CSRC bond, futures head in corruption probe

One of the four vice-chairmen at the China Securities Regulatory Commission has been placed under investigation in a further widening of the government's anti-corruption drive. The CSRC has responded by promising to step up its internal scrutiny. Yao Gang, who was head of initial public offerings until March but now reportedly oversees bond and futures supervision, is suspected of "serious violation of party discipline”, said the Central Commission for Disciplinary Inspection on F…