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.┬áThe 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.┬áSeveral 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.

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