China ex-cop seen heading probe into summer stock crash

Beijing

THE former high-ranking cop who brought down one of China's top Communist Party officials has been put in charge of a corruption probe of the securities industry in the wake of a summer stock crash, said a person familiar with the matter.

The appointment of Fu Zhenghua underscores the importance that President Xi Jinping has given the investigation into possible securities fraud linked to the US$5 trillion wipeout in June and July.