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Why China is loath to pursue US probe into JPMorgan hiring

The Chinese Communist party’s corruption watchdog has a tricky problem that the US Securities and Exchange Commission, of all organisations, may be able to help solve.

The Central Commission for Discipline Inspection has been a victim of its own success when it comes to catching “tigers” — Chinese government, military and state-owned enterprise officials with vice-ministerial rank or higher.

When you have bagged, on average, more than 50 tigers a year for three years running, the public expects the skins to keep coming. But that is easier said than done, even in a country where corruption flourished as much as it did before the launch of President Xi Jinping’s unprecedented anti-corruption campaign in 2013.

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