Voice of America: US Investigation Spotlights China's Princelings

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

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US Investigation Spotlights China's Princelings Sep 19th 2013, 20:17, by webdesk@voanews.com (Yi Chen, Yinan Wang) The U.S. Securities and Exchange Commission (SEC) is investigating JP Morgan's Hong Kong office for hiring the children of high-level Chinese officials.  Observers say the hiring of these so-called "princelings" is to open business opportunities in mainland China.  But could the practice, which dates back almost two decades, also be considered bribery?  The SEC has investigated at least seven cases of bribery of Chinese officials, involving major American firms, since 2010. ... Media files: 891D38EE-314B-4DD6-8651-055466448C96_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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