Former IPO Gatekeeper at CSRC Turns Herself In for Graft Probe
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Guo Xudong
A former senior official at China’s top securities watchdog has turned herself in after nearly a month out of public view, marking the latest development in a widening anti-corruption campaign targeting the country’s financial regulatory sector.
Guo Xudong, 56, once a powerful figure in the IPO vetting process at the China Securities Regulatory Commission (CSRC), is under investigation for alleged “serious duty-related violations,” according to the country’s top anti-graft agency.
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- Guo Xudong, former senior official at China’s securities regulator (CSRC), turned herself in after being missing for a month and is under investigation for “serious duty-related violations.”
- Guo spent over 20 years at CSRC, was known for rigorous IPO vetting, and left the agency in 2020 to join Wuhan Dangdai Science & Technology Industries Group.
- Her case relates to a broader anti-corruption campaign in China’s financial regulatory sector and concerns over regulator-to-private-sector transitions.
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Who’s Who
- Wuhan Dangdai Science & Technology Industries Group
- Wuhan Dangdai Science & Technology Industries Group is a company Guo Xudong joined as a director after leaving the CSRC in late 2020. This move was controversial due to the company's ties to Tianfeng Securities, a brokerage it controls. Guo's time at Wuhan Dangdai was brief, ending due to internal conflicts and financial difficulties.
- Tianfeng Securities
- Tianfeng Securities is a brokerage firm controlled by Wuhan Dangdai Science & Technology Industries Group. A former powerful figure at the China Securities Regulatory Commission (CSRC), Guo Xudong, joined Dangdai as a director after leaving the CSRC, a move seen as controversial due to Dangdai's ties with Tianfeng Securities. The chairman of Tianfeng Securities, Yu Lei, who invited Guo to Dangdai, later became the subject of a corruption probe.
- Ernst & Young
- After leaving Wuhan Dangdai Science & Technology Industries Group, Guo Xudong, a former senior official at the China Securities Regulatory Commission (CSRC), joined Ernst & Young. She maintained a low profile there until she became the subject of a recent anti-corruption investigation.
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What Happened When
- 1998：
- Guo Xudong joined the CSRC’s accounting department.
- By 2015：
- Guo Xudong considered resigning from the CSRC but was persuaded to stay by then-CSRC chairman Liu Shiyu.
- 2017：
- Guo Xudong was appointed deputy director of the issuance department and head of the Issuance Review Committee at the CSRC.
- July 2020：
- Guo Xudong ended her role as deputy director of the issuance department and head of the Issuance Review Committee at the CSRC.
- Late 2020：
- Guo Xudong officially departed from the CSRC and joined Wuhan Dangdai Science & Technology Industries Group as a director.
- February 2025：
- Yu Lei, then chairman of Tianfeng Securities, became the subject of a corruption probe.
- June 10, 2025：
- Guo Xudong's last known public activity occurred (a WeChat post).
- After June 10, 2025：
- Guo Xudong was out of public contact; her phone was initially reachable, then switched off.
- Starting September 16, 2025：
- Repeated calls and messages to Guo Xudong by Caixin went unanswered.
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