Thursday , March 30 2023

Chen Simin: Financial Anti-Corruption Signal issued by Discipline Inspection Central Commission |


According to the statement, this year the Central Disciplinary Inspection Commission proposed eight directions of work, the sixth point of which stated "to increase anti-corruption efforts in the financial sector" and its specific actions under the "Disciplinary Inspection and Monitoring Manual" are "decisively interrupted" Crocodile and the chain of "financial ghosts". "And this statement must be a well-known foreign world. Two years ago, in July 2017, Xi Jinping personally led the National Financial Work Conference every five years, in which he mentioned that financial anti-corruption is not only an important administrative objective, but also increases After the meeting, senior financial supervisors unanimously stated that they were investigating a "financial crocodile" – a "financial ghost" dealing with electricity trading and transfer of interest.

It is evident that financial predators and ghosts have been involved in the last two years: in January 2017, Xiao Jianhua, Chairman of the Board, Xiang Junbo, Chairman of the former Insurance Regulatory Commission, Yang Jiacai, Director of China's Banking Regulatory Commission, Wu Xiaohui, June Anbang Group Chairman. Ye Xinming from Huaxin Group and Lai Xiaomin, Huarongyuan Chairman in April.

After Lai Xiaomin's fall in financial anti-corruption is an unprecedented step. In November 2018, Zhao Leji attended a meeting on the mobilization and implementation of institutional reforms and announced that the financial institutions responsible for public authorities and insurance companies would be directly deployed in a discipline inspection and monitoring group to replace the internal regulatory agencies. The media found that at least 15 central financial institutions, including: China Development Bank, China Exim Bank, CITIC Group, China Everbright Group, China Life Insurance, PICC Group, Taiping Insurance Group, China Export Credit Insurance, were present in the Discipline Inspection and Monitoring Group. Corporation and other banks. And insurance companies.

In this way, combating this year's financial corruption will be most affected as a central financial company. In addition to being a place of corruption, it is also linked to the implementation of important management. For example, in order to solve the current real economic dilemma, the main problem is the liquidity problem, so the central bank lowered the release of funds, which resulted in money being held in the hands of the bank for various excuses and not included in the real economy. Economic thirst.

In fact, these funds are still the other way around – the state-owned big banks and middle management financial institutions have not been monitored in the past, and they have always been the birthplace of the big self-government and financial crocodile, and Xiao Jianhua and Wu Xiaohui have made it clear that the bank's top officials have done great splash. A huge amount of money is being subscribed, and state-owned bank funds are becoming vending machines for these predators.

An example is the recent case of Wang Sanyunguan, former secretary of the Gansu Provincial Party, Hu Huaibang, then President of China Development Bank, providing financial assistance to Huaxin Ye Jianming, but only one Hainan branch earned $ 4.8 billion. Credit line.

In fact, from the past to the present, many big financial things have repeatedly explained this triangle of chain of interests, ghosts, predators and big financiers. Hundreds of millions of fundraising funds for the financial crocodile are not out of their pockets, but the financial managers with the power of approval have also seen the political forces behind these crocodiles that help them.

As a result, there is currently no chain of interests in the financial sphere of ghosts and capital predators. Predators such as Xu Ming, Liu Han, and even Zhou Yongkang's son Zhou Bin, Zeng Qinghong's son Zeng Wei, Jiang Zemin's son Jiang Mianheng, Sun Zijiang Zhicheng, the first gold bucket and ultimately the national big bank "investment".

As we all know, Jiang Mianheng bought Shanghai United Investment Corporation in Shanghai with more than 100 million yuan of "loans" in 1994 from Shanghai Economic Commission. In 2000, Jiang Mianheng and son of Taiwanese businessman Wang Yongqing announced a cooperative electronics company with a total investment of US $ 6.4 billion. However, according to Wang Wenyang, in fact, he did not pay a penny, all of which were made by Jiang Mianheng of the bank. In the early years, it was rumored that Jiang Mianheng had a phone call, and the state-owned bank was counted for 24 hours.

Michael Pillbury, an expert on Chinese issues at the White House and familiar with China, wrote in his book that "the huge monopoly sector, which accounts for half of China's GDP, is in the hands of a very opaque red family." In the Chinese financial sector it is also a monopoly of the highlands, and the financial sector's resources are also indirectly monopolized by red lovers.

In any case, the Disciplinary Inspection Central Commission stated that combating this year's financial corruption, taking into account the involvement of this chain of interests, could also be rumors.

Source link