Graft-Busters Ensnare Another Former Securities Regulator

Zhu Yi, general manager of the investment banking business at Guotai Junan Securities Co. Ltd. (601211.SH), has been put under investigation on suspicion of serious violations of law, according to China’s top antigraft agency.

Zhu, 46, was a member of the main board public offering review committee of the China Securities and Regulatory Commission (CSRC) from May 2012 to September 2017, according to a statement (link in Chinese) released Friday by the Central Commission for Discipline Inspection (CCDI). In that post, Zhu served as one of the regulators responsible for approving IPOs on the main boards of the Shanghai and Shenzhen stock exchanges.