ICBC(SH:601398) Jing Ji Guan Cha Wang·2025-09-06 04:22Core Viewpoint - Yi Huiman, the former chairman of the China Securities Regulatory Commission (CSRC), is under investigation for serious violations of discipline and law, marking a significant event in the Chinese financial regulatory landscape [2][4]. Group 1: Background of Yi Huiman - Yi Huiman was born in December 1964 in Cangnan, Zhejiang, and has held various significant positions in the banking sector, including chairman of the Industrial and Commercial Bank of China (ICBC) and chairman of the CSRC [4][5]. - He served as the CSRC chairman from January 26, 2019, to February 6, 2024, during which he oversaw major reforms in the capital market, including the establishment of the Sci-Tech Innovation Board and the implementation of the registration system [5][6]. Group 2: Capital Market Reforms - Under Yi's leadership, the Shanghai Composite Index rose from 2,601.72 points to a peak of 3,715.37 points, reflecting a 24.52% increase shortly after he took office [5]. - The establishment of the Sci-Tech Innovation Board on July 22, 2019, marked a significant reform, allowing technology companies greater access to capital markets [6]. - The comprehensive implementation of the registration system in A-shares on February 17, 2023, was a milestone in the reform process [6]. Group 3: Recent Developments and Investigations - Following Yi's departure from the CSRC, several former colleagues from ICBC have been investigated for corruption, indicating a broader scrutiny of the banking and regulatory sectors [8][11]. - The investigation into Yi Huiman comes amid a backdrop of increased regulatory actions against former officials in both the banking and securities sectors, highlighting ongoing efforts to address corruption [12][13].