Xi’s Crackdown on Finance Hits Two-Year Mark With No Letup

With the recent detentions and arrests of star investors and top bank executives, President Xi Jinping’s crackdown on corruption in China’s finance industry shows no signs of letting up after it kicked off two years ago.

The country’s top procuratorate announced Monday it has arrested Liu Liange, the former party chief and chairman of Bank of China Ltd., one of the most senior state banker to be accused of wrongdoing in almost two decades.

Wang Yawei, a star fund manager, was detained in August, Reuters reported last week. Li Xiaopeng, former chairman and party secretary of ...