Core 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 [1] Group 1: Background Information - Yi Huiman was born in December 1964 in Cangnan, Zhejiang, and has a long career at the Industrial and Commercial Bank of China (ICBC), serving as Vice President in 2008 and President in 2013 [2] - He became the Chairman and Party Secretary of ICBC in May 2016 and later served as the Chairman and Party Secretary of the China Securities Regulatory Commission (CSRC) from January 2019 until his removal in February 2024 [2] Group 2: Performance and Market Impact - During Yi Huiman's five-year tenure at the CSRC, approximately 1,700 new companies were listed on the A-share market, despite the Shanghai Composite Index experiencing fluctuations, including about 20 instances of closing below 3,000 points [3][5] - Significant reforms were implemented in the Chinese capital market, including the launch of the Sci-Tech Innovation Board in July 2019, the establishment of the Beijing Stock Exchange in November 2021, and the full implementation of the registration system in February 2023 [3] Group 3: Market Stability and Challenges - Yi Huiman acknowledged the challenges of his role, likening it to a "volcano" due to the market's impact on millions of investors [4] - He emphasized the importance of maintaining market stability and proposed measures to monitor trading behaviors and fund flows, as well as to combat fraudulent activities in the capital market [4]