Prosecutors said Gu Guoming took advantage of his position to help others obtain loans and project contracts, and illegally received bribes worth over 136 million yuan.
July 8, 2020The 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, 2019Chinese investigators are said to be targeting Liu's affiliates for suspicious dealings involving investments in high yield wealth management products provided by ICBC Shanghai.
July 17, 2019Liu Shiyu, the former head of the CSRC who was replaced in January, is now under investigation in a corruption probe.
May 20, 2019In an unexpected reshuffle, ICBC chairman Yi Huiman has replaced Liu Shiyu as head of the China Securities Regulatory Commission.
January 28, 2019The PBOC, CBIRC and CSRC issued statements announcing new measures to support China's market after equities fell to their lowest levels since May 2014.
October 22, 2018