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Benzinga
China’s Regulatory Crackdown On Its Tech Sector Takes New Twist
China is after the head of its leading state-backed chip investment fund, shortly following a similar probe into a former executive linked to the fund, Reuters reports. China suspected Ding Wenwu, the head of China Integrated Circuit Industry Investment Fund, or the “Big Fund,” of severe law violations and was under disciplinary review. In July, China placed Lu Jun, former head of investment firm Sino IC Capital, which managed the Big Fund, under investigation, citing a “serious violation of dis
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