Exclusive: Former China Brokerage President Probed in Anti-Graft Drive
Listen to the full version
Qi Liang, a veteran of China’s first generation of securities professionals and former president of China Securities Co. Ltd. (601066.SH), was taken away for investigation by authorities on May 20, sources familiar with the matter said.
Qi was taken from an office building in Beijing, the sources told Caixin.
Two other people linked to Qi were placed under investigation around the same time, including Li Shihua, a former China Securities supervisory board chairman, and Zhao Dawei, an official with the China Securities Regulatory Commission (CSRC), the sources said.
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Save an extra $50. Introductory offer for new readers. Subscribe now.
- RELATED
- DIGEST HUB
Digest Hub
Back
- Former China Securities president Qi Liang was taken for investigation on May 20, sources said.
- Two others, former chairman Li Shihua and CSRC official Zhao Dawei, were also investigated.
- The probes are part of an anti-corruption drive in China's financial system.
- February 2018：
- Qi Liang resigned from China Securities Co. Ltd.
- Later that year in 2018：
- Qi Liang founded DIB Group.
- 2020：
- Li Shihua retired from China Securities.
- May 2026：
- Two other people linked to Qi, including Li Shihua (former China Securities supervisory board chairman) and Zhao Dawei (official with CSRC), were placed under investigation.
- May 2026：
- Li Shihua was taken away by graft-busters on suspicion of jointly taking bribes.
- May 20, 2026：
- Qi Liang was taken away for investigation by authorities from an office building in Beijing.
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新