Chinese ex-IPO regulator goes missing amid corruption crackdown

China Securities Regulatory Commission emerges as focus of investigation

20241119 China Securities Regulatory Commission

Before China fully adopted a registration-based IPO system in 2023, the China Securities Regulatory Commission's public offering department held significant authority over new share sales.

QUAN YUE and HAN WEI, Caixin

A fourth former official responsible for overseeing initial public offerings at China's top securities regulatory body has gone missing amid an intensifying crackdown on stock market corruption.

Wu Guofang, who used to work at the China Securities Regulatory Commission (CSRC) but is currently head of Guosen Securities' investment banking business, has been out of reach, Caixin has learned.

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