China Probes Former Chair of Securities Regulator Yi, CCTV Says

According to state publisher CCTV, China is investigating Huiman, the former former regulator of the former securities.

CCTV said on Saturday that 60 -year -old Yi was suspected of serious violations of discipline and law. Reuters reported the investigation on Friday and referred to people on the subject.

In February last year, he resigned as the President of the Chinese Securities Regulation Commission, and a former close colleague of Premier Li Qiang came to his replacement. Authorities, the authorities of the 2021 summits of the Chinese markets of about 5 trillion dollars deleted a stock selling for the sale of a stock. Markets improved this year.

Former banker, who has directed the best regulator until January 2019, is joining a long financial official and managers list of President Xi Jinping’s pressure on corruption. Even after demanding the first victory in mid -2012, Xi promised to deepen the efforts in the sectors from finance to energy and to show “no compassion” in the fight.

Before becoming a regulator, most of his career is the country’s largest lending, including China Ltd., including serving as president from 2016 to 2019.

The ICBC has become the focal point of printing. In February, China sentenced the lender to the former president of the lender, Zhang Hongli, a death sentence for bribery. Zhang’s time in ICBC between 2010-2018 coincided with Cong Lin, a former chairman of China Everbright Group, who was partly sentenced to 15 years in prison in March, and the former ruler of China Renaissance Holding Ltd.

It has never been an easy task to supervise the securities regulator, especially when it came with the task of stabilizing the stock markets. It took over the reign as the CSRC chief after the country’s stocks collapsed into a bear market. Later, the market gathered more than 80% in the next two years, and before remaining in office, most of them earn.

Since the beginning of 2016, Salafi Liu Shiyu, who was chaired by CSRC, was destroyed and punished for violations months after leaving work.

This article was created from an automatic news agency feeding without changing the text.