China is achieving former stock market organizer Yi Huiman due to disciplinary violations

Liu Shiyu, former Chairman of the China Securities Organization Committee (CSRC), during a press conference on March 12, 2016. Liu was removed from the job in 2019. Photo: Reuters Alt = Liu Shiyu, former head of the Chinese Securities Organizational Unit (CSRC), during a news conference on March 12.

“CSRC is more than just securities monitoring in China because it has long been responsible for protecting the interests of young investors who have placed their life savings in the stock market,” said Ding Heving, a consultant at the safety of the financial consulting company in Shanghai. “Yi’s removal showed that he was not eligible for this position.”

Yi, 61, in December, has been a consultative role in the government since he stepped as a regulator last year. He was the deputy director of the Economic Committee of the Political Consultative Conference of the Chinese people in Beijing, a government advisory body.

Before seizing the higher financial organizational function From LiuYi was a professional banker. He made his way in ranks Industrial and commercial bank in China For three decades before he rose to the president of the largest bank in the world through assets in 2013.

An open -air electronic screen on the pedestrian bridge in Logiazi with closing prices for the Shanghai index composite and an indicator of the Shenzhen component on August 18, 2025, in Shanghai. Photo: Getty Images Alt = Outdoor Electronic Screen on the Lujiazui infantry bridge with Shanghai Composite closing prices and Shenzhen component indicator on August 18, 2025, in Shanghai. Photo: Getty Images>

Yi’s duration coincided with CSRC president with Covid-19 and Chinese zero zero rooms, which sent the economy to a tail. The collection of donations and investments by the investment funds entered into a deep freezing, while sales of land stocks slowed to Shanghai and Shanzhen.

During the five -year Yi period, the Shanghai Composite Index increased by 9 percent, leaving a 87 percent jump on the Dow Jones and jumping 103 percent in the S&P 500 index.

His greatest achievement was the CSRC reform of the China process in favor Initial public offers (Writings) in the so -called Registration process This is the responsibility of companies to reveal their financial resources. However, the blame for reform, which is simple to agree and was more compatible with global practices, was dumping capital markets with an abundance of new stocks.

The former president also led the creation of the stars market, which is China’s answer to the Nasdaq Stock Exchange, on the Shanghai Stock Exchange in June 2019, just seven months later Prepare By President Xi.

Yi formulated the citizens of Wenzhou in the Tshajiang Province in East China, the term “evaluation with Chinese characteristics”, which called for investing in the institutions owned by the public that are generally circulated and that are usually traded at reduced prices.

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