Se­nior se­cu­ri­ties reg­u­la­tor sacked

China Daily (Canada) - - CHINA -

Yao Gang, vice-chair­man of the China Se­cu­ri­ties Reg­u­la­tory Com­mis­sion, who first came un­der sus­pi­cion of “se­vere dis­ci­plinary vi­o­la­tions” in Novem­ber, was dis­missed from his post, the State Coun­cil said on its web­site. Gov­ern­ment au­thor­i­ties have launched a se­ries of in­ves­ti­ga­tions into the fi­nan­cial sec­tor af­ter a debt-fu­eled stock mar­ket bub­ble burst in the sum­mer in a rout that wiped out tril­lions of dol­lars in mar­ket cap­i­tal­iza­tion.

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