Disgraced head of China’s famed Shaolin Temple defrocked, firms deregistered

Jul 28, 2025 | INVESTING

Companies linked to Shi Yongxin, the disgraced head of China’s renowned Shaolin Temple, have been deregistered, and his Buddhist credentials revoked – with authorities citing “severe damage” caused to the image of the order.
The swift move to erase the institutional footprint of the abbot of China’s most famous Buddhist sanctuary came a day after temple authorities said Shi was under investigation for criminal charges, including embezzling funds and temple assets.
The Buddhist Association of…

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