Cai Esheng, former vice chairman of the CBRC, was expelled from the party.
On January 24, the Central Commission for Discipline Inspection reported the results of the examination and investigation of CAI Esheng, former member of the CPC Committee and vice chairman of the CBRC. It is worth noting that the report of the Central Commission for Discipline Inspection is harsh, and some expressions are not common in previous reports. According to the investigation, Cai Esheng has “completely changed politically”, “seriously disturbed the order of the financial market and seriously polluted the political ecology of the financial field”, “shameless, engaged in power and money trading”, “lawlessness”, “retreat without rest”, “committing crimes against the wind, etc.
The circular said that CAI Esheng used his influence to commit bribery and abuse of power, and did not stop after the 18th CPC National Congress. He was serious in nature and had a bad impact, so he should be dealt with seriously. Cai Esheng shall be expelled from the party; Cancel the treatment enjoyed by them according to regulations; 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.
Cai Esheng was reviewed and investigated in July 2021 after eight years of retirement. The CBRC held a party committee meeting to convey the decision of the Central Commission for Discipline Inspection and the State Supervision Commission to conduct disciplinary review and supervision and investigation on CAI Esheng’s suspected serious violation of discipline and law. It is believed that the examination and investigation of CAI Esheng fully demonstrates the firm determination of the Party Central Committee to comprehensively and strictly govern the party and purify the political ecology within the party, and fully reflects the distinct attitude of constantly promoting the construction of Party style and clean government and deepening the anti-corruption work in the financial field.
Cai Esheng was expelled from the party
The website of the Central Commission for Discipline Inspection announced on January 24 that recently, with the approval of the CPC Central Committee, the State Supervision Commission of the Central Commission for Discipline Inspection has filed a case for review and investigation on CAI Esheng, member of the Party committee and vice chairman of the former Bank Of China Limited(601988) industry supervision and Administration Commission, for serious violations of discipline and law.
After investigation, Cai Esheng lost his ideals and beliefs, abandoned his original mission, completely transformed politically, was unfaithful and dishonest to the party, engaged in double dealing and double dealing, abused the power of financial supervision, seriously disturbed the order of the financial market, seriously polluted the political ecology in the financial field, and resisted the organizational review; Disregarding the spirit of the eight point provisions of the central government, extravagance and corruption, accepting gifts and gifts in violation of regulations, accepting arrangements for banquets, tourism, golf and other activities that may affect the fair performance of official duties, and entering and leaving private clubs in violation of regulations for many times; Indifference to organizational concept and failure to report personal related matters as required; Be unscrupulous and shameless, and engage in power color and money color transactions; Improper performance of duties, illegal intervention and interference in administrative licensing matters; Lawlessness, “retreat without rest”, commit crimes against the wind, use their position convenience and influence to make profits for others in financing loans, project contracting, job promotion and other aspects, and illegally accept huge amounts of property.
The circular said that CAI Esheng seriously violated the party’s political discipline, organizational discipline, integrity discipline, work discipline and life discipline, constituted a serious job violation, and was suspected of taking bribes, using influence to take bribes and abusing his power. He did not stop after the 18th National Congress of the Communist Party of China. He was serious in nature and had a bad impact, so he should be dealt with seriously. In accordance with the regulations of the Communist Party of China on disciplinary sanctions, 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, Cai Esheng 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; Cancel the treatment enjoyed by them according to regulations; 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.
Cai E was born in July last year and was subject to disciplinary review and supervision and investigation by the Central Commission for Discipline Inspection. On July 30, 2021, Guo Shuqing, Secretary of the Party committee and chairman of the China Banking and Insurance Regulatory Commission, presided over a party committee meeting to convey the decision of the Central Commission for Discipline Inspection and the state regulatory commission to conduct disciplinary review, supervision and investigation on CAI Esheng’s suspected serious violation of discipline and law. Comrades attending the meeting unanimously expressed that they firmly support and fully agree with the decision of the Central Commission for Discipline Inspection and the State Supervision Commission, and fully cooperate in relevant work.
The meeting pointed out that the discipline review, supervision and investigation conducted by the Central Commission for Discipline Inspection and the State Supervision Commission on CAI Esheng’s suspected serious violation of discipline and law fully demonstrated the firm determination of the Party Central Committee to comprehensively and strictly govern the party and purify the political ecology within the party, and fully reflected the distinct attitude of constantly promoting the construction of Party style and clean government and deepening the anti-corruption work in the financial field.
The meeting called for unswervingly deepening the anti-corruption work in the financial field. Adhere to the strict main tone for a long time, always maintain the high-pressure situation of anti-corruption, and deeply promote the construction of Party style, clean government and the fight against corruption with a clear mind, a clear attitude and effective measures. We should focus on prominent problems, key areas and key posts, insist on investigating and punishing cases and corruption, resolutely investigate and deal with the corruption behind financial risks, resolutely investigate and deal with corrupt elements who do not stop, and do a good job in the overall connection between financial anti-corruption and financial risk disposal. We should adhere to the coordinated promotion of identifying problems, preventing and controlling risks, recovering stolen goods and losses, making up for weaknesses and reshaping the political ecology. We should rectify discipline and deepen reform, improve systems and promote governance. We should strengthen the promotion of reform, construction and governance through cases, strengthen the construction of clean financial culture, and promote the construction of a culture that does not dare to corrupt, cannot corrupt and does not want to corrupt.
The meeting stressed the need to continue to strengthen the restriction and supervision of the operation of regulatory power. Combine the current reform with long-term legislation, stick to the institutional cage, and resolutely use the system to manage power, affairs and people. We will focus on issues such as inadequate regulatory performance, non-standard exercise of power, lax regulatory accountability and punishment, and no distinction between public and private sectors, so as to promote strong supervision with strong supervision and constantly create a good political ecology with clean air. Earnestly implement the opinions of the Party Central Committee on strengthening the supervision of the “top leaders” and leading groups, focus on the “key minorities”, and strengthen the strict education, management and supervision of cadres. We should strengthen the awareness of the system, enhance the implementation and binding force of the system, and educate the majority of Party members and cadres in the system to perform their duties, exercise their power and carry out their work in strict accordance with the system.
the China Banking and Insurance Regulatory Commission stressed “pay close attention to the rectification of problems fed back by the central inspection”
On December 23, the CBRC Party committee 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 CBRC Party committee, 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. We should conscientiously implement the opinions of the CPC Central Committee on strengthening the supervision of the “top leaders” and leading groups, strengthen the restriction and supervision of the operation of regulatory power, truly control the “key minority” and drive the “overwhelming majority”. We should take accurate accountability as an important starting point for style construction, force the implementation of responsibilities with accurate accountability, and form a working situation of joint management. We should guide the majority of Party members and cadres to bear in mind that honesty is a blessing and greed is a disaster, earnestly implement the provisions on the separation of public and private sectors and regulating the use of power in performing their duties, revere the organization, the law and discipline, use power fairly, according to law and honestly, cultivate ethics, consciously accept supervision, and serve the real economy, prevent and control financial risks with new achievements in style construction Provide a strong guarantee for deepening financial reform.
On December 10, the CBRC held a party committee (enlarged) meeting to convey and study the spirit of the central economic work conference. The meeting proposed that we should resolutely investigate and deal with the corruption behind financial risks and promote the punishment of financial corruption and the prevention and control of financial risks.
We will combine strengthening financial supervision with strengthening power supervision to standardize the operation of regulatory power. Strengthen the construction of financial supervision cadres, strengthen investigation and research, adhere to the “three stricts and three facts”, and strive to build a loyal, clean and responsible supervision Iron Army. From the perspective of politics, we will resolutely do a good job in the rectification of the central inspection feedback, draw inferences from one instance, plug loopholes, improve the system, comprehensively strengthen banking and insurance supervision, and effectively promote the high-quality development of the banking and insurance industry.
The Fifth Plenary Session of the 19th Central Commission for Discipline Inspection proposed to deepen the anti-corruption work in the financial field, supervise and urge the strengthening of financial supervision and internal governance, and ensure the prevention and resolution of major financial risks. Previously, Xu Jiaai, head of the discipline inspection and supervision team of the Central Commission for Discipline Inspection and the State Supervision Commission in the people’s Bank of China, participated in an online interview and explained in detail a series of problems in financial anti-corruption. How can the discipline inspection and supervision team stationed in the financial management department implement the relevant deployment of the plenary session? In view of the new situation and requirements of financial anti-corruption, how to adhere to the “integrated promotion of Punishing Financial Corruption and preventing and controlling financial risks”? And other topics. He said that financial corruption and financial risks are intertwined, accompanied, and even cause and effect each other. Financial corruption induces and intensifies financial risks. There is corruption behind financial risks.
anti corruption has maintained a high-pressure situation, and seven people have been notified in the financial field
Since 2022, anti-corruption has maintained a high-pressure situation. Seven people were notified in the financial sector alone. Among them, 2 were expelled from the party, 2 were “double opened”, and 3 were supervised and investigated.
Securities Times reporter found that at the level of central management cadres, Cai Esheng, former member of the Party committee and vice chairman of the CBRC, was expelled from the party for serious violation 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, 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 party secretary and vice president of the central bank, 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”.
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.
resume of CAI Esheng
Cai Esheng, male, was born in Hubei in 1951.
1968.12-1970.12 rural queue jumping in Jiang County, Shanxi Province
1970.12-1975.04 soldiers of 631 regiment, 71 anti-aircraft artillery division of the people’s Liberation Army
1975.04-1978.02 cadre of Haidian District Office of Beijing Branch of the people’s Bank of China
February 1978 to February 1982: major in finance and finance, Department of Finance and finance, Shanxi University of Finance and Economics
1982.02-1984.06 cadres of personnel department and financial management department of the people’s Bank of China
From June 1984 to October 1986, deputy director of the structural reform department of the financial management department of the people’s Bank of China (during which: March 1985 to July 1985, the Central Party school and the branch of state organs)
1986.10-1988.03 director of the third division of the financial management department of the people’s Bank of China
1988.03-1990.07 director of financial system reform division of Comprehensive Planning Department of the people’s Bank of China
1990.07-1992.03 director of the planning and pilot division of the financial system reform department of the people’s Bank of China
1992.03-1994.01 deputy director of the interest rate savings management department of the people’s Bank of China
1994.01-1994.05 director of the financial management department of the people’s Bank of China
1994.05-1998.07: Director of the Banking Department of the people’s Bank of China (during which: studying at the Central Party school from March 1995 to July 1995)
1998.07-1998.09 director of the second Department of banking supervision of the people’s Bank of China
1998.09-2000.02 assistant to the president of the people’s Bank of China and member of the Party committee
February 2000 — May 2001: Assistant to the president of the people’s Bank of China, member of the Party committee, President and Secretary of the Party committee of Shanghai Branch
2001.05-2005.12 chairman of the board of supervisors of key state-owned financial institutions (during which: 2004.09-2005.01 studied in class B of the advanced training class for provincial and ministerial cadres of the Central Party School)
2005.12 Bank Of China Limited(601988) vice chairman of the industry supervision and Administration Commission and member of the Party committee (resume from the website of the Central Commission for Discipline Inspection)
