News Snapshot:
The former chief executive at the company that manages China's main semiconductor industry investment fund has been put under investigation by the Central Commission for Discipline Inspection (CCDI), the country's top anti-corruption watchdog. The investigation of Lu Jun, who stepped down as head of investment firm Sino IC Capital in late 2020, was announced by the CCDI in a post on its website last Friday. CCDI, the highest internal control institution of China's Communist Party , did not mention the reason behind its inquiry or the potential penalties that Lu faces. Beijing-based Sino IC Capital is responsible for managing the...
