SFE official detained on suspicion of bribery

Yan Shaohui, a senior executive at the Shanghai Futures Exchange, has been detained on suspicion of taking bribes, a source at the SFE said. A source with Shanghai Municipal People's Prosecution Service said Yan took about 200,000 yuan ($32,000) in bribes from suppliers of facilities including hardware and software at the SFE. Yan is still under investigation. Yan is responsible for information technology systems and works as chief engineer at the exchange. Zhang Guoyuan, a senior official with the Shanghai-based China Financial Futures Exchange has also been detained on suspicion of economic crimes, according to Caixin.com, a financial news website.

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