title: China probes former vice-chief of securities regulator for graft
text: SHANGHAI (Reuters) - A former vice-chairman of China s securities regulator, Yao Gang, is being investigated for taking bribes, the official China Daily said, citing the prosecutors  office. Yao was one of the most senior figures arrested in a  crackdown on suspected stock manipulation in late 2015, after the mid-year collapse of the Chinese stock market following a long bull run. Yao was subject to  coercive measures,  which can range from summons and surveillance to detention and arrest, among other actions, the Supreme People s Procuratorate said, without specifying which he faced, the newspaper said on Thursday. In July, China s graft watchdog said Yao would be prosecuted for offences that included taking bribes and  destroying the order of capital markets . Yao, 55, was the general manager of Guotai Junan Securities in 1999 before taking a position with the China Securities Regulatory Commission in 2002, the paper said. At the CSRC, he was known as the  King of IPOs , overseeing initial public offerings on the Chinese mainland for 13 years, it added.   