China’s former market regulator chief to stand trial for graft

In a recent development, the former head of China's securities regulatory commission, Yi Huiman, will face trial for corruption, according to state media. This marks one more prominent official to be targeted by Beijing's extensive anti-graft campaign. The Supreme People's Procuratorate has concluded its investigation into Yi and referred the case to a court in Qingdao for trial, as reported by Xinhua, the official state news agency.

Currently under arrest, Yi is accused of abusing his positions to accept substantial bribes, secure advantages for others, and unlawfully receive property. As the chairman of the China Securities Regulatory Commission from 2019 to 2024, his term was marred by financial market instability and economic slowdown. In September 2025, anti-corruption agencies initiated his investigation.

Yi's predecessor, Yao Gang, the commission's former vice-chairman, received an 18-year prison sentence in 2018 for insider trading and corruption. China's military has also been subjected to a purge of high-ranking officials, including the nation's top general, on corruption allegations. Two former defense ministers were recently sentenced to suspended death for their corruption convictions.