[The Epoch Times, June 9, 2022](Reported by Zhang Zhongyuan and Jia Wei, reporters from The Epoch Times Special Department) Xi Jinping authorities continue to purge senior financial officials. Recently, more than ten financial executives have been investigated, Lin Zhiyong, the former president of PICC Property and Casualty, has been sacked, and Shen Dong, the former vice president, has been “double-opened”.
Lin Zhiyong, the former president of PICC Property and Casualty, was taken away for investigation on May 26. On May 31, the official website of PICC Group announced that Lin Zhiyong had been reviewed and investigated, and that the corruption behind the financial risk incident would be “carpeted”. rectification”.
According to public information, 59-year-old Lin Zhiyong is from Yongchun, Fujian, and has been working in PICC for nearly 30 years. , as the business director of PICC Group. Until April this year, Lin Zhiyong resigned from the management of PICC Group and only served as a specially-appointed expert of PICC Group.
Not long ago, the website of the Central Commission for Discipline Inspection of the Communist Party of China announced on May 25 that Shen Dong, the former vice president of PICC Property and Casualty, who was investigated in December 2021, found that he took advantage of his position to illegally possess public property. , suspected of corruption, suspected of bribery, etc., has been “double-opened” (expelled from the CCP and public office).
According to public information, Shen Dong, who was born in Guangxi in 1968, served as a staff member, assistant to the director of the Planning and Finance Department, deputy director, director, and deputy general manager of the Guangxi Branch of the People’s Insurance Company of China from July 1992 to July 2007. From 2007 to 2017, he served as the deputy general manager of the financial and accounting department, the general manager of the financial and accounting department, the chief accountant, the person in charge of finance and the general manager of the financial and accounting department of PICC Property and Casualty Insurance Company; January 2017 to December 2021 In May, he was appointed as a member of the Party Committee, Vice President, Chief Accountant, and Chief Financial Officer of PICC Property & Casualty.
In the past two years, the Xi Jinping government has stepped up its efforts to clean up the financial system, and financial executives have been sacked. In May alone, more than a dozen financial executives were investigated intensively.
According to the CPC Hubei Provincial Commission for Discipline Inspection and Supervision, Chen Dalin, chairman of Hubei Bank, and Hu Dan, deputy general manager of Hubei United Development Investment Group Co., Ltd., were investigated on May 30 and 31, respectively.
On the evening of May 23, the website of the National Commission for Discipline Inspection of the Communist Party of China issued two messages in succession, and Duan Huiquan, the vice president of the Kunming Central Sub-branch of the Central Bank of the Communist Party of China (the People’s Bank of China), and Liu Ying, the vice president of the Guiyang Central Sub-branch of the Central Bank of the Communist Party of China, were all investigated.
From May 8th to 20th, seven financial system executives were sacked: Zhu Zhilong, second-level inspector of the Hunan Supervision Bureau of the China Securities Regulatory Commission, Su Xinfa, former member of the Party Committee of PICC Investment Holdings Co., Ltd., and Assistant General Manager of China Export & Credit Insurance Corporation Ningbo Branch Shen Shuhuan, Huang Xi, former general manager of the Institutional Business Department of China Construction Bank, Su Shude, president of China Everbright Bank Nanning Branch, Chen Yong, vice chairman and president of China Continent Property & Casualty Insurance Co., Ltd., and Gao Haisheng, vice president of Bank of China Gansu Branch, were all arrested. investigation.
Times commentator Yao Sheng (pseudonym) told The Epoch Times that executives in the financial system have been sacked one after another, which shows that the power struggle among the CCP’s top leaders is very fierce for “money bags”. For example, he said that some time ago, many village and town banks in Henan exploded, and some people worked hard to save money for a lifetime, but they couldn’t get it out. “The current situation in China is like this. Those in power don’t take the common people seriously, and the people will always suffer.”
Editor in charge: Lian Shuhua