China's CSC Financial executive steps down amid inquiries

Li Geping, the general manager and executive director of CSC Financial, is facing official inquiries and has stepped down from the Beijing-based investment bank and brokerage house, Caixin has learned.

Li resigned from all positions at the company for personal reasons, Shanghai- and Hong Kong-traded CSC Financial, traded as China Securities, said late Thursday in a statement. Li was also CSC Financial's chief financial officer and a member of the board's committees in charge of strategic development and risk management.