AsianFin -- Yi Huiman, the former chief of China’s securities watchdog, is under investigation for alleged disciplinary violations, marking the latest development in Beijing’s sweeping anti-corruption drive that has reached deep into the financial sector.

Yi, who led the China Securities Regulatory Commission (CSRC) from January 2019 until February 2024, has been detained by the Communist Party’s Central Commission for Discipline Inspection (CCDI). The watchdog cited “serious disciplinary breaches” but provided no further details on the nature of the probe.

The investigation underscores the Chinese government’s ongoing efforts to tighten scrutiny over financial institutions, extending its long-running anti-graft campaign from banking into capital markets.