Former CSRC official Feng Henian under investigation as Beijing’s anti-corruption crackdown continues

Feng Henian, who is also the current chairman of Mingsheng Securities, is under investigation for ‘serious disciplinary violations’, according to the nation’s top disciplinary agency

China’s anti-corruption campaign has ensnared several top government officials in the finance sector since it was launched last October

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Feng Henian, a former CSRC official, is under investigation by China’s top disciplinary agency. Photo: Weibo

Published: 6:58pm, 10 Jun 2022

Feng Henian, a former official with China’s securities watchdog and current chairman of a major Chinese securities brokerage, has been placed under investigation by the nation’s top disciplinary agency, the latest target of Beijing’s anti-corruption crackdown on the finance sector.

“There are some serious allegations of disciplinary violations by Feng and he is currently undergoing disciplinary review and investigation,” the Central Commission for Discipline Inspection (CCDI) said in a statement on Friday afternoon.

Feng was referred to as “the former director and secretary of the party committee of the China Securities Regulatory Commission’s (CSRC) Shandong branch” instead of his current role as chairman of Minsheng Securities in the announcement.

No further details were provided. The term “serious disciplinary violations” is generally used by CCDI to describe investigations related to corruption.

China Securities Regulatory Commission’s office in Beijing. China’s sweeping disciplinary crackdown on the nation’s financial sector since October has led to the investigation and removal of some CSRC officials. Photo: Simon Song

Chinese media outlet Caixin, which first reported that Feng was under investigation on Wednesday, said that it was related to the investigation of Wang Zongcheng, Feng’s former colleague at CSRC.