China’s Finance Crackdown Ensnares More Than 20 Officials (1)

China’s anti-graft crackdown has so far brought down more than 20 financial officials as authorities step up scrutiny over the nation’s $54 trillion financial system at a time of growing turmoil in the property market.

At least 24 officials had been probed or penalized since Oct. 12 when China launched a national anti-corruption inspection focused on financial institutions and regulators, according to a Bloomberg News tally based on announcements from the Central Commission for Discipline Inspection.

The officials had worked for top regulators such as the People’s Bank of China and China Securities Regulatory Commission as well as state-owned banks ...