Yao Gang (; born May 1962) is a

Chinese Chinese may refer to: * Something related to China * Chinese people, people identified with China, through nationality, citizenship, and/or ethnicity **Han Chinese, East Asian ethnic group native to China. **'' Zhonghua minzu'', the supra-ethnic ...

executive who served as one of four vice-chairmen at the

China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) is a government agency directly under the State Council of the People's Republic of China. It is the main regulator of the securities industry in China. History Indicative of the role of the C ...

(CSRC), China's top security regulator. He was investigated by the

Chinese Communist Party The Communist Party of China (CPC), also translated into English as Chinese Communist Party (CCP), is the founding and One-party state, sole ruling party of the People's Republic of China (PRC). Founded in 1921, the CCP emerged victorious in the ...

's anti-graft agency in November 2015, after a stock market rout rocked global markets. Yao's downfall marked the widened government crackdown on corruption in the financial industry. Zhang Yujun (), former assistant chairman of the CSRC, was placed under investigation in the end of 2015. Yao is the highest-ranked securities official from the financial industry under investigation since

General Secretary of the Chinese Communist Party The general secretary of the Central Committee of the Chinese Communist Party ( zh, s=中国共产党中央委员会总书记, p=Zhōngguó Gòngchǎndǎng Zhōngyāng Wěiyuánhuì Zǒngshūjì) is the leader of the Chinese Communist Part ...

Xi Jinping Xi Jinping, pronounced (born 15 June 1953) is a Chinese politician who has been the general secretary of the Chinese Communist Party (CCP) and Chairman of the Central Military Commission (China), chairman of the Central Military Commission ...

started his ongoing anti-corruption drive when he took power in the

18th National Congress of the Chinese Communist Party The 18th National Congress of the Chinese Communist Party was held November 8–14, 2012 at the Great Hall of the People. Due to term limits and age restrictions, seven of the nine members of the powerful Politburo Standing Committee (PSC) retir ...

Biography

Yao Gang was born in

Wenshui County Wenshui County () is a county in the west-central part of Shanxi Province, China. It is under the administration of the prefecture-level city of Lüliang. This county was the ancestral home of Wu Zetian Wu Zetian (624 – 16 December 705 ...

Shanxi Shanxi; Chinese postal romanization, formerly romanised as Shansi is a Provinces of China, province in North China. Its capital and largest city of the province is Taiyuan, while its next most populated prefecture-level cities are Changzhi a ...

, in May 1962. From 1993 onwards, he successively served as deputy director and director of

's Department of Futures Supervision. He was general manager, deputy party chief and vice-chairman o
Guotai Jun'an Securities
in 1999. Three years later he was transferred back to China Securities Regulatory Commission as its director of the Department of Supervision. In 2008 he was promoted to vice-chairmen of the China Securities Regulatory Commission. On November 13, 2015, a one sentence statement issued by the ruling Communist Party's corruption watchdog body, the

Central Commission for Discipline Inspection The Central Commission for Discipline Inspection (CCDI) is the highest supervisory organ of the Chinese Communist Party (CCP). The CCDI is elected and supervised by the National Congress of the Chinese Communist Party, CCP National Congress. ...

(CCDI), said that "Yao Gang was suspected of serious violations of discipline." On September 28, 2018, Yao was sentenced to 18 years in prison and fined 11 million yuan for taking bribes worth 69.61 million yuan and illegally making 2.1 million yuan of gains from insider trading by the Intermediate People's Court in Handan.

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{{DEFAULTSORT:Yao, Gang 1962 births Politicians from Lüliang Living people People's Republic of China politicians from Shanxi Chinese Communist Party politicians from Shanxi Expelled members of the Chinese Communist Party