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Chang Xiaobing

China Unicom's Shares Plummet as Chairman Chang Xiaobing is Investigted for Corruption

Dec 30, 2015 04:55 AM EST

Chang Xiaobing, the chairman of China's largest state-owned mobile operator, China Unicom, is being investigated by for corruption by the Central Commission for Discipline Inspection (CCDI). The shares of China Unicom plummeted to HK$3.62 ($0.47) from HK$3.73 on Hong Kong's bourse after the news was made public.

Another Chinese executive is being investigated for corruption as Beijing steps up its crackdown.

Another Chinese Businessman is Being Investigated for Corruption

Desiree Sison |

Dec 28, 2015 06:11 AM EST

More Chinese executives are being investigated for corruption at the height of Beijing's anti-corruption drive. The head of one of China's largest state-owned mobile company, China Telecom, is the latest to be taken into detention.