Xin Lang Zheng Quan·2025-09-06 03:30Group 1 - The former chairman of the Industrial and Commercial Bank of China (ICBC) and the chairman of the China Securities Regulatory Commission (CSRC), Yi Huiman, is under investigation for serious violations of laws and regulations, confirming previous market rumors [1][2] - Yi Huiman was removed from his position as CSRC chairman in February 2024, which is believed to be directly related to the continuous decline of the A-share market, making him the fourth CSRC chairman to resign due to poor market performance since 2011 [1][2] - During Yi's tenure from January 2019 to February 2024, nearly 2,000 companies successfully went public, and he implemented significant reforms in the Chinese capital market, including the establishment of the Sci-Tech Innovation Board and the pilot registration system [2] Group 2 - Yi Huiman emphasized the need for a regulatory approach of "building systems, not intervening, and zero tolerance" to improve the quality of listed companies and enhance the foundational systems of the capital market [2] - Following his removal, Yi was appointed as a member of the 14th National Committee of the Chinese People's Political Consultative Conference and as the deputy director of the Economic Committee in June 2024 [2] - The recent investigation into Yi Huiman is perceived to be linked to the ongoing anti-corruption efforts within ICBC, where he worked for 34 years [2]