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China's anti-corruption campaign reaches Hong Kong

The CR Vanguard supermarket in central Hong Kong belongs to the China Resources (Holdings) group, which operates in a wide range of industries.

HONG KONG -- Chinese President Xi Jinping's anti-corruption campaign has reached Hong Kong. The head of China Resources (Holdings) has been sacked on suspicion of corruption, and other state-owned companies based there are also facing stricter discipline. The clampdown signals a major turning point for companies that have thrived in Hong Kong's business community.

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