Nan Fang Du Shi Bao·2025-09-06 04:55Core Viewpoint - Yi Huiman, the Vice Chairman of the Economic Committee of the 14th National Committee of the Chinese People's Political Consultative Conference, is under investigation for serious violations of discipline and law by the Central Commission for Discipline Inspection and the National Supervisory Commission [1]. Group 1: Career Background - Yi Huiman has over 30 years of experience within the Industrial and Commercial Bank of China (ICBC), starting his career at the People's Bank of China in Hangzhou before joining ICBC in January 1985 [3]. - Throughout his tenure at ICBC, Yi held various positions, including Deputy Director of the Planning Department, Vice President of the Hangzhou Branch, and eventually President and Party Secretary of ICBC [3]. - In January 2019, Yi transitioned to the China Securities Regulatory Commission (CSRC) as Party Secretary and Chairman, with his term set to end in February 2024 [4]. Group 2: Regulatory Impact - During his leadership at the CSRC, Yi emphasized the challenges of transitioning from market participant to regulator, describing his experience as "walking on thin ice" [4]. - Yi was instrumental in implementing reforms in China's capital markets, notably the full registration system for A-shares, which began with the launch of the Sci-Tech Innovation Board in July 2019 and the ChiNext reform in August 2020 [4]. - Under Yi's tenure, the number of new A-share listings exceeded 1,900, approaching 2,000, significantly contributing to the expansion of the A-share market [4]. Group 3: Market Performance - The A-share market experienced a "rise and fall" trend during Yi's leadership at the CSRC, with the Shanghai Composite Index increasing by 8.76%, the Shenzhen Component Index by 14.65%, and the ChiNext Index by 34.89% from January 26, 2019, to February 7, 2024 [5]. - In contrast, the Sci-Tech 50 Index saw a decline of 25.66% during the same period, indicating varied performance across different market segments [5].