Xi’s Crackdown on Finance Hits Two-Year Mark With No Letup
- Xi tightens control after embarking on third term in charge
- Over a 100 finance professionals have been ensnared this year
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With the recent detentions and arrests of star investors and top bank executives, President Xi Jinping’s crackdown on corruption in China’s finance industry shows no signs of letting up after it kicked off two years ago.
The country’s top procuratorate announced Monday it has arrested Liu Liange, the former party chief and chairman of Bank of China Ltd., one of the most senior state banker to be accused of wrongdoing in almost two decades.