Yang Jiaohong, former director of the issuance supervision department of the China Securities Regulatory Commission, has been expelled from the party.

Recently, with the approval of the Central Commission for Discipline Inspection and the National Supervision Commission, the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervision Commission stationed at the China Securities Regulatory Commission and the Suqian City Discipline Inspection Commission in Jiangsu Province conducted disciplinary reviews and supervision investigations on Yang Jiaohong, former director of the Issuance Supervision Department of the China Securities Regulatory Commission, for serious violations of discipline and laws. It was found that Yang Jiaohong had lost his ideal and belief, and deviated from his original mission. During his term of office, he took advantage of his position to subscribe to the original shares of a company planned to go public, even after leaving his position, using the convenience of his previous position or status. He engaged in "escape-style resignation" corruption. He was disloyal and dishonest to the Party, evaded organizational review through means such as "strawman" and "shadow shareholders", colluded with others, destroyed and concealed evidence, and resisted organizational review. He violated the spirit of the Central Eight-point Regulation, illegally accepted gifts and consumption cards, and lost the bottom line of integrity by subscribing to the original shares of a company planned to go public in a way of "sudden stock purchase" to obtain huge illegal benefits. Yang Jiaohong seriously violated the Party's political discipline, the spirit of the Central Eight-point Regulation, and integrity discipline, constituted serious violations of duty, and is suspected of bribery crimes. He did not restrain himself or stop after the 18th and 19th Party Congresses of the Party, with a serious nature and harmful impact, and should be severely dealt with. In accordance with relevant regulations such as the "Disciplinary Measures of the Communist Party of China" and the "Supervision Law of the People's Republic of China", after deliberation by the Party Committee of the China Securities Regulatory Commission, it was decided to expel Yang Jiaohong from the Party and confiscate his ill-gotten gains. After deliberation by the Suqian City Supervision Commission in Jiangsu Province, it was decided to transfer the suspected criminal case of Yang Jiaohong to the procuratorial organ for review and prosecution according to the law, and all relevant properties involved were transferred as well.