Sept 6 (Reuters) - A former top Chinese securities
regulator, Yi Huiman, has been put under investigation over
suspected violations of law, China's anti-corruption watchdog
said on Saturday.
The Central Commission for Discipline Inspection said in a
brief statement on its website that Yi was being investigated
and "suspected of serious violations of discipline and law".
The statement gave no further details.
Yi, 60, was taken away by authorities last week for an
investigation, Reuters reported on Friday, citing people with
knowledge of the matter.
He could not be reached for comment.
Chinese authorities have intensified efforts to crack down
on corruption in recent years with probes of several
high-ranking officials, including senior Chinese admiral Miao
Hua.
Yi, a veteran of the Industrial and Commercial Bank of China
, which he joined as a junior loan officer in 1985,
helmed the China Securities Regulatory Commission (CSRC), which
is under the administration of China's State Council, from
January 2019 to February 2024.
He was unexpectedly ousted last year amid a selloff in
domestic stock markets that pushed the benchmark index to a
five-year low. He was replaced by the current head, Wu Qing.
Since then, Yi has been a deputy director of the economic
committee of China's top political advisory body.
Before joining ICBC, he spent six months working at the
Hangzhou city bureau of the Chinese central bank.
Yi attended two meetings of the Chinese People's Political
Consultative Conference on July 29, according to the
conference's website, his last known public appearances.
He is not the first former senior regulatory commission
official to face investigation in recent years. In April,
authorities launched a corruption probe into former Vice
Chairman Wang Jianjun, who was removed from the post the
following month.
Last November, another senior official, Wu Guofang, was also
placed under investigation on similar suspicions.