China’s vice-minister of finance, Liao Min, has been appointed as the next deputy managing director of the International Monetary Fund (IMF), according to an announcement by the organisation on Wednesday. Liao will take over from Li Bo, a former deputy governor of the People’s Bank of China, whose term expires at the end of November. It remains unclear whether Liao will leave his position in the Chinese government before taking on the role in Washington. China’s vice-minister of finance since...

A former high-ranking official with China’s securities regulator was sentenced to death with a two-year reprieve on Tuesday over bribery charges, as Beijing continues its sweeping anti-corruption campaign. Wang Huimin, who served as a member of the Communist Party committee of the China Securities Regulatory Commission (CSRC) from 2014 to 2019, was found to have taken more than 436 million yuan (US$65 million) in bribes. “The amount involved was especially large and caused especially heavy...