Anti-graft agency probes China insurance tycoon

The chairman of China's biggest insurer is under investigation by the Communist Party's anti-corruption commission, the agency said Saturday, as the government pushes a campaign against graft and a clean-up of the country's chaotic financial industry.

Wang Bin is being investigated for suspected  "serious violations of discipline and law", the Central Commission for Discipline Inspection said in a brief statement, wording that typically indicates impending graft charges.