China investigates former NDRC finance chief in bribe probe

A former director at China's economic planning agency who oversaw corporate bond issues between 2003-2006 is being investigated, the country's top prosecutor said on Friday, the latest official to be implicated in an anti-corruption drive. Zhang Dongsheng, who was more recently the head of the employment and income distribution division at the National Development and Reform Commission (NDRC), was "suspected of taking bribes", the Supreme People's Procuratorate said on its official microblog. The NDRC did not reply to Reuters requests for more information. Financial news magazine Caixin last week reported that Zhang, who was the one-time director general of the finance department, is being investigated in relation to corporate bonds issued in 2005. Read More http://ift.tt/1vposZW