On November 18, 2015 (October 7, 2015 in the lunar calendar), Xi Longsheng, the inspection team of the China Securities Regulatory Commission, was taken away and used to be a subordinate of Yao Gang. Xi Longsheng puts his Timeline on the k-chart of the Shanghai Composite Index. According to Caixin. com, following the investigation of Yao Gang, vice chairman of the China Securities Regulatory Commission, on November 13, Xi Longsheng, deputy captain of the inspection team of the China Securities Regulatory Commission, was taken away from his office on the 18th. It is unclear whether he was under investigation or assisting in the investigation. Xi Longsheng is relatively senior in the CSRC and became the director of the Issuance and Examination Division of the Issuance Department of the CSRC very early on. A senior investment banker said that Xi Longsheng is responsible for the scheduling of initial review committee members, which is a relatively flexible job, while Xi Longsheng's attitude is usually relatively stiff. Xi Longsheng's direct leader in the issuance department was Yao Gang. In 2002, Yao Gang returned to the China Securities Regulatory Commission from the position of general manager and vice chairman of Guotai Junan and served as director of the issuance department. In 2004, he became assistant to the chairman of the China Securities Regulatory Commission and concurrently served as director of the issuance department. People close to the China Securities Regulatory Commission said that Xi Longsheng could directly report some major and sensitive issuance projects to Yao Gang. What impact will this news have on A shares? Let's not rush to conclusions yet. We have made a Timeline of the "big shots" who had accidents after this round of bailout. Please see: Timeline News on the evening of September 15, 2015: Cheng Boming, General Manager of CITIC Securities, was taken away. News on the evening of September 16, 2015: Zhang Yujun, assistant to the chairman of the China Securities Regulatory Commission, was taken away. News on the evening of October 23, 2015: Chen Hongqiao, President of Guosen Securities, committed suicide that morning. News on the evening of November 1, 2015: Xu Xiang, the first private placement brother, was taken away for investigation that day. News on the evening of November 13, 2015: Yao Gang, Vice Chairman of the China Securities Regulatory Commission, was taken away for investigation. News on November 18, 2015: Xi Longsheng, the inspection team of the China Securities Regulatory Commission, was taken away. What is the origin of the China Securities Regulatory Commission Inspection Team? According to the approval of the central editorial office, the inspection team of the China Securities Regulatory Commission was established in November 2007. The main responsibilities of the inspection team are: to undertake major, urgent and cross-regional cases in the securities and futures market, as well as other cases approved by superiors. The inspection team has 20 functional offices, namely the office (Party Committee Office), Investigation Division 1 to Investigation Division 15, Internal Audit Division 1, Internal Audit Division 2, Technical Support Division and Discipline Inspection (Supervision) Division. The Office (Party Committee Office) is responsible for administrative affairs and party affairs management of the Corps; the Investigation Division 1 to the Investigation Division 15 are responsible for undertaking investigations of major, urgent, sensitive and cross-regional cases such as insider trading, market manipulation, false statements, and fraudulent issuance in the securities and futures markets. The fifteen investigation divisions are coordinated by five investigation brigades; the Internal Audit Division 1 and 2 are divided into divisions and are responsible for the internal audit review of the investigation and conclusion cases submitted by each investigation division of the Corps; The Technical Support Department is responsible for related technical services such as electronic evidence collection for case investigation, information assistance, and development of technical support systems for inspection and case handling; The Discipline Inspection (Supervision) Office is responsible for the construction of clean government and the discipline inspection and supervision work of the Corps.