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Beijing seeks to curb ‘shakedown’ detentions of Chinese executives

Senior figures at more than 80 listed companies were held by local authorities in 2024, FT analysis finds

China’s central government is trying to curb a spate of detentions by local authorities of business executives that is fuelling anxiety among entrepreneurs and risks undercutting efforts to boost economic growth.

A review of filings by the Financial Times found senior figures in more than 80 companies listed on the Shanghai and Shenzhen stock exchanges were detained in 2024.

China’s securities regulator requires listed that companies disclose detentions of controlling shareholders, chairs, chief executives and other top managers, and the numbers suggest much broader action against executives across the country.

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