China’s raid on its Wall Street to keep many bankers awake at night as Beijing probes top institutions

• Disciplinary watchdog will send inspectors into China’s top 25 financial institutions in the coming weeks to look for signs of corruption, negligence and disloyalty
• Former China Huarong Asset Management chairman Lai Xiaomin was executed earlier this year after he was convicted of corruption in a case involving 1.8 billion yuan (US$278 million)