<p>CSRC chairman Liu Shiyu warns some asset managers not to be ‘prodigal vulgar rich’, ‘evil monsters’ and ‘poisonous pests’ of the industry.</p>
<p>The chairman of China’s securities regulator strongly rebuked some asset managers for their “barbaric” leveraged company buyouts by using illegal funds, according to a statement posted on the China Securities Regulatory Commission (CSRC) website on Saturday.</p>