FINANCE

Former China Securities Watchdog Official Sentenced for Bribery

Published: May. 8, 2026 4:32 p.m. GMT+8

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The China Securities Regulatory Commission. Photo: VCG

A former official at China’s top securities regulator was sentenced to seven years in prison on Friday for bribery, according to a court statement.

The court also fined Yang Chunlei, a former deputy director at an inspection unit at the China Securities Regulatory Commission, 400,000 yuan ($59,000). Illicit gains were ordered confiscated.

The case is part of Beijing’s continuing anti-corruption campaign targeting the financial sector, which has ensnared regulators and executives in recent years.

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Yang Chunlei, ex-deputy director at China Securities Regulatory Commission, sentenced to 7 years in prison for bribery, fined 400,000 yuan ($59,000), illicit gains confiscated.
Investigated in 2023 for abusing position and accepting bribes.
Case part of financial sector anti-corruption drive; husband Cong Lin probed in 2022.

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Who’s Who

China Renaissance Holdings Ltd.: China Renaissance Holdings Ltd., a Hong Kong-listed investment bank, had Cong Lin as its former president. Cong, husband of sentenced CSRC official Yang Chunlei, disappeared from public view in 2022 amid an investigation.

AI generated, for reference only