Officials’ Downfall Confirms Shanghai’s Failings as Financial Hub

Securities auditor and banking regulator probed for graft

Jun 30, 2022

By: Toh Han Shih

The recent downfall of a securities official and a senior banking regulator in Shanghai confirms earlier findings of sleaze in mainland China’s top financial center. They also confirm a previous statement by an official anti-corruption inspection team that Shanghai still falls short of replacing Hong Kong as an international financial hu…

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