From the "Iron Lady" of the issuance review to private enterprises with an annual salary of 5 million yuan, Guo Xudong, former Deputy Director of the Issuance Department of the CSRC, has been transferred for prosecution.

[Caixin] More than half a year after voluntarily surrendering, Guo Xudong, former deputy director of the Issuance Department of the China Securities Regulatory Commission (CSRC), has been transferred for review and prosecution due to serious job-related violations and suspected bribery crimes.

On the afternoon of March 27, the Central Commission for Discipline Inspection and the National Supervisory Commission announced that, with the approval of the Central Commission for Discipline Inspection and the National Supervisory Commission, the discipline inspection and supervision team stationed at the CSRC and the Supervisory Commission of Taizhou City, Zhejiang Province, have initiated an investigation into the serious job-related violations of Guo Xudong, former chairman of the Issuance Examination Committee of the CSRC, deputy director of the Issuance Supervision Department, and first-level inspector.

The investigation revealed that Guo Xudong ignored the spirit of the Central Eight Regulations, accepted banquets and received gifts and cash illegally; abandoned his duties and responsibilities by treating stock issuance review work differently and accepting equity; used regulatory authority to facilitate corporate listings and refinancing; deceived the organization upon leaving, engaged in illegal activities with regulated entities, received huge amounts of property, and provided false explanations during organizational inspections; and leveraged his official position to accept private equity fund shares; illegally received property in extraordinarily large amounts.