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Deputy head of China financial regulator probed for suspected law, discipline violations

China probes senior financial regulator Zhou Liang in anti-corruption crackdown, as authorities intensify scrutiny of top officials in the sector

BEIJING: The deputy ⁠head of China’s financial regulator Zhou Liang is being ​probed over suspected violations of law ‌and discipline, state media ​CCTV reported on Tuesday.

Zhou, vice minister of the National Financial Regulatory Administration (NFRA), is under investigation ​by the country’s top anti-graft body, the ⁠Central ‌Commission for ​Discipline Inspection (CCDI), the report ​said.

Born in October 1971, Zhou ​was named as vice chairman of the now-defunct China Banking Regulatory Commission (CBRC), the predecessor of the NFRA, and has ‌since served as deputy head at the financial regulator.

Before that, Zhou had led the CCDI’s organization department, which oversees appointments and management ⁠at ‌the anti-graft watchdog.

China is intensifying its anti-corruption crackdown within the financial sector, leading to a ​series of high-profile officials stepping down.

Last year, ​China’s ​former securities watchdog chief ‌Yi Huiman ​was taken away by authorities for investigation, Reuters reported.

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