SHANGHAI A former Beijing police chief who put away 1 of China’s prime Communist Celebration officials will head a corruption investigation into the securities sector, Bloomberg reported on Friday, citing an unidentified supply.
Fu Zhenghua, now a deputy minister for public security, previously supervised the case against former Politburo Standing Committee member Zhou Yongkang, 3 individuals familiar with the matter told Bloomberg.
The Ministry of Public Safety did not instantly respond to a request for comment.
Haitong Securities, Guosen Securities and CITIC Securities have been topic to probes by the China Securities Regulatory Commission (CSRC) for suspected violations of margin trading rules.
After China’s stock market slump in mid-June, Beijing started cracking down on insider trading and quick-selling, which it mentioned had been partly to blame for market place volatility.
(Reporting by Engen Tham Editing by Ryan Woo)