Zhou Chengyue was expelled from the party
According to the Central Commission for Discipline Inspection and the National Supervisory Commission's Discipline Inspection and Supervision Group stationed in the Ministry of Finance and the Beijing Commission for Discipline Inspection and Supervision: Recently, with the approval of the Central Commission for Discipline Inspection and the National Supervisory Commission, the Central Commission for Discipline Inspection and the National Supervisory Commission's Discipline Inspection and Supervision Group stationed in the Ministry of Finance and the Beijing Commission for Discipline Inspection conducted a disciplinary review and supervisory investigation into the serious violations of discipline and law by Zhou Chengyue, former chairman of the China Government-Enterprise Cooperation Investment Fund Co., Ltd.
Upon investigation, it was found that Zhou Chengyue, as the first chairman of the PPP Fund Company, had lost his ideals and beliefs, had a weak sense of discipline and law, betrayed his duties and mission, violated political discipline, was not resolute and compromised in implementing the decisions and arrangements of the Party Central Committee, causing adverse effects, deliberately resisted organizational review, and participated in superstitious activities; he ignored the spirit of the Central Committee's eight regulations, accepted gifts and banquets in violation of regulations; he failed to report personal matters in accordance with regulations and concealed his real estate; he was irresponsible and negligent in management at work, abused his power, and caused serious losses to national interests; he violated the discipline of life; he used his position to help others in business operations, listing, and obtaining PPP fund support, and illegally accepted huge amounts of property.
Zhou Chengyue seriously violated the Party's discipline. His behavior constituted a serious duty violation and he was suspected of bribery and abuse of power by state-owned company personnel. In accordance with the "Regulations on Disciplinary Actions of the Communist Party of China", "Supervision Law of the People's Republic of China", "Administrative Punishment Law of the People's Republic of China for Public Officials" and other relevant regulations, after research and decision by the Party Group Meeting of the Ministry of Finance of the Communist Party of China, Zhou Chengyue was expelled from the Party; after research and decision by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the Ministry of Finance, his benefits were cancelled in accordance with regulations; and his illegal gains were confiscated. The Beijing Municipal Supervision Committee transferred his suspected criminal issues to the procuratorate for review and prosecution in accordance with the law, and the property involved was transferred with the case.