Engage in power and sex transactions! After the 20th National Congress, the "first tiger" was traded by Fan Yifei, a member of the Shuangkai Supervisory Committee

On June 9th, according to the website of the Central Commission for Discipline Inspection and the National Supervisory Commission, with the approval of the Central Committee of the Communist Party of China, the Central Commission for Discipline Inspection and the National Supervisory Commission conducted an investigation into the serious violations of discipline and law by Fan Yifei, former member of the Party Committee and Vice President of the People's Bank of China.

After investigation, it was found that Fan Yifei lost his ideals and beliefs, abandoned his original mission, had a indifferent political consciousness, opposed organizational censorship, and engaged in superstitious activities; Ignoring the spirit of the eight point regulations of the central government, accepting arrangements for banquets, tourism, golf and other activities in violation of regulations for a long time, participating in public funded banquets, receiving gifts and cash, and entering and exiting private clubs in violation of regulations; Seeking benefits for others in terms of job arrangements, job adjustments, etc; Being an official without integrity, indulging relatives in obtaining salaries without actually working, and engaging in power and sex transactions; Violating regulations and interfering in law enforcement activities; Moral corruption and improper family conduct; Without any disciplinary bottom line, daring to act recklessly, relying on finance to eat finance and making money, engaging in power and money transactions under the guise of "investment" for a long time, taking advantage of their position to seek profits for others in loan financing, business operations, etc., and illegally accepting huge amounts of property.

Fan Yifei seriously violated the political discipline, organizational discipline, integrity discipline, work discipline, and life discipline of the Party, constituted serious violations of his duties, and was suspected of accepting bribes. He also did not restrain himself or stop after the 18th National Congress of the Party, which was of a serious nature and had a negative impact, and should be dealt with seriously. In accordance with the Regulations of the CPC on Disciplinary Punishment, the Supervision Law of the People's Republic of China, the Law of the People's Republic of China on Administrative Punishment of Public Officials and other relevant provisions, Fan Yifei was decided to be 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 Central Committee of the Communist Party of China for approval; He shall be dismissed from public office by the National Supervisory Commission; Confiscate their illegal gains from disciplinary violations; Transfer the suspected criminal issues to the procuratorial organs for legal review and prosecution, and transfer the involved property together.

Previously reported

He was once the youngest bank leader of the central bank

On the morning of November 5, 2022, just two weeks after the closing of the 20th National Congress of the Communist Party of China, it was officially announced that Fan Yifei, a member of the Party Committee and Vice President of the People's Bank of China, is suspected of serious violations of discipline and law and is under disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.

According to public information, Fan Yifei was born in August 1964 in Taixing, Jiangsu. PhD in Economics from Renmin University of China and Master's degree in International Economics from Columbia University in the United States.

In July 1982, participated in work at the Changzhou Central Branch of China Construction Bank Jiangsu Branch;

After working in the China Construction Bank system for many years, he entered the headquarters of the bank in 1994 and successively served as the Deputy Director of the Fund Planning Department of China Construction Bank; General Manager of Planning and Finance Department; Assistant to the President; Vice President and Party Committee Member;

In March 2010, he was appointed as the Deputy General Manager and Party Committee Member of China Investment Co., Ltd;

In April 2010, Fan Yifei was transferred from Vice President of China Construction Bank to Vice General Manager of China Investment Corporation. In February 2015, Fan Yifei, who had just turned 50, was appointed as a member of the Party Committee and Vice President of the People's Bank of China. It is worth mentioning that after being promoted to Vice President, Fan Yifei became the youngest member of the central bank leadership team at that time.

Until being investigated in 2022, Fan Yifei served as the Vice President of the People's Bank of China for seven years.

On December 5th of the same year, according to the Chinese government website, the State Council appointed and dismissed state officials. Among them, Fan Yifei was relieved of his position as Vice President of the People's Bank of China.

Fan Yifei was taken away from his workplace

According to media reports, Fan Yifei was taken away from his workplace on the afternoon of November 4, 2022.

According to the official website of the People's Bank of China, on the morning of November 3rd, the People's Bank of China and the State Administration of Foreign Exchange held a presentation on learning and implementing the spirit of the 20th National Congress of the Communist Party of China. Members of the Party Committee of the People's Bank of China and the Party Group of the State Administration of Foreign Exchange attended the presentation.

The meeting emphasized that the People's Bank of China and the State Administration of Foreign Exchange should conscientiously implement the deployment and requirements of the 20th National Congress of the Communist Party of China on Party building, persistently promote comprehensive and strict governance of the Party, deepen the new great project of Party building in the new era, and lead social revolution with the Party's self revolution. There are reports that Fan Yifei also participated in this meeting.

Formerly worked with the former president of China Merchants Bank, Tian Huiyu, at China Construction Bank

During Fan Yifei's career, his resume at China Construction Bank accounted for the majority. Fan Yifei has been working at China Construction Bank since 1982, and has since worked in the bank's system for more than 20 years. He has served as the Assistant General Manager and Manager of the Finance and Accounting Department of China Construction Bank Trust Investment Company, Deputy Director of the Fund Planning Department, General Manager of the Finance and Accounting Department, and General Manager of the Planning and Finance Department of China Construction Bank.

In February 2000, Fan Yifei, who was 36 years old at the time, was appointed as an assistant to the President of China Construction Bank. In 2004, he became a member of the Party Committee of China Construction Bank and in 2005, he became the Vice President.

According to reports, Fan Yifei had a work interaction with Tian Huiyu, the former president of China Merchants Bank who was recently approved for arrest.

From 2000 to 2010, Fan Yifei began to serve as Assistant to the President and Vice President of China Construction Bank, while during this period, Tian Huiyu held positions such as Vice President of China Construction Bank Shanghai Branch and President of Shenzhen Bank.

In February 2023, the case of Tian Huiyu being suspected of bribery, abuse of power by personnel of state-owned companies, and trading using undisclosed information was investigated and concluded by the National Supervisory Commission.

The prosecution accuses Tian Huiyu of taking advantage of his position as Vice President of China Cinda Asset Management Company Trust Investment Company, Party Committee Member and Vice President of Shanghai Bank Co., Ltd., Deputy Party Committee Secretary and Vice President of China Construction Bank Shanghai Branch, Party Committee Secretary and President of China Construction Bank Shenzhen Branch, Party Committee Secretary and President of China Construction Bank Beijing Branch, and Party Committee Secretary and President of China Merchants Bank, as well as the convenience of his power and status, to seek benefits for relevant units and individuals in loan approval, business contracting, work transfer, and other aspects, illegally accepting property from others, with a particularly large amount; As a staff member of a state-owned company, engaging in favoritism, fraud, and abuse of power, resulting in particularly significant losses to national interests; As a staff member of a commercial bank, engaging in securities trading activities related to insider information that is not publicly available but obtained through the convenience of one's position, in violation of regulations, with particularly serious circumstances; As insiders of securities, if a person buys securities, leaks such information, and explicitly or implicitly suggests that others engage in relevant securities trading before the information that has a significant impact on the securities trading price is made public, and the circumstances are particularly serious, they shall be held criminally responsible for the crimes of bribery, abuse of power by state-owned company personnel, trading using undisclosed information, insider trading, and leaking insider information in accordance with the law.