China's Top Insurance Regulator Under Probe for Violations
- China says investigation for ‘severe’ disciplinary violations
- Premier Li has vowed to punish corruption in finance ‘harshly’
Xiang Junbo.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s anti-graft agency is probing the nation’s top insurance official Xiang Junbo as the government steps up a bid to rein in financial risks amid an economic slowdown.
Xiang, chairman of the China Insurance Regulatory Commission, is under investigation on suspicion of “severe” disciplinary violations, the Central Commission for Discipline Inspection said in a statement on its website on Sunday without providing details.