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Department. Yao had just been rumors about the investigation, since the beginning of the second half of 2014 will continue to emerge. 'Prism' Noting, in the wound for a long period of time, there is no Yao Gang appeared attend any activities. In fact, in a recent multi-year, related to its promotion, by the wayside, 'safe landing' rumors alternately, after twists and turns, the final outcome of today's ending. November 7, 2015, Tencent Finance and the large network in Fuzhou Fujian scene saw Yao Gang did appear at the meeting site, and delivered a speech. However, that became public just six days later. Prior to the September 16, Assistant Chairman of the SFC Zhang Yujun was declared under investigation, less than two months, the Commission has two associate vice-ministerial and vice-ministerial level officials sacked after another. Yao had just driven issuance examination system, issue sponsor system worked Yao Gang, assistant director of the Department of Public Offering Supervision Commission Chairman of the SFC, during and promote the issuance examination committee (stock issuance examination committee) system, and the first issue of the sponsor system. It is, therefore, Yao Gang was once classified as one of the market on behalf of the 'reformers' in. Issuance examination system is directly related to the development of the securities market and protection of investors. The sponsor system had changed 'Channel system' long-standing, increased borne by the sponsor during the issuing and listing the contents of joint and several liability. Coin has two sides. Issuance examination committee and the sponsor system and is closely related to the issue, a lot of people regarded as the SFC system is the abuse of power of the 'key.' When it comes to the issue, Yao Gang, Vice-Chairman of the SFC office to promote the Commission's two heavy head the task: IPO system changes and introduction of the GEM. After the GEM October 23, 2009 open board, frequently carry out IPO reform, IPO rule between 2009-2014 five experienced 4 changes. China's stock issuance to implement approval system, registration system has been the general direction of the target and the issuance of securities market reform of China stock distribution system reform. December 3, 2014, on accelerating the development of multi-level capital market forum topic, Yao Gang also said the stock registration system reform program (2014) the end of November has been handed over to the State Council, next year (2015) to the public for social opinion. Yao Gang said the Commission in accordance with the requirements of transformation of government functions,