China's Former Top Securities Regulator Under Investigation
- Ex-Chairman Liu Shiyu was replaced at China’s CSRC in January
- Authorities say former regulator has turned himself in
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Liu Shiyu, the former head of China’s securities regulator, is under investigation for suspected law violations and has turned himself in, authorities said on Sunday.
Liu, who remains a senior Communist Party official, is cooperating with the probe, according to a statement from China’s Central Commission for Discipline Inspection. He was chairman of the China Securities Regulatory Commission for three years before being replaced in January by Yi Huiman.