China investigates former stock market regulator Yi Huiman for disciplinary.jpeg
Yi Huiman, the previous organizer of the stock market in China, is investigated due to disciplinary violations, as the campaign to control the unlawful gain in the country extend to all corners of the financial industry, from banking services to the stock market.
Yi, Chairman of the Chinese Securities Regulatory Committee (CSRC) from January 2019 to February 2024, is being investigated by the disciplinary unit of the Communist Party to violate severe discipline, according to the Central Committee for Discipline Exercise, which has not reached the details of the investigation.
In China, the official language of suspected disciplinary violations is often referred to as “economic crimes” in the statements announced by the Illegal Granding Authority. The Yi probe was reported on Friday on Caixin.com, but the report was removed soon from its website.
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From training statistics, Yi will be the second organizer of the Chinese Market Control Authority with a value of 12 trillion US dollars – the second largest in the world – to be investigated for illegal gain during a decade and the third that has been launched since 2016.
Wu Cheng, nicknamed “Obscene Peninsula”, took the position of Chairman of the Chinese Securities Regulatory Committee (CSRC) in 2025 by Yi Hoiman. Photo: Scio Alt = Wu Qing, nicknamed “Obscene Islands”, he took the position of Chairman of the Chinese Securities Regulatory Committee (CSRC) in 2025 by Yi Hoiman. Photo: Scio>
His direct predecessor Leo Xio was removed from the job in 2019, before investigations presented a set of misconduct from accepting gifts and money in favor of stock sales from his hometown in Jiangsu Province. In 2016, Xiao Gang was expelled on charges of the organization’s response to a $ 5 trillion market march that occurred a year ago.
Repression operations emphasize how President Xi Jinping tries to clean the financial system in China after raising the industry to a strategic important sector for a “financial strength”, amid the increasing risks of separating the financial with the United States amid the relations of the United States of China. Nearly 300 Chinese companies are valued at $ 1.1 trillion, listed on US stock exchanges, are preparing to find alternative existing places amid the threat of separation.
Yi was dismissed after the A-SHARE index decreased to a five-year low level in 2024, which led to a confidence crisis between 200 million individual investors being beaten by fears of the fragile economy and the deterioration of corporate profits. He was replaced by Wu Qing, the former head of the Shanghai Stock Exchange and Vice -President of the city, in an amendment aimed at restoring the investor’s confidence.
Liu Shiyu, former Chairman of the China Securities Organization Committee (CSRC), during a press conference on March 12, 2016. Liu was removed from the job in 2019. Photo: Reuters Alt = Liu Shiyu, former head of the Chinese Securities Organizational Unit (CSRC), during a news conference on March 12.
“CSRC is more than just securities monitoring in China because it has long been responsible for protecting the interests of young investors who have placed their life savings in the stock market,” said Ding Heving, a consultant at the safety of the financial consulting company in Shanghai. “Yi’s removal showed that he was not eligible for this position.”
Yi, 61, in December, has been a consultative role in the government since he stepped as a regulator last year. He was the deputy director of the Economic Committee of the Political Consultative Conference of the Chinese people in Beijing, a government advisory body.
Before taking the best financial organizational job from Liu, Yi was a professional bank. He made its way in the ranks of the Chinese Industrial and Commercial Bank for three decades before he rose to the head of the world’s largest bank through assets in 2013.
An open -air electronic screen on the pedestrian bridge in Logiazi with closing prices for the Shanghai index composite and an indicator of the Shenzhen component on August 18, 2025, in Shanghai. Photo: Getty Images Alt = Outdoor Electronic Screen on the Lujiazui infantry bridge with Shanghai Composite closing prices and Shenzhen component indicator on August 18, 2025, in Shanghai. Photo: Getty Images>
Yi’s duration coincided with CSRC president with Covid-19 and Chinese zero zero rooms, which sent the economy to a tail. The collection of donations and investments by the investment funds entered into a deep freezing, while sales of land stocks slowed to Shanghai and Shanzhen.
During the five -year Yi period, the Shanghai Composite Index increased by 9 percent, leaving a 87 percent jump on the Dow Jones and jumping 103 percent in the S&P 500 index.
His greatest achievement was the CSRC reform of the China Primary Offers Operation (IPOS) to the so -called registration process that put the responsibility for companies to reveal their financial resources. However, the blame for reform, which is simple to agree and was more compatible with global practices, was dumping capital markets with an abundance of new stocks.
The former president also led the creation of the stars market, which is China’s answer to the Nasdaq Stock Exchange, on the Shanghai Stock Exchange in June 2019, just seven months after President Xi.
Yi formulated the citizens of Wenzhou in the Tshajiang Province in East China, the term “evaluation with Chinese characteristics”, which called for investing in the institutions owned by the public that are generally circulated and that are usually traded at reduced prices.
