ICBC(SH:601398) 水皮More·2025-09-06 04:51Core Viewpoint - The article discusses the investigation of Yi Huiman, the former chairman of the China Securities Regulatory Commission (CSRC), for corruption, highlighting the implications of his tenure and the performance of the Chinese stock market during that period [1][2][3]. Summary by Sections Investigation of Yi Huiman - Yi Huiman is under investigation for corruption, specifically regarding whether his relatives gained improper benefits during his time as CSRC chairman [1][2]. - He was unexpectedly removed from his position in February of the previous year amid a significant drop in the Chinese stock market, with the benchmark index hitting a five-year low [2][3]. Background of Yi Huiman - Yi Huiman has a long career in the banking sector, having worked for the Industrial and Commercial Bank of China (ICBC) for 35 years before becoming the CSRC chairman in January 2019 [3][6]. - His educational background is considered modest, starting from a vocational school, but he later pursued further studies at prestigious universities [4][5][7]. Performance of CSRC Chairmen - The article provides a comparative analysis of the performance of the nine CSRC chairmen over the past 30 years, detailing the number of IPOs and total financing amounts during their tenures [12]. - Yi Huiman's tenure saw 1,848 IPOs with a total financing amount of 21,793 billion, which is nearly equal to the total financing of the previous eight chairmen combined [12]. - Despite the high number of IPOs, the stock index remained around 3,000 points, with 20 instances of it falling below that level, indicating a challenging environment for retail investors [13].