What’s new: Zhu Congjiu, a former senior official at China’s top securities regulator, has been placed under investigation on suspicion of serious violation of law and Communist Party discipline, the country’s top anti-corruption watchdog said Thursday.
It didn’t specify details of the alleged violation.
Zhu, 58, was taken away by authorities on Friday, people familiar with the matter told Caixin. Early in his career, Zhu spent about two decades in China’s securities regulatory system, climbing the ladder to become an assistant chairman at the China Securities Regulatory Commission (CSRC).
In 2012, he was named a deputy governor of Zhejiang province in charge of its finance sector.
After leaving the job in 2022, Zhu became a party group member of the Zhejiang provincial branch of the Chinese People’s Political Consultative Conference, the country’s top political advisory body. He was made a vice chairman of the branch in January.
The background: The Central Commission for Discipline Inspection, China’s top anti-graft body, vowed in February to “resolutely” fight corruption in the financial sector.
Several ex-CSRC officials, including Feng Henian, Wang Zongcheng and Zeng Changhong, were also investigated in recent years for alleged corruption.
Related: Top Graft Buster Pledges to Ramp Up Financial Sector Corruption Fight
Contact reporter Zhang Ziyu (ziyuzhang@caixin.com) and editor Michael Bellart (michaelbellart@caixin.com)
Get our weekly free Must-Read newsletter.
