Liu Shiyu, the former chairman of the China Securities Regulatory Commission (CSRC), is being investigated for corruption. Photo: Reuters
Liu Shiyu, the former chairman of the China Securities Regulatory Commission (CSRC), is being investigated for corruption. Photo: Reuters

China’s former securities regulator Liu Shiyu is probed over family members’ alleged insider trading and favouring hometown IPOs, sources say

  • Family members were able to buy bonds at below-market prices, source says
  • Six rural commercial banks from Liu’s hometown in Jiangsu province went public during his tenure, drawing scrutiny, source says

Liu Shiyu, the former chairman of the China Securities Regulatory Commission (CSRC), is being investigated for corruption. Photo: Reuters
Liu Shiyu, the former chairman of the China Securities Regulatory Commission (CSRC), is being investigated for corruption. Photo: Reuters
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