The disciplinary inspection group stationed at the China Securities Regulatory Commission, working with the Suzhou City disciplinary and supervisory authorities in Jiangsu and with approval from the Central Commission for Discipline Inspection and National Supervisory Commission, concluded a disciplinary review and supervisory investigation into Li Xiaoqiang, former deputy director of the CSRC’s Issuance Supervision Department. The outcome includes expulsion from the Communist Party, confiscation of illegal gains, and referral of suspected criminal offences to prosecutors for review and prosecution. Investigators found that Li abused regulatory power for personal benefit and seriously disrupted capital market order, including continuing improper dealings after leaving the CSRC in what was described as a “revolving door” corruption case. The findings cite obstruction of organisational review, acceptance of gifts, prepaid cards and banquets in breach of the eight-point rules, long-term use of free chauffeured vehicles and third-party payment of personal expenses, failure to report personal matters, improper holding of shares in unlisted companies, and illegal stock trading through others’ accounts. He was also accused of illegally receiving property in a “huge amount” under the guise of “business consulting” and “investment shareholding”, constituting serious duty-related violations and suspected bribery. The Suzhou supervisory authority will transfer the suspected criminal case and related assets to the procuratorate for examination and prosecution.
China Securities Regulatory Commission 2025-07-12
China Securities Regulatory Commission disciplinary inspectors expel former issuance supervision deputy director Li Xiaoqiang and transfer suspected bribery case to prosecutors
The China Securities Regulatory Commission and Suzhou City authorities concluded a disciplinary investigation into Li Xiaoqiang, former deputy director of the CSRC’s Issuance Supervision Department. Li was expelled from the Communist Party, had illegal gains confiscated, and faces prosecution for abusing regulatory power and engaging in corrupt practices, including illegal stock trading and accepting bribes. The case will be transferred to the procuratorate for further examination and prosecution.