China’s New Anti-Corruption Move Hits Top Finance Official

A high‑ranking Chinese finance regulator, Fang Xinghai, is now under investigation by the country’s anti‑corruption agency. The probe comes as Beijing intensifies its fight against corruption across the financial sector.

• Position & Tenure
• Vice Chairman of China’s Securities Regulatory Commission (CSRC) from 2015 to 2024
• Background
• PhD in economics from Stanford University
• Former World Bank employee in Washington, D.C.
• Key Contributions
• Expanded China’s stock and bond markets to foreign investors
• Introduced numerous new derivative products

The anti‑graft watchdog has alleged that Fang is suspected of “serious violations of discipline and law,” a phrase typically associated with corruption. No details have been released, and Fang could not be reached for comment.

This case adds to a growing list of senior finance officials under scrutiny. Earlier investigations targeted:

• Yi Huiman, former CSRC chair
• Zhou Liang, former deputy chief of the National Financial Regulatory Administration

The ongoing campaign reflects Beijing’s aim to tighten central control over financial oversight and eliminate corruption.