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Exclusive: Two Securities Officials Fall to Their Deaths Amid China’s Graft Sweep

Published: Jul. 3, 2025 7:52 p.m. GMT+8

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At least one of the officials was under corruption investigation, sources say. Photo: AI generated

Two Chinese securities officials — one current and one former — fell to their deaths last month amid the country’s ongoing anti-graft campaign in the financial sector, sources with knowledge of the matter told Caixin.

The current official, a regulatory veteran surnamed Chen, fell to his death at his home in Shenzhen on the night of June 25, the sources said. The other, Zhang Cheng, died at his home in Jiangsu province earlier that month. He was under investigation for alleged graft, according to the sources.

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Explore the story in 30 seconds

Two Chinese securities officials, one current (Chen) and one former (Zhang Cheng), died by falling at their homes in June 2024 amid an ongoing anti-graft campaign.
Zhang was under investigation for alleged kickbacks and insider trading linked to helping companies list, connected to broader corruption probes in Jiangsu.
Chen died shortly after a stern anti-corruption meeting; police are investigating, and details about his death remain undisclosed.

AI generated, for reference only

What Happened When

2022：: Chen moved to Shenzhen.

2024：: Ling Feng, former head of the CSRC’s Jiangsu branch, was ensnared in a corruption probe.

By June 2025：: Zhang Cheng had come under investigation by authorities for allegedly accepting kickbacks.

Around June 15, 2025：: Zhang Cheng, a former secretary-general at the Jiangsu Association for Public Companies, fell to his death at his home in Jiangsu.

June 25, 2025：: The China Securities Regulatory Commission (CSRC) held a meeting to warn about corrupt behavior within the securities system; all mid-level officials from entities overseen by the CSRC attended online.