Former Industrial And Commercial Bank Of China Limited Beijing branch president Shi Gang has reportedly gone missing, with sources indicating he was a longtime close associate of Yi Huiman who worked alongside him throughout their banking careers.

According to reports, Shi Gang went missing around the National Day holiday period. Born in 1960, the 65-year-old had already reached retirement age in 2020 and has been retired for five years.

Shi Gang began his career at ICBC's Changzhou branch in Jiangsu Province before being promoted to president of the Wuxi branch and later the Suzhou branch. During this period, Yi Huiman served as president of ICBC's Jiangsu provincial branch.

Yi Huiman transferred from Zhejiang to ICBC Jiangsu Provincial Branch in January 2000, initially serving as deputy president before being promoted to branch president in October of the same year at just 35 years old.

In 2001, Shi Gang was promoted to deputy president of Jiangsu Provincial Branch while concurrently serving as Suzhou branch president.

After Yi Huiman was transferred to Beijing branch as president in March 2005, Shi Gang formally became president of the Jiangsu Provincial Branch.

Following Yi Huiman's promotion to ICBC chairman in May 2016, Shi Gang succeeded Wang Zhenjun as Beijing branch president in 2017, serving until his retirement in 2020.

ICBC's Beijing branch is the bank's flagship operation and the largest branch by assets in China. As of June 2025, its assets exceeded 7 trillion yuan, surpassing the total assets of many joint-stock commercial banks.

Prior to Yi Huiman's downfall, another close associate from the Beijing branch, Gu Jiangang, was also investigated.

Gu Jiangang was promoted from deputy president of Beijing branch to general manager of ICBC's Asset Management Department at headquarters in 2016, overseeing trillions in wealth management funds in this critical department.

Gu Jiangang's investigation relates to a 30 billion yuan private equity investment outsourcing deal in 2018. Despite having several procedural flaws, the project received approval throughout the process. The project was jointly planned by Ding Wei, former chairman of CICC Capital, and Gu Jiangang, marking the starting point for CICC Capital's growth into managing trillion-yuan funds.

During this period, Yi Huiman's son Yi Chenyang was working at CICC, serving as executive general manager of the investment banking department.

The aforementioned project was facilitated by Yi Chenyang's connections, with Gu Jiangang responsible for the specific implementation.

Gu Jiangang was formally charged with embezzlement and bribery in April 2024. Ding Wei and several subordinates at CICC Capital were detained for investigation in August this year. Media reports suggest that following Yi Huiman's downfall, his son Yi Chenyang has also been called in for "assistance with investigations."

On September 6 this year, Yi Huiman's fall from grace was officially announced as he came under investigation. Before National Day, he was removed from his position as resident deputy director of the Economic Committee of the 14th National Committee of the Chinese People's Political Consultative Conference, and his membership in the 14th CPPCC was revoked.

As investigations into Yi Huiman deepen, issues from his tenure leading the world's largest commercial bank are expected to gradually come to light.