Former CSRC Chairman 'Shuangkai' for Disobeying Party Central, Accused of Corruption
Yi Huiman, former chairman of the China Securities Regulatory Commission (CSRC), has been expelled from the party and public office ('Shuangkai') for allegedly defying the Party Central Committee's major decisions on the capital market, allowing relatives to seek private gain, and engaging in power-for-money and power-for-sex transactions.
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- 📰 Published: April 30, 2026 at 21:22
- 🔍 Collected: April 30, 2026 at 21:31 (9 min after Published)
- 🤖 AI Analyzed: May 1, 2026 at 08:22 (10h 50m after Collected)
Central News Agency
(Central News Agency, Taipei, April 30) Yi Huiman, former chairman of the China Securities Regulatory Commission (CSRC), who was investigated and removed from office last September, was today given the "Shuangkai" (expulsion from party membership and public office) disciplinary action. He was accused of "feigning compliance while secretly opposing, and shirking responsibility" regarding the Party Central Committee's major decisions and deployments concerning the capital market, condoning relatives to seek private gain, engaging in power-for-sex and power-for-money transactions, and illegally accepting huge amounts of property in areas such as IPO approvals.
Yi Huiman took over as chairman of the China Securities Regulatory Commission in January 2019. He was dismissed in February 2024 amidst a continuous decline in the mainland stock market, and in June of the same year, he was transferred to serve as deputy director of the National Committee of the Chinese People's Political Consultative Conference's Economic Committee. On September 6, 2025, Yi Huiman was investigated for serious violations of discipline and law while in office.
The website of the Central Commission for Discipline Inspection and the National Supervisory Commission announced on the afternoon of the 30th that, after investigation, Yi Huiman lost his ideals and beliefs, betrayed his original mission, and "feigned compliance while secretly opposing, and shirking responsibility, and engaged in superstitious activities" in implementing the Party Central Committee's major decisions and deployments concerning the capital market; violated the spirit of the eight-point regulations of the Central Committee, illegally accepted gifts and money, and accepted banquets and travel arrangements that might affect the impartial execution of official duties; violated organizational principles, failed to truthfully explain problems during organizational inquiries, and sought benefits for others and accepted property in cadre selection and appointment work.
The announcement stated that Yi Huiman lost his integrity bottom line, condoned and tacitly allowed relatives to use his official powers to seek private gain, illegally engaged in profit-making activities, used his official powers or influence to seek benefits for relatives, had expenses that should have been paid by himself paid by others, and engaged in power-for-sex and power-for-money transactions.
The announcement also pointed out that Yi Huiman used his official convenience to seek benefits for others in terms of job promotion, IPO approval, and financing loans, and illegally accepted huge amounts of property.
The announcement stated that Yi Huiman seriously violated the Party's political discipline, organizational discipline, integrity discipline, and lifestyle discipline, constituted serious official violations and was suspected of bribery crimes, and did not restrain himself after the 18th National Congress of the Communist Party of China, with serious nature and bad influence, and should be dealt with severely.
The announcement pointed out that after deliberation by the Standing Committee of the Central Commission for Discipline Inspection and review by the Political Bureau of the Central Committee, it was decided to give Yi Huiman the disciplinary action of expulsion from party membership, and the National Supervisory Commission gave him the disciplinary action of expulsion from public office, terminated his qualification as a representative to the Party's 20th National Congress, confiscated his illegal gains, and transferred his suspected criminal problems to the procuratorial organs for review and prosecution according to law, and all involved property was transferred together. (Editor: Yang Sheng-ru) 1150430
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(Central News Agency, Taipei, April 30) Yi Huiman, former chairman of the China Securities Regulatory Commission (CSRC), who was investigated and removed from office last September, was today given the "Shuangkai" (expulsion from party membership and public office) disciplinary action. He was accused of "feigning compliance while secretly opposing, and shirking responsibility" regarding the Party Central Committee's major decisions and deployments concerning the capital market, condoning relatives to seek private gain, engaging in power-for-sex and power-for-money transactions, and illegally accepting huge amounts of property in areas such as IPO approvals.
Yi Huiman took over as chairman of the China Securities Regulatory Commission in January 2019. He was dismissed in February 2024 amidst a continuous decline in the mainland stock market, and in June of the same year, he was transferred to serve as deputy director of the National Committee of the Chinese People's Political Consultative Conference's Economic Committee. On September 6, 2025, Yi Huiman was investigated for serious violations of discipline and law while in office.
The website of the Central Commission for Discipline Inspection and the National Supervisory Commission announced on the afternoon of the 30th that, after investigation, Yi Huiman lost his ideals and beliefs, betrayed his original mission, and "feigned compliance while secretly opposing, and shirking responsibility, and engaged in superstitious activities" in implementing the Party Central Committee's major decisions and deployments concerning the capital market; violated the spirit of the eight-point regulations of the Central Committee, illegally accepted gifts and money, and accepted banquets and travel arrangements that might affect the impartial execution of official duties; violated organizational principles, failed to truthfully explain problems during organizational inquiries, and sought benefits for others and accepted property in cadre selection and appointment work.
The announcement stated that Yi Huiman lost his integrity bottom line, condoned and tacitly allowed relatives to use his official powers to seek private gain, illegally engaged in profit-making activities, used his official powers or influence to seek benefits for relatives, had expenses that should have been paid by himself paid by others, and engaged in power-for-sex and power-for-money transactions.
The announcement also pointed out that Yi Huiman used his official convenience to seek benefits for others in terms of job promotion, IPO approval, and financing loans, and illegally accepted huge amounts of property.
The announcement stated that Yi Huiman seriously violated the Party's political discipline, organizational discipline, integrity discipline, and lifestyle discipline, constituted serious official violations and was suspected of bribery crimes, and did not restrain himself after the 18th National Congress of the Communist Party of China, with serious nature and bad influence, and should be dealt with severely.
The announcement pointed out that after deliberation by the Standing Committee of the Central Commission for Discipline Inspection and review by the Political Bureau of the Central Committee, it was decided to give Yi Huiman the disciplinary action of expulsion from party membership, and the National Supervisory Commission gave him the disciplinary action of expulsion from public office, terminated his qualification as a representative to the Party's 20th National Congress, confiscated his illegal gains, and transferred his suspected criminal problems to the procuratorial organs for review and prosecution according to law, and all involved property was transferred together. (Editor: Yang Sheng-ru) 1150430
Choose to stand with facts, every sponsorship is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to get the latest news instantly.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.