China’s Graft Watchdog Uncovers Irregularities at Securities Regulator

China’s graft watchdog unearthed a raft of problems at the country’s securities regulator in recent years, including illegal share trading by officials’ family members, prompting the head of the regulator to vow to eradicate corruption. The revelations came at an internal meeting of leading Communist Party members in the China Securities Regulatory Commission (CSRC) amid a sweeping anti-corruption campaign launched more than three years ago by President Xi Jinping, according to a notice on the CSRC’s website late on Tuesday. Several senior CSRC officials were probed for suspected corruption during last summer’s stock market crash, including former deputy head of the CSRC Yao Gang and assistant chairman Zhang Yujun.