Former securities regulator chief Yi Huiman faces graft trial in Qingdao

China’s top anti-corruption authority announced that the probe into former securities regulator Yi Huiman has been completed and the matter handed to a court in Qingdao. Yi, detained pending trial, is alleged to have abused his authority as chairman of the China Securities Regulatory Commission and in previous banking posts to accept exceptionally large bribes, facilitate favors for third parties, and unlawfully acquire assets.

The indictment cites his tenure from 2019 to 2024, a time marked by market instability and a slowdown in the nation’s economy. The case is part of a sweeping anti-corruption campaign that has intensified since President Xi Jinping assumed power in 2012, affecting numerous senior officials across party, state and military ranks. Earlier, the commission’s former vice-chair Yao Gang received an 18-year sentence for insider dealing and corruption. Recent years have also seen top military leaders prosecuted for similar offenses.