Fund manager held in Shanghai probe-sources

SHANGHAI, Oct 16 (Reuters) One of China's top fund managers has been detained for questioning in an investigation of corruption involving Shanghai's social security funds, two sources familiar with the situation said today.

Han Fanghe, general manager of Huaan Fund Management Co, was removed from his position in the company after government investigators detained him over the weekend, the sources told Reuters.

Huaan, one of China's largest and oldest fund management companies, declined to comment. A spokesman for the Shanghai city government said he had not heard of the detention.

The sources said Huaan executives were meeting to discuss the situation and were expected to make an announcement on Tuesday morning.

The investigation has implicated a string of senior government officials and executives in Shanghai over the past several months, including the head of the city's Communist Party, who was dismissed late last month.

REUTERS SSC HT1600