It has emerged that the China Securities Regulatory Commission is facing a National Audit Office probe following the arrest last month of its commission issue review deputy chief, Wang Xiaoshi.
Mr Wang was arrested on November 5, following allegations that he took bribes from firms looking to list on the Chinese stock market, offering them confidential lists of the names of officials likely to be serving on listing committees.
According to reports in the Chinese media, the NAO investigation is scheduled to start in early 2005, and is expected to last several months.
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