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🇻🇳 Vietnam /Crime & Justice

Former Chinese securities regulator vice chairman sentenced to life for bribery

From Tuổi Trẻ · () Vietnamese

Translated from Vietnamese 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.
  • The court said Wang used his positions from 2005 to 2019 to benefit organizations and individuals in areas including company listings, fundraising and contract awards.
  • Wang admitted his crimes and expressed remorse, while China continues an anti-corruption campaign targeting banking and finance.

Wang Jianjun, a former vice chairman of China’s securities regulator, has been sentenced to life in prison after accepting money and assets worth nearly $14 million, according to a court in Shandong province.

The court said Wang used his position between 2005 and 2019 to help organizations and individuals with company listings, corporate fundraising and the awarding of contracts. He accepted the benefits either directly or through third parties.

The value of the bribes exceeded 93.4 million yuan, or about $13.9 million, the court said. Wang admitted the criminal conduct during the trial and expressed regret.

Wang, 58, served as vice chairman of the China Securities Regulatory Commission from 2021 to 2025. The commission oversees China’s financial markets, including stock and bond trading and the listing of companies.

The sentence comes as China presses an anti-corruption campaign across several sectors, including banking and finance.

About this summary

Originally published by Tuổi Trẻ in Vietnamese. 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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