FINANCE

China Expels Former Securities Chief Yi Huiman Over Graft

Published: Apr. 30, 2026 10:15 p.m. GMT+8

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Yi Huiman. Photo: VCG

China has expelled former top securities regulator Yi Huiman from the Communist Party and public office over alleged bribery, paving the way for his criminal prosecution.

The announcement follows a seven-month probe into the former chairman of the China Securities Regulatory Commission, who previously led the Industrial and Commercial Bank of China (ICBC).

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China expelled former CSRC chairman Yi Huiman from Communist Party and office over bribery, transferring case to prosecutors after 7-month probe.
Accused of feigning compliance, taking bribes for IPO approvals, loans, promotions; superstitious activities, power-for-sex trades; relatives profited.
Yi led ICBC 34 years, CSRC 2019-2024; expulsion underscores financial sector anti-corruption drive.

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Who’s Who

Industrial and Commercial Bank of China: The Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender by assets, was led by Yi Huiman, who spent 34 years there rising from planner to chairman. A relative formerly at an ICBC branch was detained alongside him.

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