China Probes Property Executives for Possible Law Violations
- Signals potential expansion of Xi’s crackdown on corruption
- Campaign has focused on financial and technology sectors
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China is probing a number of executives at state-owned real estate companies, signaling an expansion of the government’s crackdown on misconduct that has centered on the financial and technology sectors.
In a flurry of announcements this week, authorities said they were investigating at least four current and former top managers, including Xiamen C&D Real Estate Chairman Zhuang Yuekai, who is suspected of “serious” law violations.