(Economic Watch) Severely punish corruption in the financial sector Politburo meeting releases strong signal again
China News Agency, Beijing, February 25 (Reporter Wang Enbo) The Political Bureau of the CPC Central Committee held a meeting on February 25.
The meeting emphasized that it is necessary to strengthen the prevention and control of financial risks and resolutely safeguard the overall situation of financial stability.
It is necessary to innovate and improve the power supervision system and the discipline and law enforcement system, so that the punishment of corruption in the financial sector and the disposal of financial risks are simultaneously advanced, the serious accountability and the recovery of assets and losses are simultaneously advanced, and the establishment of the system and the strengthening of the implementation of the system are advanced simultaneously.
In recent years, anti-corruption in China's financial sector has continued to be under high pressure.
From "approval and supervision" and "financial credit" as key areas and key links of anti-corruption, to "doing a good job in financial anti-corruption and handling financial risks in a coordinated way", and then emphasizing "promoting the punishment of financial corruption and the prevention and control of financial risks in one piece" ”, a series of vigorous actions were carried out in an orderly manner.
In October 2021, the 15 inspection teams of the eighth round of inspections of the 19th Central Committee completed the inspections of 25 financial units.
The round of inspection has just completed feedback recently.
The Politburo meeting pointed out that the eighth round of inspections of the 19th Central Committee has achieved remarkable results and played a role in political supervision.
Adhering to the principle that finance serves the real economy, severely punishing corruption in the financial sector, and effectively resolving major financial risks, new achievements have been made in the development of China's financial industry.
At the same time, the inspection also found that there are still many outstanding problems in financial units, some of which are common and must be seriously resolved.
It is necessary to consolidate the main responsibility for rectification, strengthen the daily supervision of rectification, and promote the solution of one problem by one.
With the deepening of financial anti-corruption, many senior officials in the financial system have been "sacked" since last year.
The work report of the Sixth Plenary Session of the 19th Central Commission for Discipline Inspection mentioned in reviewing the work in 2021, "promoting the punishment of financial corruption and the prevention and control of financial risks in an integrated manner, and strictly investigate Cai Esheng, He Xingxiang, Song Liang and others who use the power of financial supervision and approval and financial resources to engage in corruption. 'Inner ghost'." Among them, some are former vice-chairmen of China Banking Regulatory Commission, and some are former vice-presidents of China Development Bank, who once held important positions in the financial system.
Talking about the relationship between financial corruption and financial risks, Dong Ximiao, a part-time researcher at the Financial Research Institute of Fudan University, said in an interview with a reporter from China News Agency that from some cases in recent years, the two often go hand in hand and cause each other.
"There may be financial corruption behind major financial risk events, and this corruption will also lead to further growth and expansion of risks."
Xu Jiaai, head of the Disciplinary Inspection and Supervision Team of the Central Commission for Discipline Inspection and the National Supervisory Commission in the People's Bank of China, once said that the central bank is the "general gate" of monetary policy and the "general gate" of financial risks, and it undertakes many financial service functions and manages many financial services. Infrastructure is closely related to the people. Once financial corruption and financial risks occur, it will inevitably endanger economic and social development and the interests of the general public.
Judging from the past cases of duty-related crimes and financial risk incidents in the financial field, there are not only "unlicensed driving" caused by "unsound systems", but also "non-compliance with rules" and "laws" caused by "unimplemented systems". not relying on”.
In recent years, Chinese officials have repeatedly emphasized that finance should return to serving the real economy.
However, in the anti-corruption TV feature film "Zero Tolerance", which was broadcast at the beginning of the year, it was disclosed that Sun Deshun, former deputy secretary of the party committee and president of China CITIC Bank Co., Ltd., reduced manufacturing loans and increased real estate loans in pursuit of political achievements and personal interests.
In February 2020, the China Banking and Insurance Regulatory Commission issued a huge administrative penalty fine of 22 million yuan to China CITIC Bank, and 13 of the 19 penalties involved real estate business.
Experts believe that to prevent such behaviors, it is necessary to further tighten the institutional cage and weave a tight financial risk "protection net".
The Politburo meeting emphasized that it is necessary to further promote the reform of the financial sector and continuously improve the modernization level of the financial governance system and governance capacity.
Dong Ximiao believes that in recent years, China's financial anti-corruption has achieved positive results, and the punishment of illegal institutions has increased, forming an effective deterrent, and the entire financial industry has been turned around.
Dai Yanjun, a professor at the Central Party School (National School of Administration), said that some major corruption cases have revealed that the corruption problems behind the transfer of interests and power and money transactions are harmful and destructive.
It can be expected that in the future, the anti-corruption efforts in the financial services and other economic fields will be stronger and stronger.
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