Convicted on bribery, embezzlement and bigamy charges, Lai Xiaomin will also be deprived of all political rights for life and have all of his personal property confiscated.
January 6, 2021China's anti-graft watchdog is looking into whether wild swings may have been caused by insider trading or manipulation involving exchange officials.
September 14, 2020Lai Xiaomin took almost 1.8bn yuan in bribes over ten years and colluded with others to embezzle over 25mn yuan in public funds. His sentence will be announced at a later date.
August 14, 2020Xu Tie was placed under investigation earlier this year, 6 years after his retirement from the Shandong bureau of the CSRC.
December 10, 2019Gu Guoming was reportedly found to have been involved in ‘serious corruption’, taking “an extremely large amount” of bribes and using his position to seek benefits for friends and relatives.
November 21, 2019Authorities were forced to step in after depositors rushed to withdraw their savings from Yichuan Bank amid rumours that the bank was insolvent and a corruption probe into the bank's former chairman.
November 4, 2019The current and former Shanghai chiefs of Ping An Bank and the Suzhou branch head of China Guangfa Bank are assisting in an anti-graft probe linked to former CSRC chairman Liu Shiyu.
October 23, 2019Liu Shiyu has been removed from his government post and had his illegal gains confiscated, but he will remain a member of the CCP due to his cooperation in the probe.
October 7, 2019The bank's former chairman is said to have channelled bribes to a party official from the now-missing former chairman of a conglomerate, CEFC China Energy.
August 1, 2019China's Central Commission for Discipline Inspection has reportedly opened a corruption probe into the CBIRC's Fujian branch head, Qi Xinzheng.
July 30, 2019