The Supreme People’s Procuratorate of the CCP announced on March 31 that the investigation into Wang Jianjun, former Party Committee member and Vice Chairman of the China Securities Regulatory Commission, on suspicion of bribery has concluded, and he has been transferred to the prosecution for review and indictment. The Supreme People’s Procuratorate has made the decision to arrest Wang Jianjun on suspicion of bribery. Recently, the Weifang City Procuratorate has filed a public prosecution with the Weifang Intermediate People’s Court.
On April 30 last year, Wang Jianjun was taken down, and a month later, he was dismissed from his position. On November 3 last year, he was subjected to “double designation.”
Wang Jianjun is accused of using his positions such as Party Committee member and Deputy Director of the Yunnan Supervision Bureau of the CCP Securities Regulatory Commission, Deputy Director of the Office of the Securities Regulatory Commission, and Director of the Market Regulation Department, as well as the convenience and privileges derived from his authority or status, to seek benefits for related units and individuals through the actions of other national officials in their positions, illegally accepting property from others, with an especially huge amount, and should be held criminally responsible for the crime of bribery.
Public records show that Wang Jianjun was born in March 1968. He joined the CCP Securities Regulatory Commission in April 1997, served as Director of the Market Regulation Department of the Securities Regulatory Commission from December 2012 to July 2014, and concurrently served as Director of the Research Center of the Securities Regulatory Commission and Director of the Beijing Securities and Futures Research Institute from July 2014 to March 2015. From April 2016 to October 2021, he successively held the positions of Deputy Secretary of the Party Committee, General Manager, Secretary of the Party Committee, and Chairman of the Board of the Shenzhen Stock Exchange (Deputy Ministerial level). In October 2021, he was appointed as a Party Committee member and Vice Chairman of the CCP Securities Regulatory Commission.
The leadership of the CCP Securities Regulatory Commission has always consisted of “one chairman, four vice chairmen, and one head of the discipline inspection and supervision team.” It is worth noting that multiple former chairmen and vice chairmen of the Securities Regulatory Commission have been taken down or demoted.
On September 6 last year, Wang Jianjun’s former superior, former chairman of the Securities Regulatory Commission, Yi Huiman, was taken down.
Both of Yi Huiman’s predecessors as chairman of the Securities Regulatory Commission, Xiao Gang and Liu Shiyu, were removed from their positions or taken down during their term.
In the past decade, other officials who have been taken down include Zhang Yujun, former assistant chairman of the Securities Regulatory Commission, Yao Gang, former vice chairman of the Securities Regulatory Commission, Yang Chunlei, former full-time deputy director of the Inspection and Supervision Group Office of the Party Committee of the Securities Regulatory Commission, Wang Huimin, former head of the Inspection and Supervision Group stationed at the Securities Regulatory Commission of the Central Commission for Discipline Inspection and the National Supervision Commission, Yao Qian, former director of the Technology Supervision Department of the Securities Regulatory Commission, Li Xiaoqiang, former deputy director of the Issuance Supervision Department of the Securities Regulatory Commission, and Wu Guofang, former deputy director of the Legal Department of the Securities Regulatory Commission.
Netizens mockingly comment that the CCP Securities Regulatory Commission has become a high-risk industry.