A senior executive at the Shanghai Futures Exchange has been detained on suspicion of accepting bribes, one of the highest-ranking officials to face censure since regulators vowed to root out corruption in China’s capital markets nearly two years ago.
Yan Shaohui, who is responsible for information technology systems as “chief engineer” of the exchange, is being questioned by state procurators in an investigation into economic crimes, people with direct knowledge of the case told the Financial Times.
The investigation comes as China tries to promote the growth of its futures exchanges to give companies and investors more hedging strategies.
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