A $270bn state-controlled asset manager is seeking to wipe the name of its former chairman from official record just weeks after he was arrested on corruption charges.
Chinese authorities officially detained Lai Xiaomin, former head of China Huarong Asset Management, earlier this month in one of several high-profile corruption cases to rock the country’s financial sector this year.
Mr Lai was expelled from the Communist party in October after being accused of taking bribes and for “blindly” and in a “disorderly” manner shifting Huarong away from its core of distressed debt investing.
您已阅读22%（588字），剩余78%（2071字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。