What signal did it send? Playing "tiger" on weekends! More than ten members of the "Everbright Group" have been arrested for supervision | Party Secretary | Everbright

Release time:Apr 14, 2024 05:57 AM

Playing the tiger non-stop on weekends. On the 15th, the Chinese government announced that Tang Shuangning, former Party Secretary and Chairman of China Everbright Group Corporation, is suspected of serious violations of discipline and law and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission. Some comments suggest that the official crackdown on financial corruption indicates a determination to continue to crack down heavily on it.

Since 2021, many members of the "Everbright Group" have fallen from grace

Tang Shuangning's "Everbright" career lasted for 10 years, including his tenure as Chairman and Party Secretary of China Everbright Corporation in June 2007 and his retirement in December 2017. Li Xiaopeng, who succeeded him as the Party Secretary and Chairman of China Everbright Group Corporation at the end of 2017, was also investigated after retirement.

According to incomplete statistics, including these two "tigers", more than ten executives from the "Everbright Group" have been dismissed since 2021. Among them, Chen Shuang, former Party Secretary and CEO of China Everbright Holdings Limited, and Zhang Huayu, former Deputy Party Secretary and Vice President of China Everbright Bank, were all investigated after resigning a few years ago.

Zhou Jiangtao, former Party Secretary and President of China Everbright Bank Nanning Branch, who has been expelled from the Party and held public office, fell from his position. He was accused of "illegally approving large loans and causing significant losses", "taking advantage of his position to embezzle public funds, suspected of corruption and crime", and so on.

It is worth noting that, with the approval of the Central Committee of the Communist Party of China, the first round of inspections by the 20th Central Committee of the Communist Party of China conducted a "look back" inspection of the Party Committee of China Everbright Group Co., Ltd. According to the arrangement, the central inspection team will work at Everbright Group for about two and a half months, and the inspection team's acceptance of petitions will end on June 20th of this year.

On June 8th, Everbright Group held a warning education conference for all employees and the kickoff meeting for the 2023 Age and Law Education Month. At the meeting, several serious illegal and disciplinary cases investigated and dealt with by the group in recent times were reported, and it was pointed out that the anti-corruption situation in the group system is still severe and complex, and the task of "clearing the stock and curbing the increase" of corruption cases is heavy.

Several officials who have been working in the financial field for a long time have been investigated

Since the beginning of this year, several central management cadres who have been working in the financial field for a long time have been investigated one after another. Among them, Liu Liange, former Party Secretary and Chairman of Bank of China, became the first former "leader" of a centrally managed financial enterprise to fall from power after the 20th National Congress of the Communist Party of China. He worked at the People's Bank of China for nearly 20 years and at the Export Import Bank of China for over 11 years before being transferred to Bank of China in June 2018.

In May, it was officially announced that Zhou Qingyu, former member of the Party Committee and Vice President of the China Development Bank, was investigated. He worked at Agricultural Bank of China for nearly 10 years and was transferred to China Development Bank in 2011. Zhu Congjiu, a member of the Party Group and Vice Chairman of the Zhejiang Provincial Committee of the Chinese People's Political Consultative Conference, who was also investigated in May, has been working in the securities regulatory system for nearly 20 years.

Since the beginning of this year, there have also been many Party and state organs, state-owned enterprises, and financial unit cadres under investigation within the financial system. Just this month, the official reported that Zhang Jianjun, former Party Secretary and President of the Shenzhen Central Branch of the People's Bank of China, was investigated.

Qu Jishan, the leader of the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at the People's Bank of China, previously wrote that we should "work together to promote the 'three non corruption' policies, and work together, in the same direction, and comprehensively, to fight a tough and long-lasting battle against corruption in the financial sector.". He stated that maintaining an overwhelming force against financial corruption always requires first and foremost investigating cases and punishing corruption.

Observers have stated that according to the party discipline and government disciplinary notices issued to several fallen bank executives, there is a high incidence of corruption in the credit approval process. This is due to both personal subjective factors, as well as factors such as ineffective implementation of subject responsibility and supervisory responsibility, as well as institutional and environmental factors.

Regarding the institutional loopholes, integrity risks, and weak links in supervision exposed by corruption cases, Fan Dazhi, the head of the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at the China Securities Regulatory Commission, wrote that it is necessary to "strengthen supervision and management of key positions and personnel, increase supervision and inspection of high-risk public power operations such as approval, supervision, and information system procurement, continuously enhance transparency, and eradicate the soil conditions for corruption from the source.".

Coordinated promotion of financial anti-corruption and risk prevention and control

The issue of corruption in the financial sector touches upon financial risks and can have a ripple effect. The Chinese Journal of Discipline Inspection and Supervision recently published an article titled "Eliminating Hidden Dangers, Coordinating the Promotion of Financial Anti Corruption and Risk Prevention and Control", introducing the experience and practices of Jiangxi.

It is known that during the investigation and handling of a series of corruption cases by Chen Xiaoming, former Party Secretary and Chairman of Jiangxi Bank, the Jiangxi Provincial Commission for Discipline Inspection and Supervision urged the Party Committee of Jiangxi Bank to take on the main responsibility of promoting reform through cases and stopping losses to recover losses. Therefore, the bank focuses on solving the problems of large loans and concentrated loans, recovering funds or increasing collateral to mitigate risks, stopping losses and recovering losses, and maintaining the bottom line of avoiding systemic risks and maintaining financial stability.

Professor Peng Xinlin from the School of Law at Beijing Normal University stated that disciplinary inspection and supervision agencies should focus on their functional responsibilities, and do a good job in coordinating financial anti-corruption and preventing financial risks. At the same time, it is necessary to comprehensively summarize the anti-corruption experience in the financial field and elevate these experiences to the institutional level.

In Qu Jishan's view, it is necessary to coordinate financial risk prevention and financial anti-corruption, closely monitor the corruption issues behind risks, resolutely cut off the link between power and capital, and resolutely break down the "interest chain" and "relationship network" of power and money transactions.

Scholars such as Zhuang Deshui, Deputy Director of the Research Center for Clean Governance at Peking University, also remind that finance belongs to a typical field of power concentration, capital intensity, and resource enrichment, which can easily breed corruption problems through the "revolving door" of politics and commerce. For this type of implicit corruption, it is necessary to crack down on it immediately and prevent incremental corruption. At the same time, it is necessary to improve institutional construction and promote the "three non corruption" as a whole.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【

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