Li Xiaopeng is suspected of ‘serious violations of discipline and law’. More than 30 state-owned firms are being investigated, including five financial firms, the anti-graft body said last week.
China’s leading Communist Party business chamber says it will take legal action against malicious rumours targeting private businesses, as Beijing looks to shore up the country’s economic recovery.
BEIJING, Jan 4 Chinese authorities have given approval to Jack Ma’s Ant Group to raise 10.5 billion yuan (RM6.6 billion) for its consumer finance arm, in a sign that Beijing.