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🇵🇾 Paraguay /Crime & Justice

China sentences former securities regulator vice-chairman to life in prison for bribery

From ABC Color · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire From a news agency Outcome reported
  • A court in Shandong sentenced former China Securities Regulatory Commission vice-chairman Wang Jianjun to life in prison for bribery.
  • Prosecutors said he accepted more than 93.4 million yuan, about $14 million, to benefit companies and individuals in listings, financing and contract awards.
  • The case comes during President Xi Jinping’s long-running anti-corruption campaign, which has targeted officials across government and state industries.

A Chinese court has sentenced former securities regulator vice-chairman Wang Jianjun to life in prison after finding him guilty of accepting more than 93.4 million yuan, or about $14 million, in bribes.

The Intermediate People’s Court in Weifang, in eastern Shandong province, said Wang took the money in exchange for helping companies and individuals with initial public offerings, corporate financing and contract awards, state news agency Xinhua reported. The court found that he used various positions at the securities regulator between 2005 and September 2019 to benefit third parties.

Especially large

· Weifang Intermediate People’s CourtThe court’s description of the scale of the bribes.

The judgment described the bribe amount as “especially large” and said Wang’s actions caused “especially serious losses” to the interests of the state and the public. The court also considered mitigating factors, including his confession, his disclosure of previously unknown facts, his guilty plea and his expression of remorse.

Especially serious losses

· Weifang Intermediate People’s CourtThe court’s assessment of the harm caused to the state and the public.

Wang, 57, served as vice-chairman of the China Securities Regulatory Commission from 2021. He previously headed the Shenzhen Stock Exchange, where he promoted a 2020 reform of the technology-focused ChiNext index. The ruling follows his expulsion from the Communist Party in November 2025, when the party accused him of accepting large sums of money and valuables, interfering improperly in listing and financing processes, and using his influence to benefit relatives.

The sentence comes amid Xi Jinping’s anti-corruption campaign, launched after he took power in 2012. The campaign has reached officials at every level, including provincial leaders, senior military officers and executives at major state-owned conglomerates. China’s top disciplinary body called on Aug. 22 for the campaign to intensify and for political oversight to be strengthened. Beijing presents the effort as a way to enforce party discipline and fight what Xi has called the party’s “greatest threat,” while some observers say it can also remove certain figures from political life.

The greatest threat

· Xi JinpingThe phrase used by Xi to describe corruption’s threat to the Communist Party.
About this summary

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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