Ex-Securities Watchdog Chief Appointed to Top Political Advisory Body

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Yi Huiman. Photo: VCG

Yi Huiman, a former chairman of China’s top securities watchdog, has been appointed as a deputy director of the economic committee of the country’s top political advisory body, state media reported Thursday.

The Committee on Economic Affairs, part of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), advises on the country’s economic policies.

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Yi Huiman, former chairman of China Securities Regulatory Commission (CSRC), is now deputy director of the economic committee of the CPPCC.
Yi's career spans from the central bank in 1984 to ICBC chairmanship in 2016 and CSRC chairmanship in 2019.
At CSRC, Yi initiated significant reforms, including the STAR Market, a registration-based IPO system, and an agreement with U.S. regulators on audit access.

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Who’s Who

Industrial and Commercial Bank of China Ltd. (ICBC): Industrial and Commercial Bank of China Ltd. (ICBC) is the world's largest commercial bank by assets. Yi Huiman joined ICBC in 1985 and rose to become its chairman in 2016. Under his leadership, the bank underwent significant reforms and advancements in corporate governance, business operations, and international development.

Beijing Stock Exchange: The Beijing Stock Exchange was established in 2021 under the leadership of Yi Huiman, then-chairman of the China Securities Regulatory Commission (CSRC). It was one of several major reforms overseen by Yi and aimed at supporting high-tech company listings and advancing China's financial sector development.

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What Happened When

1984：: Yi Huiman began his career at the central bank.

1985：: Yi Huiman joined Industrial and Commercial Bank of China Ltd. (ICBC).

2016：: Yi Huiman assumed chairmanship of Industrial and Commercial Bank of China Ltd. (ICBC).

2019：: Yi Huiman resigned from his top job at ICBC.

2019：: Yi Huiman became chairman of the China Securities Regulatory Commission (CSRC).

2019：: The establishment of the Nasdaq-style STAR Market in Shanghai for high-tech listings under Yi Huiman's leadership.

2020：: Yi Huiman gave an exclusive interview to Caixin about the removal of restrictions on foreign ownership of futures, securities, and mutual fund management companies on the Chinese mainland.

2021：: The setting up of the Beijing Stock Exchange under Yi Huiman's leadership.

2022：: A landmark breakthrough with U.S. financial regulators allowed American officials access to accounting companies based on the mainland and in Hong Kong.