CSRC Vice Chairman Under Investigation for Corruption Allegations

The Vice Chairman of the China Securities Regulatory Commission (CSRC), who led the expansion and restructuring of the so-called "Chinese Nasdaq," is now under investigation by authorities over corruption allegations.

Wang Zhenjun, Vice Chairman of the China Securities Regulatory Commission.

According to the South China Morning Post (SCMP) and other sources on May 3, the Central Commission for Discipline Inspection of the Communist Party of China announced on April 30 that Wang Zhenjun, Vice Chairman of the CSRC, is under investigation for serious violations of discipline and law.

In China, authorities typically use terms such as "violations of discipline and law" when investigating high-ranking officials for corruption and similar charges.

Born in 1968 in Langzhong, Sichuan Province, Vice Chairman Wang has worked at the CSRC, China's stock market regulatory body, for nearly 30 years, holding a variety of key positions.

In April 2016, he was appointed Deputy Party Secretary of the Shenzhen Stock Exchange. In March 2020, he became Party Secretary and Chairman of the Shenzhen Stock Exchange, and in October 2021, he was promoted to Vice Chairman of the CSRC.