Beijing is investigating a top executive of the state-owned investment company China International Trust Investment Corporation (CITIC) Group, which was originally founded with the support of former Chinese Communist Party (CCP) leader Deng Xiaoping.
Xu Zuo, a deputy general manager at CITIC, is under investigation for alleged “serious violations of discipline and law,” according to the Central Commission for Discipline Inspection (CCDI) website on June 9.
