Former China Securities Regulatory Commission Vice Chairman Fang Xinghai is under disciplinary and supervisory investigation, according to CCTV News. The report said Fang, a former Communist Party committee member and vice chairman of the China Securities Regulatory Commission, is suspected of serious violations of discipline and law. Fang was appointed vice chairman and Party committee member of the commission in October 2015. On July 30, 2024, the State Council removed him from his post as vice chairman, while the Central Organization Department also removed him from his Party committee role. The position was taken over by Li Ming. The update was cited by BlockBeats in a July 24 brief.
Former China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai is under disciplinary and supervisory investigation, according to CCTV News.
A July 24 brief cited by BlockBeats said Fang, the CSRC’s former Communist Party committee member and vice chairman, is suspected of serious violations of discipline and law. He is currently undergoing a disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Commission of Supervision.
Public information in the report showed that Fang was appointed CSRC vice chairman and Party committee member in October 2015. On July 30, 2024, the State Council decided to remove him from the vice chairman post, and the Central Organization Department removed him from his Party committee position at the same time. Li Ming succeeded him.
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