Insurance regulator chief Xiang Junbo removed from office

BEIJING, May 5 (Xinhua) -- The State Council announced Friday the removal of Xiang Junbo from the post of the chairman of China Insurance Regulatory Commission.

Xiang is being investigated for suspected serious violation of the Party's code of conduct, according to an announcement from the top anti-graft authority on April 9.

The council also appointed Zheng Shanjie as a deputy director of its Taiwan affairs office, replacing Li Yafei.

Zheng's previous post was deputy head of the National Energy Administration.