Corruption has lasted for nearly 16 years!, Hou Shaoze Audited by Guokai Securities | President | Hou Shaoze
On June 16th, according to the report from Pengpai News, the Intermediate People's Court of Binzhou City publicly held a first instance trial of the bribery case of Hou Shaoze, former president of Guokai Securities. The People's Procuratorate of Binzhou City dispatched personnel to appear in court to support the prosecution, and the defendant Hou Shaoze and his defense counsel appeared in court to participate in the lawsuit.
According to the People's Procuratorate of Binzhou City, from August 2000 to January 2016, Hou Shaoze took advantage of his positions as Assistant to the Mayor and Deputy Mayor of Weihai City Government, Secretary of the Working Committee and Director of the Management Committee of Weihai Torch High tech Industrial Development Zone, Deputy Director of the International Finance Bureau of China Development Bank, Deputy Secretary of the Party Committee, Vice President, and President of China Development Securities Co., Ltd. to seek benefits for others in applying for support funds, coordinating loan disbursements, and accepting gifts from others totaling more than 30.78 million yuan. He should be held criminally responsible for accepting bribes in accordance with the law.
According to the data, Hou Shaoze was born in November 1969 in Wendeng, Shandong. He holds a doctoral degree and has served as a cadre of the International Department of the People's Bank of China, Vice Mayor of Weihai City Government, Deputy Director of the International Finance Bureau of the China Development Bank, and Vice President and President of China Development Securities.
![Corruption has lasted for nearly 16 years!, Hou Shaoze Audited by Guokai Securities | President | Hou Shaoze](https://a5qu.com/upload/images/b1be0fbe6184cc63841b78277c76b3fe.jpg)
Hou Shaoze has been working in the financial industry for many years and has also served as a local leader. From the content of the prosecution's accusations, it can be seen that his corrupt behavior has been ongoing for nearly 16 years since August 2000.
In recent years, some officials who violated discipline and laws have been investigated and punished in Weihai and China Development Bank, where Hou Shaoze has worked. Last August, Zhou Yongdi, a former member of the Party group and deputy mayor of Weihai City Government, was expelled from the Party and held public office. After investigation, Zhou Yongdi lost his ideals and beliefs, abandoned his original mission, and opposed organizational censorship; Ignoring the spirit of the central eight point regulations, illegally accepting gifts, accepting banquets and tourism arranged by private entrepreneurs; Violating organizational principles by concealing or not reporting personal matters; Violating integrity discipline, accepting gifts in violation of regulations, and engaging in profit-making activities in violation of regulations; Violating regulations and interfering in administrative law enforcement activities; Violation of the bottom line of discipline and law, rampant trading of power and money, taking advantage of one's position to seek benefits for others in planning approval, engineering contracting, etc., and illegally accepting huge amounts of property.
In recent years, several officials from the China Development Bank have also been arrested. The most noteworthy case among them is undoubtedly the Hu Huaibang case. The corruption problem of Hu Huaibang has been investigated: from 2009 to 2019, Hu Huaibang used his position or the convenience conditions formed by his own authority and status to provide assistance to relevant enterprises and individuals in obtaining bank loans, business operations, promotion, and other matters through the behavior of other state officials in their positions. He illegally received property, directly or through his specific affiliates, totaling more than RMB 85.52 million. In January 2021, Hu Huaibang, former Party Secretary and Chairman of China Development Bank, was sentenced to life imprisonment in the first instance.
![Corruption has lasted for nearly 16 years!, Hou Shaoze Audited by Guokai Securities | President | Hou Shaoze](https://a5qu.com/upload/images/7e3ee87f11b83e588116e3bac5663b89.jpg)
After Hu Huaibang was investigated, several individuals from the China Development Bank were subsequently investigated and dealt with. In January this year, Lu Jun, former deputy director of the China Development Bank Development Fund Management Department, was expelled from the party; In February, Teng Guangjin, a senior expert at the Information Technology Department of the China Development Bank, was investigated; In March, Pu Hao, a senior expert at the Henan Branch of China Development Bank, and Wang Weijun, former Party Secretary and President of the Henan Provincial Branch of China Development Bank, were arrested; In May, Zhou Qingyu, former member of the Party Committee and Vice President of the National Development Bank, was investigated; On the 2nd of this month, Mao Jun, former Party Secretary and President of the Shanghai Branch of the China Development Bank, was dismissed.
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