The former head of China’s top securities regulator, Liu Shiyu, has been removed from a government position following an investigation by the country’s anti-corruption watchdog, the watchdog said on Friday.
Liu “severely violated political discipline and political rules”, received gifts and used his power and position to seek personal gains for others, the Central Commission for Discipline Inspection said in a statement.
Liu will remain a member of the Chinese communist party, the watchdog said. Most officials involved in corruption charges are expelled from the party.
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