Exclusive-China's financial regulatory head Li Yunze demoted, sources say

China's top financial regulator, Li Yunze, has been demoted due to a suspected disciplinary violation. He oversaw thousands of financial firms, including banks, insurers, and trust firms, in the country's financial sector. Li will be given a mid-level position at the financial regulator. The demotion comes at a time when China's financial sector is grappling with a prolonged property crisis and slowing economic growth