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bjl1436726 : China's former top securities regulator probed over family members' alleged insider trading and favouring hometown IPOs

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  • China's former top securities regulator probed over family members' alleged insider trading and favouring hometown IPOs (2019-05-20)
  • Liu Shiyu, China's former securities regulator, is being investigated for allegedly fast-tracking initial public offerings (IPOs) of small banks in his hometown and also of having family members who bought bonds at below-market prices, according to sources and media reports. The investigation of Liu, announced Sunday in a vaguely worded statement that said he had "turned himself in" and was "collaborating with investigations", shocked industry insiders and regulators in China's financial market.    Photo by Imaginechina
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