Sources revealed that Wang Yawei, the manager of the Chinese Star Fund, has been detained and was investigated.
Reuters on Friday (October 13) quoted three insiders that Wang Yawei has been officially detained since August and is currently under investigation.
Wang Yawei is the founder of Shenzhen Qianhe Capital Management Company and the Hong Kong TOP ACE Asset Management Company. It is also the latest executive of well -known Chinese companies investigating or detained.
Sources said that Wang Yawei's case involved a survey of Zhu Congzhang, former deputy governor of Zhejiang Province, who had worked in the financial supervision system for many years.The two sources said that Wang Yawei has not been contacted in the past few weeks.
The website of the State Supervision Commission of the Central Committee of the Communist Party of China reported in May this year that Zhu Congzhang was suspected of serious disciplinary violations and was undergoing discipline review and supervision investigation by the Central Commission for Discipline Inspection.
Zhu Congzhang has worked in the financial supervision system for more than 20 years, and has successively served as a cadre of the Financial Management Department of the People's Bank of China, the cadres of the Office of the China Securities Regulatory Commission, the general manager of the Shanghai Stock Exchange, and the assistant to the chairman of the China Securities Regulatory CommissionEssenceFrom May 2012 to July 2022, he served as the vice governor of Zhejiang Province, and later served as the vice chairman of the Zhejiang Provincial Political Consultative Conference.
