China’s anti-corruption unit detains provincial market regulator as stock gauge slumps

China’s anti-corruption unit detains provincial market regulator as stock gauge slumps

The chief of a branch of China’s securities regulator, was detained by the Communist Party’s anti-graft body for alleged serious violations of discipline and laws, amid disgruntled equity investors’ uproar over a slumping market. Beijing-based financial media outlet Caixin said that Ling was apprehended on Monday morning and that his detention might be linked to … Read more

Hong Kong affairs veteran resigns from China’s top advisory body, ending political career

Hong Kong affairs veteran resigns from China’s top advisory body, ending political career

The report by state-run Xinhua news agency was brief and did not give a reason for his resignation. The 60-year-old Zhang was a ministerial-level official, putting him below the usual retirement age of 65 for that rank. He began working at the Hong Kong and Macau Affairs Office (HKMAO) in 1989 after graduating from the … Read more