The former director of the Issuance Review Committee and deputy director of the Issuance Supervision Department of the China Securities Regulatory Commission, Guo Xudong, has been investigated after voluntarily surrendering. She has served as a member of the issuance review committee for five terms.
On October 10th, the official website of the Central Commission for Discipline Inspection of the Communist Party of China and the National Supervisory Commission announced that Guo Xudong, former director of the Issuance Review Committee and deputy director of the Issuance Supervision Department, a first-level inspector, is suspected of serious violations of duty and voluntarily surrendered. She is currently under investigation by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at the China Securities Regulatory Commission and the supervisory commission of Taizhou City, Zhejiang Province.
Public information shows that Guo Xudong previously worked at a Chinese accounting firm in an auditing role before joining the China Securities Regulatory Commission in 1998, where she has worked for over 20 years. She has served as the director of the Accountants Supervision Department, responsible for the qualification and supervision of accounting firms, evaluation agencies, and intermediary institutions such as land agencies. She has also served as an expert consultant for the Ministry of Finance’s Accounting Standards Review Committee and a member of the Independent Audit Standards Working Group.
Guo Xudong has been a member of the issuance review committee for five terms, including the ninth, tenth, eleventh, seventeenth, and eighteenth terms of the issuance review committee. In the seventeenth and eighteenth terms, she was ranked first on the official list of the issuance review committee.
In 2019, news of Guo Xudong’s resignation circulated. In July 2020, the China Securities Regulatory Commission announced her removal from the eighteenth term of the issuance review committee.
According to reports from mainland media, in 2021, Guo Xudong joined the Contemporary Group and assumed the position of vice-chairman. The official website indicates that the Contemporary Group was established in July 1988 and is a privately-owned high-tech group company registered in the Donghu New Technology Development Zone in Wuhan, with a registered capital of 5.5 billion yuan.
In recent years, there have been numerous officials in the issuance supervision field of the China Securities Regulatory Commission who have been investigated or disciplined, some notable instances include:
– In June 2018, Li Zhiling, former deputy director of the Issuance Supervision Department of the China Securities Regulatory Commission, was sentenced to life imprisonment for bribery.
– In December 2021, Cao Jian, a member of the twelfth, thirteenth, and sixteenth main board issuance review committees of the China Securities Regulatory Commission and former deputy director of the Shanghai Stock Exchange’s STAR Market Listing Review Center, was expelled from the party and transferred to judicial authorities.
– In April 2022, Zeng Changhong, former first-level inspector of the Investor Protection Bureau of the China Securities Regulatory Commission (equivalent to bureau chief level), was expelled from the party and transferred to judicial authorities.
– In July 2025, Wu Guofang, former deputy director of the legal department and a member of the first, second, and third GEM issuance review committees of the China Securities Regulatory Commission, was expelled from the party and transferred to judicial authorities.
Several other officials have faced disciplinary action or legal consequences over the years, including cases involving significant sums of money found during investigations at their residences.