Former CSRC Vice Chairman Fang Xinghai Under Investigation
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Fang Xinghai. Photo: VCG
Fang Xinghai, a former vice chairman of the China Securities Regulatory Commission who was known for promoting the opening of China’s capital markets, is under investigation for suspected serious disciplinary and legal violations, two years after his retirement.
The fall of the Stanford-educated official marks the second time in two years that a senior securities regulator has come under scrutiny, highlighting Beijing’s continuing anti-corruption campaign in the financial sector.
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