Former Citigroup Banker Cleared In China Life Case
The U.S. Securities and Exchange Commission cleared Ren of any wrongdoing related to an initial share sale of $3.5 billion by the China Life Insurance Company.
“I am pleased but not surprised with the conclusion of this matter,” Ren said. “The SEC has expressed its appreciation for my cooperation.”
Ren, previously married to the son of former Chinese Premier Zhao...
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