China starts probing property executives for possible law violations

Chinese authorities said they were investigating at least four current and former top managers, including Xiamen C&D Real Estate Chairman Zhuang Yuekai, who is suspected of "serious" law violations

China is probing a number of executives at state-owned real estate companies, signaling an expansion of the government’s crackdown on misconduct that has centered on the financial and technology sectors. 
 

In a flurry of announcements this week, authorities said they were investigating at least four current and former top managers, including Xiamen C&D Real Estate Chairman Zhuang Yuekai, who is suspected of “serious” law violations. 

President Xi Jinping’s corruption clampdown on the nation’s sprawling financial sector has brought down more than 40 officials at state banks and regulators. The latest probes could signal authorities are widening the campaign to include