Chinese Financial Executives Resign in Droves Amid Heightened Scrutiny

The resignation list includes senior executives such as chairmen and presidents of banks, insurance companies, and securities dealers.

Paramilitary policemen patrol in front of the People's Bank of China, the central bank of China, in Beijing on July 8, 2015. Greg Baker/AFP via Getty Images

China faces a wave of resignations by chiefs and executives of listed companies and banks as Beijing ramps up a crackdown on the nation’s financial industry.

In a little more than a month, more than a thousand senior leaders of China’s A-share listed companies, banks, and financial institutions resigned for personal reasons, according to Chinese state media reports.