China News Service, Beijing, March 13 (Wei Xianghui) Eight years after his retirement, Li Jiping, former member of the Party Committee and Vice President of the China Development Bank, was investigated.
In recent years, the China Development Bank has lost many people in the anti-corruption campaign in the financial system.
The "financial tiger" who has been retired for 8 years is under investigation
On March 13, according to the website of the Central Commission for Discipline Inspection and the National Supervisory Commission, Li Jiping, former member of the Party Committee and Vice President of the China Development Bank, was suspected of serious violations of discipline and law and is currently undergoing disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.
Li Jiping.
Image source: Website of the Central Commission for Discipline Inspection and the State Supervision Commission
Public information shows that Li Jiping was born in Dalian, Liaoning in 1955. He is a senior economist and worked at the head office of China Construction Bank in his early years.
Since March 1994, he has worked at the China Development Bank, serving as the director of the Policy Research Office and the president of the Sichuan Branch. From September 2008 to January 2016, he served as the vice president of the China Development Bank.
Eight years after his retirement, Li Jiping resigned.
Also under investigation after retirement was Wang Yongsheng, former party committee member and vice president of the China Development Bank.
He was investigated in July 2023.
On January 11 this year, the Supreme People's Procuratorate issued a notice disclosing the progress of Wang Yongsheng's suspected bribery case.
After designated jurisdiction by the Supreme People's Procuratorate, the People's Procuratorate of Jilin Province made a decision to arrest Wang Yongsheng on suspicion of bribery in accordance with the law.
The case is under further processing.
Two months before Wang Yongsheng was investigated, in May 2023, Zhou Qingyu, member of the Party Committee and Vice President of the China Development Bank, was investigated.
On December 14, 2023, the Supreme People's Procuratorate reported that after being designated by the Supreme People's Procuratorate to have jurisdiction, the Jilin Provincial People's Procuratorate made a decision to arrest Zhou Qingyu on suspicion of accepting bribes and using influence to accept bribes in accordance with the law.
The case is under further processing.
Earlier, in June 2016, Yao Zhongmin, the former deputy secretary of the Party Committee and Chairman of the Board of Supervisors of the China Development Bank, was investigated; in July 2019, the former Party Secretary and Chairman of the China Development Bank Hu Huaibang was investigated; in September 2021, the then State Development Bank He Xingxiang, a member of the bank’s party committee and vice president, was investigated.
In addition to the head office leaders, many branch managers of China Development Bank were also investigated.
Since December last year, Li Gang, the former president of the Guizhou Branch of the China Development Bank, Zhang Chi, the former president of the Jilin Branch, and Yu Zeshui, the former president of the Shandong Branch, have successively resigned.
Corruption cases have been alleged to have seven typical characteristics
According to information on the official website of the China Development Bank, the China Development Bank was established in 1994. It is a state-owned development financial institution with independent legal person status that supports the development of key areas and weak links in China’s economy.
As of the end of 2022, the total assets of the China Development Bank Group were 18.2 trillion yuan.
In April 2023, the Fifth Inspection Team of the Central Committee of the Communist Party of China carried out a "look back" inspection of the Party Committee of the China Development Bank for about two and a half months.
The meeting proposed that we should focus on the "top leaders" and leadership teams, focus on power and responsibilities, and conduct an in-depth inspection of the actual actions and results of financial institutions in implementing the rectification requirements of the previous round of inspections.
In June 2023, the Discipline Inspection and Supervision Team stationed at the China Development Bank held a special meeting on comprehensive and strict party governance with the Party Committee of the China Development Bank.
The Discipline Inspection and Supervision Team stationed at the China Development Bank pointed out that since the 18th National Congress of the Communist Party of China, many cadres of the China Development Bank have been investigated for corruption. The corruption cases include high-level personnel involved, long-term corruption, numerous series of cases, and frequent occurrences in the credit infrastructure field. Those born in the 1950s and 1960s are mainly those born in the 1950s and 1960s, and they have seven typical characteristics: a trend of younger generation, serious problems of corruption and corruption, and prominent new hidden corruption.
At the beginning of this year, the plenary session of the Central Commission for Discipline Inspection named the financial sector.
The meeting called for continued and in-depth advancement of the anti-corruption struggle and serious investigation and handling of corruption issues in finance, state-owned enterprises, universities, sports, tobacco, medicine, grain purchase and sales, statistics and other fields.
Make severely punishing corruption involving political and business collusion a top priority, and deepen the fight against corruption in finance, state-owned enterprises, energy, tobacco, medicine, infrastructure projects, bidding and other fields.
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