Yi Huiman, former Chairman of the China Securities Regulatory Commission (CSRC) and Chairman of ICBC, has been expelled from the Party and removed from public office. He is now under investigation for alleged bribery and has been handed over for judicial prosecution. Here’s the full IPO data during Yi Huiman’s tenure (Jan 2019 – Feb 2024, a total of 5 years and 1 month): 1. Total IPOs: 1,908 new listings 2. Total funds raised: ¥2.22 trillion 3. Shocking comparisons: • The number of IPOs and funds raised far exceed the combined total of the previous 8 CSRC chairmen. • IPO fundraising during his tenure accounted for 41.6% of the total IPO fundraising in A-share history (32 years). • On average, 1 new stock was listed every day, earning him the nickname "King of IPOs" in the market. Year-by-year breakdown: • 2019: 203 IPOs • 2020: 435 IPOs • 2021: 524 IPOs (all-time high) • 2022: 428 IPOs • 2023: 313 IPOs • 2024 (before stepping down): A small number Key contrast: - Shanghai Composite Index at the start of his term: 2,597 points - Shanghai Composite Index at the end of his term: 2,788 points In 5 years, the index rose less than 200 points, yet nearly 2,000 new stocks were issued. During his tenure, the index fell below 3,000 points 20 times, shareholders saw net reductions of over ¥2.27 trillion, and only 151 companies were delisted—less than one-tenth of the IPOs.