Chinese financial regulator Zhou Liang has been placed under corruption probe for 'serious violations of discipline and law'. This marks one of the highest-profile purges among China's financial regulatory apparatus in recent years.

A senior Chinese financial regulator and former graft fighter has been placed under a corruption probe, officials announced on Tuesday, marking one of the highest-profile purges among China’s financial regulatory apparatus in recent years. Zhou Liang, vice-chairman of the National Financial Regulatory Administration (NFRA), is under investigation for “serious violations of discipline and law”, a euphemism for corruption, bribery and abuse of power, according to an announcement by the Central...