Core Viewpoint - The investigation of Yi Huiman, former chairman of the China Securities Regulatory Commission (CSRC), highlights the ongoing issues of financial corruption and market instability in China's capital markets during his tenure [4][5][18]. Group 1: Yi Huiman's Background and Career - Yi Huiman, born in 1962, rose from a grassroots background to become the chairman of the Industrial and Commercial Bank of China (ICBC) and later the CSRC [7][8]. - He served as the chairman of the CSRC from January 2019 until his dismissal in February 2024, during which he implemented significant reforms in the capital market [11][15]. Group 2: Reforms and Market Performance - Under Yi's leadership, the CSRC introduced several reforms, including the registration system, the establishment of the Sci-Tech Innovation Board, and a normalized delisting mechanism, resulting in over 1,800 new listings in the A-share market [5][15]. - Despite these reforms, the A-share market experienced significant volatility, with the Shanghai Composite Index falling below 3,000 points 20 times during his tenure, and only a modest increase from 2,597.78 to 2,788.55 points [5][17]. Group 3: Financial Corruption and Investigations - Yi Huiman was a vocal advocate for combating financial corruption, emphasizing the need for strict oversight and accountability within the financial sector [12][13]. - His recent investigation is seen as part of a broader crackdown on corruption within the financial industry, which has seen several high-ranking officials from ICBC implicated [8][10].
易会满被查,曾执掌证监会5年
虎嗅APP·2025-09-06 13:30