China News Agency, Beijing, May 6 (Reporter Zhang Su) The reporter learned from the Supreme People's Procuratorate of China on the 6th that He Xingxiang, former member of the Party Committee and Vice President of China Development Bank, was suspected of taking bribes, issuing financial bills in violation of regulations, issuing loans illegally, and concealing overseas deposits. One case was investigated by the State Supervision Commission, and was assigned by the Supreme People's Procuratorate.

  Recently, the Third Branch of the Beijing Municipal People's Procuratorate has filed a public prosecution with the Beijing Third Intermediate People's Court.

  According to public information, He Xingxiang was born in 1963, a member of the Communist Party of China, and a postgraduate student.

He has been working in the financial system for a long time. In March 2003, he was appointed as a member of the Party Committee and Vice President of Bank of China Jilin Branch. In September 2004, he was promoted to Secretary of the Party Committee and President of Bank of China Hainan Branch.

  The prosecution charged that the defendant, He Xingxiang, took advantage of his positions as Party Secretary and President of Bank of China Hainan Branch, Party Secretary and President of Bank of China Shandong Branch, Vice President of Agricultural Development Bank of China, and Vice President of China Development Bank. , or take advantage of the convenient conditions formed by their powers and positions to seek benefits for enterprises and individuals through the behavior of staff members of other countries in their positions, and illegally accept other people's property, the amount is particularly huge.

  He Xingxiang, who has taken bribes for 17 years, is also suspected of other crimes.

The prosecution accused him of violating regulations as a bank employee by issuing letters of credit and letters of guarantee for others. The circumstances were particularly serious; as a bank employee, he issued loans in violation of state regulations, with a particularly huge amount and caused particularly heavy losses; as a state employee Violating state regulations, concealing and not reporting overseas deposits, the amount is relatively large.

  Beijing prosecutors believe that they should be held criminally responsible for the crime of accepting bribes, illegally issuing financial documents, illegally granting loans, and concealing overseas deposits.

  In September 2021, it was officially announced that He Xingxiang had been investigated, and in January this year, he was given a notice of expulsion from the party and public office.

He was accused of failing to implement the CPC Central Committee's decision-making on preventing and defusing financial risks, making flexible arrangements, and even acting on his own, abusing the power of financial approval to cause major financial risks and cause particularly huge losses to the country.

  China Development Bank was established in 1994, and its official website shows that the bank is the world's largest development financial institution and China's largest medium and long-term credit bank and bond bank.

According to the media, He Xingxiang is the second head office-level leader of the bank to "fall off the horse" after the former chairman Hu Huaibang.

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