China News Service, Beijing, January 25. According to a news published on the website of the State Supervision Commission of the Central Commission for Discipline Inspection on the 25th, Xue Jining, former party secretary and director of the Inner Mongolia Banking Regulatory Bureau, Song Jianji, former party secretary and deputy director of the Inner Mongolia Banking Regulatory Bureau, and former Inner Mongolia Banking Regulatory Commission The bureau’s party committee member and deputy director Chen Zhitao were expelled from the party on the same day.
Abandoning supervisory duties and condoning the brutal expansion of Baoshang Bank has become one of the common points of the trio.
The notice issued by the Disciplinary Inspection and Supervision Group of the China Banking and Insurance Regulatory Commission of the Central Commission for Discipline Inspection and the Supervisory Commission of the Inner Mongolia Autonomous Region showed that Xue Jining violated political discipline, discounted the implementation of the Party Central’s financial work decision and deployment, made flexibility, gave up supervisory duties, and condoned the brutal expansion of Baoshang Bank. Illegal operations have boosted Baoshang Bank’s severe credit risk and caused severe impacts. It violated the original intention of the central government to establish rural banks and violated regulations and approvals. As a result, the development of local rural banks deviated from the policy positioning and presented serious risks.
The information reported shows that Xue Jining, as a party member and leading cadre of the financial supervision department, has lost the principle of party spirit, is lawless, political and economic issues are intertwined, ideologically and politically, and acted as a party and departed from the party, ignoring the party Central Committee’s proposals to strengthen and improve finance. Supervision, decision-making and deployment of effective prevention of financial risks, abandoning supervision responsibilities and risk bottom line, boosting the serious risks of financial institutions such as Baoshang Bank and causing bad political influence.
In the notification, Song Jianji was accused of violating work discipline, abusing supervisory authority, signing and approving various supervisory matters in violation of regulations, abandoning supervisory duties, indulging the brutal expansion of Baoshang Bank, violating regulations to approve capital increase and share expansion by regulated institutions, and the establishment of rural banks in violation of regulations.
Using the convenience of his position to seek benefits for others in administrative licensing, on-site inspections, off-site supervision, loan extensions, interest reduction and exemption, and equity participation in rural banks, etc., and request and receive huge amounts of property, suspected of taking bribes.
In the report, Chen Zhitao was accused of being a party member and leading cadre who had lost his ideals and beliefs, abandoning his supervisory duties, and cheered for the brutal expansion of Baoshang Bank's platform, which severely damaged supervisory authority and credibility.
He has long been involved in the personnel work of regulated institutions, and arranged high-paying positions for many relatives and specific related persons in financial institutions; he is keen to organize and participate in eating and drinking banquets that affect the fair execution of official duties, and has a bad atmosphere; he wants to be an official and is keen to make money and use During the holidays and children's marriages, they repeatedly collected money and broke discipline and law.
Chen Zhitao mistakenly believed that "the right to use it, and the expiration of invalidation" has developed from the initial "small greed" to "big money" before retirement.
On the same day, the official website of the State Supervision Commission of the Central Commission for Discipline Inspection stated that the "fall" of Baoshang Bank was rooted in the continued "empty" of illegal financial groups, but regulatory corruption is also an important boosting factor. Since November 2019, the Disciplinary Inspection and Supervision Team of the China Banking and Insurance Regulatory Commission and the Commission for Discipline Inspection of the Inner Mongolia Autonomous Region have worked together for one year to find out that six cadres, including the former party secretary and director of the Inner Mongolia Banking Regulatory Bureau, Xue Jining, used power for personal gain, long-term shelter and connivance of Baoshang Bank’s brutal expansion and illegal expansion. Management issues. Thorough investigation of the corruption behind the risk is to more effectively prevent and defuse the risk. (Finish)