Jul 25, 2024 05:03 AM
FINANCE
Veteran Financial Regulator Charged With Bribery
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An Qingsong
What’s new: An Qingsong, the former chairman and party committee chief of the China Futures Association, is the latest senior official to face bribery charges in China’s sweeping anti-graft crackdown on the financial sector.
Prosecutors in Zhuzhou, Hunan province, indicted An for corruption. As a state official, An abused his power by seeking benefits for others in exchange of a large amount of illegal gains, according to a Wednesday statement published by the Supreme People's Procuratorate.
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- An Qingsong, former chairman of the China Futures Association, faces bribery charges as part of China's anti-graft financial sector crackdown.
- Prosecutors indicted An for abusing power for personal gain, leading to his expulsion from public office and the Communist Party in May.
- His investigation is linked to his previous roles at the China Securities Regulatory Commission (CSRC), particularly during company IPOs and asset restructurings.
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What Happened When
- Nov. 7, 2023：
- An Qingsong was placed under investigation by authorities, and his home was searched.
- May 2024：
- An Qingsong was expelled from public office and the Communist Party.
- May 2024：
- The Central Commission for Discipline Inspection accused An Qingsong of peddling his influence in various circumstances.
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