A former official tasked with probing misconduct at China’s securities regulator has been handed a suspended death sentence—a capital punishment term with a two-year reprieve—after being convicted of taking more than $65 million (around ₱4.16 billion) in bribes over 27 years.
The Chengdu Intermediate People’s Court in Sichuan province convicted Wang Huimin of bribery on Tuesday, Oct. 27, 2026. Wang previously headed a disciplinary inspection group stationed at the China Securities Regulatory Commission (CSRC), which oversees China’s securities markets.
According to the court, Wang illegally received more than 436 million yuan, approximately $65 million, between 1998 and 2025. He exploited his authority and influence across several posts, including positions at China Construction Bank’s Xinjiang branch, the Xinjiang regional government and the CSRC.
In return, Wang helped companies and individuals with business operations, fundraising and other matters. The court found that the massive value of the bribes and the resulting losses to state and public interests justified a death sentence.
Judges suspended the execution for two years after considering mitigating circumstances. Some bribery offenses involved attempted acts, while Wang admitted his crimes and disclosed details investigators had not previously uncovered. Authorities also recovered part of the illicit proceeds.
The judgment provides that, after the two-year reprieve and commutation to life imprisonment under Chinese law, Wang must remain imprisoned for life. He will have no eligibility for further sentence reduction or parole. The court also permanently deprived him of political rights and ordered the confiscation of all his personal property.
Wang had admitted guilt and expressed remorse during a public hearing on July 17. The court further ordered recovered bribery proceeds and related gains transferred to the state treasury, with outstanding amounts still subject to recovery.
