Finance Movers and Shakers: Former Securities Watchdog Chief Yi Huiman Under Graft Probe
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Yi Huiman (left), Wang Shuguang
Welcome to Finance Movers and Shakers, a newsletter covering significant personnel changes and corruption scandals shaping China’s finance sector.
# Who Falls From Grace
Former CSRC chief
Yi Huiman, who until early last year chaired China’s top securities watchdog, is under investigation for suspected corruption, the country’s top graft-buster announced Saturday.
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What Happened When
- 1998：
- Wang Shuguang joined CICC.
- 2009：
- Launch of the Shenzhen Stock Exchange’s ChiNext board.
- 2011：
- Wang Shuguang led the establishment of CICC’s growth enterprise investment banking department.
- 2018：
- Lin Jingzhen became executive vice president of Bank of China Ltd.
- 2019：
- Yi Huiman became head of the China Securities Regulatory Commission (CSRC).
- 2024：
- Gu Jiangang, a former close subordinate of Yi Huiman at ICBC, was prosecuted on charges of embezzlement and bribery.
- Early 2024：
- Yi Huiman stepped down as the chairman of China’s top securities watchdog, the CSRC.
- June 2024：
- Suen Kin-wing was convicted for money laundering by a Hong Kong court.
- January 2025：
- Lin Jingzhen resigned from his position as executive vice president of Bank of China Ltd.
- 2025：
- Zhao Shanzhong took over as head of the CSRC’s Department of Fund and Intermediary Supervision.
- 2025：
- Shen Bing was set to lead the Department of International Affairs of the CSRC.
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