[Epoch Times October 05, 2021]On October 5, Zeng Changhong (female), the former first-level inspector of the Investor Protection Bureau of the Securities Regulatory Commission (Insurance Bureau of the China Securities Regulatory Commission), was suspected of “serious violations of the law” and is currently accepting survey.
Zeng Changhong, 60, has worked in the financial system of the Chinese Communist Party for more than 30 years. She was transferred to the China Securities Regulatory Commission in December 1998 and successively served as a cadre and division chief of the Inspection Bureau of the CCP; a cadre, division chief, and deputy inspector of the issuance supervision department of the CSRC; Deputy Director of the Supervision Department; from December 2016 to August 2019, he served as an inspector and a first-level inspector of the Insurance Bureau of the China Securities Regulatory Commission. Resigned in August 2019.
The official CCP report did not mention the reason for Zeng Changhong’s downfall.
On September 30 this year, Tong Daochi, former member of the Standing Committee of the Hainan Provincial Party Committee and former secretary of the Sanya Municipal Party Committee, was prosecuted for “bribery and insider trading”. Tong Daochi was accused of telling others to buy and sell relevant stocks after he was informed of relevant stock insider information during his tenure as deputy director of the Issuance Supervision Department of the China Securities Regulatory Commission.
Lu Media reported that during Tong Daochi’s tenure as Deputy Director of the Issuance Supervision Department of the China Securities Regulatory Commission, Zeng Changhong was his subordinate.
On September 26, the eighth round of the 19th Central Committee of the Communist Party of China inspected the party organizations of 25 financial institutions including the People’s Bank of China and the China Banking and Insurance Regulatory Commission.
According to statistics from Lu Media, since this year, at least 29 people in the financial system have been sacked, involving financial regulatory agencies, banks, insurance, asset management companies and other fields.
On July 30 this year, Cai Esheng, former party committee member and vice chairman of the China Banking Regulatory Commission, was investigated.
On March 31, Guo Hong, director of the Institutional Supervision Department of Rural Small and Medium-sized Banks of the China Banking and Insurance Regulatory Commission, was investigated.
Since the 18th National Congress of the Communist Party of China, a large number of officials in the mainland financial system have been investigated or sentenced for corruption. These include officials from the āone bank, three committeesā (the central bank, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission) and the officials of the China Securities Regulatory Commission.
Previously, officials from the CCPās Securities Regulatory Commission system included Vice Chairman Yao Gang, Assistant Chairman Zhang Yujun, Director of the Investor Protection Bureau Li Liang, Director of the Issuance Supervision Department Li Zhiling, and former Deputy Inspector of the Shanxi Supervision Bureau Jia Minxiu.
Officials from the CBRC system include Wang Yanxiu, secretary of the Party Committee of the Banking Association, Li Lin, director of the Liaoning Banking Regulatory Bureau, Dou Renzheng, deputy head of the Organization Department of the CBRC Party Committee and deputy director of the personnel department, and Jiang Fengli, former director of the Nanyang Banking Regulatory Bureau, Henan.
Editor in charge: Xu Menger
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