A Chinese Wall Street banker and venture capital tycoon was taken away by Beijing public security forces for alleged misappropriation of funds. Caixin, a Chinese financial media, reported the arrest of Wang Chaoyong, 56, through multiple sources on Dec. 16. The same day ChinaEquity Group also announced that it has neither been able to contact  Wang, who serves as the company’s chairman, nor received any notice from the public security and judicial authorities. The company issued a stock suspension statement (pdf) saying that exchanges would be suspended from that day until Dec. 29. Chinese authorities have been moving to target private equity giants. According to state-run People media on Sep. 3, China’s central bank had issued a report, saying the authorities had made progress in lessening risky trading venues of private equity funds and financial assets, and will be maintaining the stability of the stock market, debt market, and currency market. …