(China, 13th) After the official announcement that Li Xiaoqiang, former Deputy Director of the Issuance Regulatory Department of the China Securities Regulatory Commission (CSRC), was under investigation, it was officially reported that Li Xiaoqiang has been expelled from the Communist Party of China. He was cited for illegally holding shares in unlisted companies, and for acting without restraint even after leaving the CSRC. He is considered a typical example of "revolving door" corruption between government and business.
The website of the Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission reported on Saturday evening (July 12th) that the discipline inspection team of the CCDI and the National Supervisory Commission stationed at the CSRC, together with the Suzhou Municipal Commission for Discipline Inspection and Supervision in Jiangsu Province, had conducted disciplinary review and supervisory investigation into Li Xiaoqiang’s serious violations of discipline and law.
Li Xiaoqiang was accused of distorted ideals and beliefs, and of being corrupted at heart. He used regulatory public power to seek personal gain and seriously undermined the order of the capital market. He was disloyal and dishonest to the Party, colluded with others to resist organizational investigation, engaged in feudal superstitious activities; illegally accepted gifts and gift cards, illicitly accepted banquets, for a long time took free car rides provided by subjects of management and service, and had expenses that should have been borne by himself paid by others.
Li Xiaoqiang was also accused of crossing the bottom line of integrity, illegally holding shares in unlisted companies, and, for a long period, using others’ accounts to illegally trade stocks. Under the guise of "business consulting" and "investment shareholding," he illegally accepted large amounts of property.
Public information shows that Li Xiaoqiang is 54 years old this year, and served as section member, deputy director, and director of the Accounting Department of the CSRC. In September 2011, he was appointed deputy director of the CSRC Shanghai Bureau; in September 2012, deputy director of the CSRC Accounting Department; in November 2016, deputy director of the CSRC Issuance Department; and in January 2018, general manager of China Internet Investment Fund Management Co., Ltd. Li Xiaoqiang was officially announced to be under investigation in November 2024.
According to Sina Finance, Li Xiaoqiang has left the CSRC system for some time. After departing the CSRC system, Li Xiaoqiang joined a national investment institution. In February 2018, he was transferred to the newly established China Internet Investment Fund Management Co., Ltd., serving as its general manager.
The website of the Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission reported on Saturday evening (July 12th) that the discipline inspection team of the CCDI and the National Supervisory Commission stationed at the CSRC, together with the Suzhou Municipal Commission for Discipline Inspection and Supervision in Jiangsu Province, had conducted disciplinary review and supervisory investigation into Li Xiaoqiang’s serious violations of discipline and law.
Li Xiaoqiang was accused of distorted ideals and beliefs, and of being corrupted at heart. He used regulatory public power to seek personal gain and seriously undermined the order of the capital market. He was disloyal and dishonest to the Party, colluded with others to resist organizational investigation, engaged in feudal superstitious activities; illegally accepted gifts and gift cards, illicitly accepted banquets, for a long time took free car rides provided by subjects of management and service, and had expenses that should have been borne by himself paid by others.
Li Xiaoqiang was also accused of crossing the bottom line of integrity, illegally holding shares in unlisted companies, and, for a long period, using others’ accounts to illegally trade stocks. Under the guise of "business consulting" and "investment shareholding," he illegally accepted large amounts of property.
Public information shows that Li Xiaoqiang is 54 years old this year, and served as section member, deputy director, and director of the Accounting Department of the CSRC. In September 2011, he was appointed deputy director of the CSRC Shanghai Bureau; in September 2012, deputy director of the CSRC Accounting Department; in November 2016, deputy director of the CSRC Issuance Department; and in January 2018, general manager of China Internet Investment Fund Management Co., Ltd. Li Xiaoqiang was officially announced to be under investigation in November 2024.
According to Sina Finance, Li Xiaoqiang has left the CSRC system for some time. After departing the CSRC system, Li Xiaoqiang joined a national investment institution. In February 2018, he was transferred to the newly established China Internet Investment Fund Management Co., Ltd., serving as its general manager.