He Xingxiang, former member of the Party committee of CDB, was arrested, becoming the second cadre in the financial field to be arrested this year after Cai Esheng, former vice chairman of the CBRC.
He Xingxiang, the former member of the National Party committee and the former vice president of the National Development Bank, who was suspected of issuing illegal bank deposits and bribes, was prosecuted by the National Party committee and the National Development Bank Supervision Committee.
A few days ago, at the request of the Supreme People’s Procuratorate, the Beijing Municipal People’s Procuratorate made an arrest decision on he Xingxiang on suspicion of taking bribes, illegally issuing financial tickets, illegally issuing loans and concealing overseas deposits. The case is being further handled.
On January 26, the Central Commission for Discipline Inspection reported the investigation results of he Xingxiang’s serious violation of discipline and law.
After investigation, he Xingxiang lost his ideals and beliefs, deviated from his original mission, was unfaithful and dishonest to the party, distorted his view of political achievements, did not implement the decision-making of the Party Central Committee on preventing and resolving financial risks in place, made flexibility, or even went his own way, abused the financial examination and approval power, caused major financial risks, caused particularly huge losses to the country, and did not report major personal matters, Adversarial organization review; Accepting gifts and gifts in violation of the spirit of the eight point provisions of the central government; Lending to management and service objects to obtain large returns; The family style is not correct, and the spouse and children are out of control and education; Alienate the power in hand into a tool for private interests, engage in power and money transactions, make use of his position to make profits for others in loan financing, enterprise operation, entry and employment, and illegally accept huge amounts of property.
he Xingxiang, former member of the Party committee of CDB, was arrested
On February 13, according to Xinhua news agency, the case of he Xingxiang, former member of the Party committee and vice president of the China Development Bank, suspected of taking bribes, issuing financial tickets in violation of regulations, illegally issuing loans and concealing overseas deposits was investigated by the State Supervision Commission and transferred to the procuratorial organ for examination and prosecution.
A few days ago, at the request of the Supreme People’s Procuratorate, the Beijing Municipal People’s Procuratorate made an arrest decision on he Xingxiang on suspicion of taking bribes, illegally issuing financial tickets, illegally issuing loans and concealing overseas deposits. The case is being further handled.
He Xingxiang was examined and investigated by the Central Commission for Discipline Inspection in September 2021. On January 26, 2022, the Central Commission for Discipline Inspection reported the results of the examination and investigation of he Xingxiang’s serious violations of discipline and law.
After investigation, he Xingxiang lost his ideals and beliefs, deviated from his original mission, was unfaithful and dishonest to the party, distorted his view of political achievements, did not implement the decision-making of the Party Central Committee on preventing and resolving financial risks in place, made flexibility, or even went his own way, abused the financial examination and approval power, caused major financial risks, caused particularly huge losses to the country, and did not report major personal matters, Adversarial organization review; Accepting gifts and gifts in violation of the spirit of the eight point provisions of the central government; Lending to management and service objects to obtain large returns; The family style is not correct, and the spouse and children are out of control and education; Alienate the power in hand into a tool for private interests, engage in power and money transactions, make use of his position to make profits for others in loan financing, enterprise operation, entry and employment, and illegally accept huge amounts of property.
The circular said that he Xingxiang seriously violated the party’s political discipline, organizational discipline, integrity discipline and life discipline, constituted a serious job violation, and was suspected of taking bribes, issuing financial tickets in violation of regulations, illegally issuing loans, concealing overseas deposits and other crimes. He did not stop after the 18th CPC National Congress, which was serious in nature and had a bad impact, and should be dealt with seriously. According to the regulations on disciplinary measures of the Communist Party of China, the supervision law of the people’s Republic of China, the law of the people’s Republic of China on administrative sanctions against public officials and other relevant provisions, he Xingxiang was expelled from the party after being studied at the meeting of the Standing Committee of the Central Commission for Discipline Inspection and reported to the CPC Central Committee for approval; The State Supervision Commission shall dismiss him from public office; Confiscate their illegal gains; The suspected crime shall be transferred to the procuratorial organ for examination and prosecution according to law, and the property involved shall be transferred together.
He Xingxiang, male, born in 1963, is a member of the Communist Party of China and a graduate student. He is currently a member of the Party committee and vice president of China Development Bank. He once served as secretary and President of the Party group of Bank Of China Limited(601988) Shangyu sub branch, secretary and President of the Party committee of Jiaxing Branch, member and vice president of the Party committee of Jilin Branch, secretary and President of the Party committee of Hainan Branch, secretary and President of the Party committee of Shandong Branch, and member and vice president of the Party committee of Agricultural Development Bank of China. (resume from the official website of the Central Commission for Discipline Inspection)
several officials of CDB have been sacked in recent years
He Xingxiang is the third leader of CDB since the 18th National Congress. In 2016, Yao Zhongmin, former deputy secretary of the Party committee and chief supervisor of CDB, was investigated and sentenced to 14 years in the first instance. In July 2019, Hu huaibang, former party secretary and chairman of CDB, was investigated and sentenced to life imprisonment.
Securities Times reporter combing found that in recent years, CDB “sacked” a lot of officials. It involves the former presidents of Hainan branch and the former presidents of Hubei, Zhejiang and Shanxi branches. Many of them mentioned the “abuse of financial examination and approval power” and the issuance of loans in violation of laws and regulations.
In 2022 alone, he Xingxiang, former member of the Party committee and vice president of China Development Bank, and Xu Weihua, former party secretary and President of Hainan Branch of China Development Bank, were “double opened”; Lin Fang, former party secretary and President of Hubei Branch of China Development Bank, was expelled from the party for serious violation of discipline and law.
In 2021, Liu Chunsheng, former party secretary and President of Hainan Branch of China Development Bank, Ni xianmeng, former party member and vice president of Zhejiang branch of China Development Bank, and Zhang Maolong, former operation director of China Development Bank, were subject to disciplinary review, supervision and investigation.
Wang Xuefeng, former party secretary and President of Shanxi Branch of China Development Bank, and Zhang Linwu, former senior expert of the second evaluation Bureau of China Development Bank, were “double opened” for serious violation of discipline and law.
In January 2021, Hu huaibang, former party secretary and chairman of China Development Bank, was sentenced to life imprisonment in the first instance. Recently, China Central Television broadcast the anti-corruption documentary “zero tolerance”, which exposed the details of Hu huaibang’s corruption. In 2014, Hu huaibang, as the head of CDB, accepted huge bribes from the private enterprise Huaxin Energy Co., Ltd. in flagrant violation of the requirements of the CPC Central Committee and obtained a huge loan and credit of US $4.8 billion for this private enterprise. In January 2021, Hu huaibang was sentenced to life imprisonment, deprived of political rights for life and confiscated all his personal property.
since this year, 11 people have been notified in the financial field
Since 2022, anti-corruption has maintained a high-pressure situation. In the financial sector alone, 11 people were notified. Among them, 4 were expelled from the party, 2 were “double opened” and 5 were supervised and investigated.
The reporter of the Securities Times found that in addition to CAI Esheng who had been expelled from the party and arrested, he Xingxiang, former member of the Party committee and vice president of the China Development Bank, was expelled from the party for serious violations of discipline and law; Wang Bin, Secretary of the Party committee and chairman of the board of directors of the insurance (Group) company, was suspected of serious violation of discipline and law and was subject to disciplinary review, supervision and investigation by the Central Commission for Discipline Inspection and the State Supervision Commission.
At the level of cadres of Party and state organs, state-owned enterprises and financial units at the central level, Yang Xiaoping, former president of Kunming Central Branch of the people’s Bank of China, Li Li, President of Beijing Branch of the Export Import Bank of China, Mou Shangang, former party secretary and director of the organ service center of the central bank, China Everbright Bank Company Limited Co.Ltd(601818) Zhang Huayu, former deputy secretary and vice president of the Party committee, was suspected of serious violation of discipline and law and was subject to disciplinary review, supervision and investigation; Zhang Qin, former party secretary and President of CCB Inner Mongolia Branch, and Lin Fang, former party secretary and President of CDB Hubei Branch, were expelled from the party; Xu Weihua, former party secretary and President of CDB Hainan Branch, was “double opened”.
In addition, Hu Xiaogang, former member of the Party committee and vice president of Great Wall Asset Management, was “double opened”.
An article published on the website of the Central Commission for Discipline Inspection recently pointed out that we must adhere to the trend of thunder to fight corruption and punish evil, and fight a tough and protracted war of self revolution. We must be soberly aware that as long as the soil and conditions for corruption exist, corruption will not be eradicated and the fight against corruption will not stop. The battle between corruption and anti-corruption is still going on fiercely, and some new phased characteristics have emerged. There is still a long way to go to prevent all kinds of interest groups from forming a gang and “hunting” corrosion. There is still a long way to go to effectively deal with the invisible variation, renovation and upgrading of corruption means, completely eradicate the breeding soil of corruption, clear the sea and the river, and clean up systemic corruption There is still a long way to go to resolve potential risks. The fight against corruption is always on the road. We should always play the trumpet of charge.
CBRC: persevere in deepening the fight against corruption in the financial field
One of the key tasks of financial supervision in 2022 is to do a good job in the rectification of problems fed back by the central inspection and deepen the fight against corruption in the financial field. Recently, the CBRC has held intensive meetings to emphasize the issue of anti-corruption.
The 2022 CBRC working meeting held on January 24 pointed out that it is necessary to carry forward the spirit of self revolution and promote the in-depth development of the system from strict party governance in an all-round way. Resolutely shoulder the political responsibility of inspection and rectification, and do a good job in the rectification of problems fed back by the central inspection. Resolutely correct all corruption and unhealthy tendencies that harm the interests of the masses. We will continue to deepen the fight against corruption in the financial sector and seriously investigate and deal with major corruption problems behind financial risks. Implement the opinions on strengthening the construction of a clean and honest culture in the new era, deepen the promotion of reform, construction and governance through cases, and promote corruption in an integrated way. We will unswervingly implement the “two responsibilities” and improve the connection and coordination mechanism between main responsibility and supervision responsibility.
On the same day, the Party committee of the China Banking and Insurance Regulatory Commission held a system wide Conference on comprehensively administering the party strictly and building a clean and honest government and discipline inspection and supervision in 2022. Li Xinran, member of the Central Commission for Discipline Inspection, leader of the resident discipline inspection and supervision team and member of the Party committee of the China Banking and Insurance Regulatory Commission, summarized and deployed the discipline inspection and supervision work of the system. The meeting required that in 2022, discipline inspection and supervision institutions at all levels of the system should take the opportunity of implementing the central inspection and rectification requirements, focus on the basic responsibilities of supervision, and comprehensively promote the punishment of financial corruption and the prevention and control of financial risks.
First, we should give full play to the basic role of supervision, focus on the “big country” to strengthen political supervision, focus on weak links to strengthen daily supervision, focus on key links to strengthen duty performance supervision, and promote strong supervision and governance with strong supervision.
Second, we should connect and coordinate the “two responsibilities”, assist the Party committee in carrying out inspection and audit, and solidly complete the inspection and rectification task of the Central Committee.
Third, we should continue to strengthen the prevention and control of clean government risks, enhance the awareness of honesty and self-discipline of leading cadres, and take effective measures to promote clean government. Fourth, we should maintain a strong force against and punish financial corruption, firmly and steadily continue to promote the governance of corruption in the field of financial supervision, promote the prevention, control and resolution of financial risks, improve the standardization of discipline and law enforcement, deepen the comprehensive effect of case investigation and handling, and deepen the financial anti-corruption struggle.
Fifth, we should continue to strengthen the dikes and dams stipulated in the eight point provisions of the Central Committee, seriously rectify corruption and work style around the masses, and unremittingly correct the “four ethos” and create new ones.
Sixth, we should earnestly implement the task of reforming the discipline inspection and supervision system, strengthen the construction of discipline inspection and supervision cadres, and improve the efficiency of supervision with internal governance.
On December 23 last year, the Party committee of the CBRC held a warning education meeting on strengthening the construction of system style. Li Xinran, leader of the discipline inspection and supervision team stationed at the meeting and member of the Party committee of the CBRC, informed the investigation and handling of legislative reform issues handed over by the central inspection team and typical cases in violation of the spirit of the eight provisions of the Central Committee.
The above-mentioned meeting stressed the need to pay close attention to the rectification of the problems fed back by the central inspection, clarify the division of responsibilities, limit the rectification time limit, and implement the cancellation management to ensure that the rectification, accountability and long-term mechanism are in place. Strengthen the restriction and supervision on the operation of regulatory power, truly control the “key minority” and drive the “vast majority”. We should guide the majority of Party members and cadres to consciously accept supervision and provide a strong guarantee for serving the real economy, preventing and controlling financial risks and deepening financial reform with new achievements in style construction.
