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China ex-cop seen heading probe into summer stock crash

Published Fri, Dec 4, 2015 · 09:50 PM
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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.

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