The financial vice governor who almost faced the death penalty implicated Yi Hui.

On September 6, 2025, a notice from the Central Commission for Discipline Inspection shocked the market: Yi Huiman, former chairman of the China Securities Regulatory Commission (CSRC) and a ministerial-level official, was investigated.

The financial circle was in an uproar, and retail investors were stunned.

The man who controlled the gate of the A-share market and was criticized for five years finally "got into trouble."

But what was even more shocking was a long-rumored statement behind the news—

"He wasn’t suddenly investigated; he was implicated."

This "financial big tiger" was reportedly implicated by a former financial vice governor of Zhejiang who almost faced the death penalty—Zhu Congjiu.

Just a few months ago, Zhu Congjiu stood in court, facing a standard case of "accepting bribes exceeding 100 million yuan, starting with the death penalty." But in the end, he received a life sentence" for meritorious service—what bought him this "life" was not a letter of repentance but a list of confessions.

This list seemed to open Pandora’s box:

The heads of six major banks’ Zhejiang branches were investigated one after another;

Dozens of platform funds, private equity firms, and brokerages were involved;

Senior executives of CICC Capital "collectively disappeared";

Even the top figure in the CSRC system couldn’t escape.

You might think this is just another corrupt official falling,

But in reality, this is the deepest "bloodletting surgery" in the financial system.

They didn’t just embezzle money; they turned finance into their personal ATM, turned rules into games, and turned platforms into casinos.

And you, me, and all of us are the chips being bet on in this game.