Liu Shiyu, former chairman of the China Securities Regulatory Commission, has avoided criminal charges despite admitted “wrongdoing”. Photo: Bloomberg

The curious corruption case of China’s former securities chief Liu Shiyu and his lenient treatment

  • Liu will not have to face court and will not lose his Communist Party membership despite ‘wrongdoings’ during his work
  • Most officials accused of corruption have faced criminal charges and been expelled from the party
Topic |   Xi Jinping's anti-corruption campaign

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Liu Shiyu, former chairman of the China Securities Regulatory Commission, has avoided criminal charges despite admitted “wrongdoing”. Photo: Bloomberg
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The Central Commission for Discipline Inspection said Liu Shiyu (right) had not upheld the principles of a Communist Party member, made inappropriate public speeches and lacked “political vigilance” and awareness of confidentiality rules. Photo: Xinhua

China’s former securities regulator Liu Shiyu gets light punishment after graft probe

  • Anti-corruption watchdog finds 58-year-old used his role for personal gain, broke the rules to help others work in financial system, and accepted gifts
  • He has been given two years’ probation, had his civil servant rank downgraded and his illegal gains have been confiscated
Topic |   China economy

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The Central Commission for Discipline Inspection said Liu Shiyu (right) had not upheld the principles of a Communist Party member, made inappropriate public speeches and lacked “political vigilance” and awareness of confidentiality rules. Photo: Xinhua
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