The Wall Street Journal reporter Lingling Wei published a report on Fang Xinghai containing internal details, released just over six hours before the announcement by the Central Commission for Discipline Inspection.
Caixin has published a report of over 5,000 words exposing Fang Xinghai, focusing on his act of 'passing notes' during the Ant Group IPO process.
Fang Xinghai was reported to be under investigation on July 24 and was subsequently taken away by the CCDI. The program stated that he had long been responsible for matters such as capital markets, cross-border funds, and wealth management.
Former CSRC Vice Chairman Fang Xinghai has been directly placed under investigation by the CCDI.
The Central Commission for Discipline Inspection (CCDI) has issued a notice announcing that Fang Xinghai is under investigation for serious violations of discipline and law.
The Central Commission for Discipline Inspection (CCDI) issued a notice announcing that Fang Xinghai is under investigation. The notice is brief and does not specify the reasons, amounts, or projects involved.
On July 24, 2026, the Central Commission for Discipline Inspection and the National Supervisory Commission announced that Fang Xinghai, the retired former vice chairman of the China Securities Regulatory Commission, is under review and investigation for suspected serious violations of discipline and law; foreign media disclosed that he had previously applied for a position at the World Bank but was rejected.
Fang Xinghai, former vice chairman of the China Securities Regulatory Commission (CSRC), was placed under investigation in July 2026, becoming another senior official to fall in the Chinese Communist Party's anti-corruption campaign in the financial sector.
Former Shanghai Stock Exchange Deputy General Manager Fang Xinghai and more than 100 related officials were taken down by the authorities over issues including insider trading.
On September 5, multiple media outlets confirmed that Yi Huiman, former chairman of the China Securities Regulatory Commission (CSRC), has been taken away for investigation on suspicion of corruption, marking the second probe of him this year. Sources familiar with the matter said it is related to his relatives interfering in IPOs and internal corruption at ICBC. During his tenure, he oversaw 1,838 A-share IPOs with a total value exceeding 11 trillion yuan.
Fang Xinghai was scheduled to attend and deliver a speech at the China Wealth Management 50 Forum in Beijing, but he did not appear, and his nameplate was left empty.
The China Securities Regulatory Commission (CSRC) has approved the suspension of the securities lending business, a practice previously promoted by Fang Xinghai and widely regarded by retail investors as a tool for 'leek-cutting' (fleecing investors).
Fang Xinghai attends the Summer Davos Forum to discuss potential changes in China's private equity and venture capital following U.S. restrictions on capital entering China.
At the Lujiazui Forum, Fang Xinghai suggested that Hong Kong attract mainland quantitative investment firms, stating that their management capabilities and technical levels are on par with international peers.
After Xi Jinping took charge in Shanghai in 2007, Fang Xinghai was promoted to Deputy Secretary of the Shanghai Financial Work Party Committee.