China Financial Crackdown Intensifies as Funds, Banks Targeted

  • Agricultural Bank president said taken away to assist probe
  • Executives at Yishidun, Huaxin, Zexi detained, says Xinhua

The Communist Party’s Central Commission for Discipline Inspection is carrying out its first broad checks on the finance industry since President Xi Jinping became the party’s head in November 2012.

Photographer: Johannes Eisele/AFP via Getty Images

China’s crackdown on its financial industry is intensifying as authorities investigate strategies blamed for exacerbating a $5 trillion stock-market rout.

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