Former CSRC Chairman Yi Huiman Taken Away for Investigation Over Suspected Corruption
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.