Wang Jianjun, the former vice-chairman of China’s Securities Regulatory Commission (CSRC), has been formally indicted on bribery charges following a comprehensive investigation by the National Commission of Supervision. The Supreme People’s Procuratorate announced the development, marking a significant escalation in China’s ongoing anti-corruption campaign within its financial regulatory system.
According to judicial authorities, the case has been transferred to the People’s Procuratorate of Weifang in Shandong province for examination and prosecution. The Weifang Intermediate People’s Court will adjudicate the matter through a public prosecution process.
Prosecutors allege that Wang exploited his influential positions spanning multiple CSRC departments—including his roles as deputy director of the Yunnan office, deputy director of the general office, and director of the market supervision department—to provide unlawful advantages to various entities and individuals. The indictment further specifies that Wang leveraged his authority and coordinated with other state functionaries to secure benefits for third parties, accepting substantial monetary bribes and valuable assets in return. Judicial authorities characterized the involved amount as ‘especially huge,’ warranting criminal liability for bribery.
Wang’s professional trajectory reveals a decades-long career in securities regulation. The 58-year-old Sichuan native began his service in 1991, joined the Communist Party of China in 1994, and ascended through key regulatory positions. His career included leadership roles as general manager of the Shenzhen Stock Exchange and secretary of its Party committee before his appointment as CSRC vice-chairman from October 2021 to May 2025.
His downfall commenced in April 2025 when he was placed under investigation while still holding office. Subsequent disciplinary actions saw his removal from post in May 2025 and expulsion from the Communist Party in November 2025, culminating in the current criminal proceedings.