China Anti-Corruption Unit to Strengthen Efforts to Combat Corruption & Shadow Shareholders Arrangement, Focusing on Positions of Power, Funds & Resource Such as Finance Sector, State-Owned Enterprises & Commodities
25th February 2023 | Hong Kong
China anti-corruption unit (Central Commission for Discipline Inspection, CCDI) is strengthening its efforts to combat corruption and shadow shareholders arrangement, focusing on “Positions of Power, Funds & Resource” such as the finance sector, state-owned enterprises & commodities. See announcement below. Earlier in 2022 February, the former Head of China central bank People’s Bank of China Lanzhou branch Yang Mingji had been sentenced to 15 years jail and fined $160,000 (CNY 1.1 million) for receiving $4.4 million (CNY 30.3 million) in bribes and embezzling $728,000 (CNY 5 million) in public funds. Earlier in February 2023, the former Chairman of China Zheshang Bank Shen Renkang had been placed under investigation for suspected violations of law & corruption, with himself & wife taken by authorities for investigation in late January 2023. More cases on China corruption here:
“ China Anti-Corruption Unit to Strengthen Efforts to Combat Corruption & Shadow Shareholders Arrangement, Focusing on Positions of Power, Funds & Resource Such as Finance Sector, State-Owned Enterprises & Commodities “
The Central Commission for Discipline Inspection (CCDI) is the highest internal control institution of the Communist Party of China (CPC), tasked with enforcing internal rules and regulations and combating corruption and malfeasance within the Party. Since the vast majority of officials at all levels of government are also Communist Party members, the commission is, in practice, the top anti-corruption body in China.
China – The Central Commission for Discipline Inspection and the National Supervisory Committee
Google Translate | Chinese to English – Original Link
23rd Feb 2023 – The important speech delivered by General Secretary Xi Jinping at the Second Plenary Session of the 20th Central Commission for Discipline Inspection, standing at the strategic height of the overall development of the party and the country, profoundly explained the major proposition of always staying sober and firm in solving the unique problems of the big party. Clearly proposing major measures to improve the system of comprehensive and strict party governance, and making a strategic deployment for unswervingly advancing comprehensive and strict party governance is the fundamental follow-up to further promote the new great project of party building in the new era, and it is the discipline inspection of the new era and new journey The fundamental guidelines for the high-quality development of supervision work.
The inspection and investigation department of the discipline inspection and supervision agency is an important force to promote comprehensive and strict party governance in the new era. It must firmly grasp its own responsibilities and missions in the new era and new journey, and always remain sober and firm in solving the unique problems of the big party, and carry forward the great spirit of party building. Carry forward the spirit of thorough self-revolution, contribute to the party’s great self-revolution with high-quality review and investigation work, resolutely win the protracted battle against corruption, and provide a strong guarantee for the comprehensive construction of a modern socialist country.
Adhere to “two establishments” and “two maintenances” as the primary responsibility, and resolutely investigate and thoroughly investigate violations of political discipline
Discipline inspection and supervision organs undertake the major responsibility of maintaining the authority of the Party Central Committee and centralized and unified leadership. This is an inherently important mission and task of discipline inspection and supervision organs, and it is also a fundamental political responsibility. The inspection and investigation departments of the discipline inspection and supervision organs must take the lead in deeply understanding the decisive significance of the “two establishments”, strengthen the “four consciousnesses”, strengthen the “four self-confidence”, and unswervingly shoulder the major political responsibilities of the “two maintenances” to ensure that the whole party is The political stance, political direction, political principles, and political path are highly consistent with the Party Central Committee with Comrade Xi Jinping at the core.
In the review and investigation, we must continuously improve our political standing, improve our political judgment, political comprehension, and political execution, insist on looking at and investigating politically, keep an eye on the “seven things”, and seriously investigate and deal with violations of political discipline and political rules, severely punish the “double-faced” and “double-faced people” who are not loyal to the party, dishonest, and violate the law, and corrupt elements who engage in political gangs, small circles, and interest groups, and eliminate political hidden dangers within the party. We must resolutely investigate and deal with corruption where political and economic issues are intertwined, resolutely prevent leading cadres from becoming spokespersons and agents of interest groups and power groups, and resolutely prevent political and business collusion, capital infiltration into the political field, and other damage to the political ecology and economic development environment. It is necessary to focus on the characteristics of political discipline in the field of finance and state-owned enterprises, be good at studying and judging issues with a political perspective, discover the deep-seated political roots and political harm hidden behind the surface violations of discipline and law, and seriously investigate and punish those who ignore the party’s financial work and state-owned enterprises. As for the lack of deep understanding of the political nature of Chinese-style finance and state-owned enterprises, the nature of the people, the unsteady stand, and the vacillating direction, we will seriously investigate and deal with the ineffective decision-making and deployment of financial services for the real economy, preventing and defusing risks, abandoning regulatory responsibilities, and Issues such as reducing financial order defenders to financial risk creators.
Maintain a strict tone, strict measures, and a strict atmosphere that will not be relaxed, more effectively curb the increase, and more effectively clear the stock
“The situation is still severe and complicated” and “the task of curbing the increase and clearing the stock is still arduous” is one of the important aspects of the Party Central Committee’s new major judgment on the situation of the anti-corruption struggle. Keep zero tolerance and deterrence unchanged, and high-pressure punishment forces always in place” is the latest deployment requirement made by the Party Central Committee for the fight against corruption. The inspection and investigation departments of the discipline inspection and supervision organs must unify their thoughts and understandings into the major judgments and decision-making arrangements of the Party Central Committee, deeply understand and grasp the important conclusion that anti-corruption is the most thorough self-revolution, and always adhere to problem orientation, maintain strategic focus, and carry forward A thorough self-revolutionary spirit, resolutely abandoning the idea of resting one’s feet, putting an end to negative and slack emotions, earnestly shouldering the responsibilities and missions of the investigation and investigation room, and maintaining the high pressure of inspection and investigation with the sobriety and indomitable attitude of struggle. The situation remains the same, the intensity is not reduced, and the scale is not loose. Cases are handled one by one, and issues are investigated one by one, forming a good situation of rolling cases and pressing stubble forward, and always blowing the charge.
It is necessary to highlight the key points of work, always keep in mind the “big country”, closely focus on serving and promoting the implementation of the “three new and one high” strategic orientation, give full play to its functional role, and closely connect with the new strategic opportunities and new strategic tasks facing my country’s development , the new strategic stage, new strategic requirements, and new strategic environment, centering on the implementation of the party’s 20th major strategies, major tasks, and major measures, identify the entry point and focus of serving and guaranteeing the overall situation of modernization, and provide China with provide a strong guarantee for modernization and the great rejuvenation of the Chinese nation.
It should be combined with the specific responsibilities and tasks undertaken by financial institutions and state-owned enterprises to seriously investigate and deal with the implementation of choices, flexibility, and discounts, so as to ensure that the decision-making and deployment of the Party Central Committee are not biased, flexible, or out of shape. It is necessary to deepen the governance of industrial and systemic corruption, continue to increase the punishment of corruption in areas such as finance, state-owned enterprises, and grain purchases and sales, where power is concentrated, capital-intensive, and resource-rich. As the top priority, seriously investigate and deal with the corruption of people around leading cadres who use their influence for personal gain. Intensify the investigation and punishment of new types of corruption and hidden corruption such as “shadow shareholders”, “shadow companies”, “political and business revolving doors”, “early nesting” and “escape resignation”, resolutely cut off the link between power and capital, The field of central enterprises has formed a powerful deterrent to punish corruption.
Grasp the rules and methods of discipline inspection and supervision work in the new era, and strive to promote the high-quality development of review and investigation work
Adhere to promoting the “three non-corruption” in an integrated manner. Effectively linking dare not to be corrupt, not being able to be corrupt, and not wanting to be corrupt, the three are working simultaneously, in the same direction, and comprehensively, combining the deterrent force of not daring to be corrupt, the binding force of not being able to be corrupt, and the appealing force of not wanting to be corrupt . Adhere to the extensive and in-depth advancement of the review and investigation work, strengthen the awareness of deep digging and expansion, pay attention to digging out the cases in the case, and transfer them as the case is handled, forming a powerful force for integrated punishment. Persist in handling cases, analyzing them, and rectifying them at the same time, applying the concept of systematic treatment and treating both symptoms and root causes throughout the entire process of review and investigation, and timely making suggestions to relevant units for problems and loopholes found in case handling. Make good use of the “rich mine” of reviewing and investigating objects, and guide and supervise the formation of opinions and suggestions. Implement the requirements of one notification per case and one summary per case, and do a good job of “the second half of the article” around the cases handled, and promote the units, industries, and fields where the cases occurred to learn lessons deeply, and make up for the shortcomings of the system.
Adhere to the “integration of wind and corruption” investigation. Deeply aware that the eight central regulations are an act of our party in the new era to establish trust in the new era, and deeply grasp the endogenous relationship between unhealthy trends and corruption issues, which are both external and internal, have the same root, and come from the wind and corruption. Firmly establish the concept of “integration of wind and corruption” investigation, “make a big deal out of molehills” in correcting the “four winds” issues, crack down on them when they show up, strictly investigate and deal with them, and investigate the violations of the spirit of the eight central regulations and the “four winds”. Thorough investigation, with iron-like discipline, prevent rebound and resurgence, prevent invisible mutation, and prevent fatigue and war weariness. Deepen the understanding of the manifestations and characteristics of the “Four Winds” in the field of finance, state-owned enterprises and industries, resolutely abandon erroneous arguments such as “exceptionism”, “particularity”, “superiority”, “irrelevance”, and “business needs”, and eliminate the “financial elite” Discuss erroneous ideas such as “money-only theory” and “the theory of parity with the West”, rectify the hedonism and extravagance of excessive pursuit of “refinement” of life and “high-end taste”, and rectify the “hidden rules” and unhealthy tendencies of the industry, Eliminate the “broken window” effect, the mentality of “the law does not blame the public” and the mentality of “comparing bad”, and continuously strengthen the dams in the financial and central enterprises to implement the spirit of the eight central regulations.
Adhere to penetrating review and investigation. Actively adapt to the new situation of invisible variation, renovation and upgrading of corruption means, consciously establish a penetrating concept, strengthen big data thinking, holistic thinking, and see the essence of thinking through phenomena, find clues to problems, restore the truth, and uncover Disguise and cover-up under the cloak of “market-oriented” and “professional” operations. Have the courage to innovate and make breakthroughs, actively explore the application of “non-useful” crimes with industry characteristics, further clarify the boundaries of legality, violation of discipline, illegality, and crime, and continuously enrich the disciplinary methods for punishing new types of corruption and hidden corruption.
Insist on investigating both bribery and bribery. Consciously abandon narrow judgments such as the need to handle cases, continue to deepen the understanding of the significance of investigating bribery together with bribery, maintain the determination and will to punish bribery, and increase the intensity of criminal responsibility of bribers and increase illegal profits for bribers. The intensity of recovery and the implementation of the comprehensive punishment mechanism shall be strengthened to form and strengthen the comprehensive system of governance and bribery of “dare not to offer bribes because of severe punishment according to law, should not pay bribes due to pursuit of improper income from bribery, and do not want to offer bribes because education guides bribers to operate in a law-abiding manner” In order to improve the effect, efforts should be made to reduce the soil where corruption breeds, and to create and promote a good trend of advocating integrity and resisting corruption.
Persist in strengthening the overall thinking. Always keep in mind the “big country”, strengthen overall thinking and systematic thinking, abandon the concept of case-based handling, be good at analyzing problems from a strategic height and an overall perspective, and coordinate case handling and safety, crackdown and protection, anti-corruption of central enterprises and promotion of high-quality development, Financial anti-corruption and prevention and control of risks and other issues, promote the punishment of financial corruption and the prevention and control of financial risks, the accountability and the restoration of stolen goods, the punishment of corruption in central enterprises and the promotion of state-owned assets, and consciously obey the service to ensure the overall situation of modernization.
Keeping in mind the requirement of being a loyal guardian of the party and the people, forge an iron army of review and investigation that can take on the heavy responsibility of the new era and new journey
The high-quality development of review and investigation work cannot be separated from a team of cadres who are politically sound, capable, and disciplined. We must always take political construction as the guide, deeply understand Xi Jinping’s new era of socialism with Chinese characteristics, strengthen political experience, ideological refinement, and practical training, constantly improve political capabilities, and always ensure absolute loyalty to the party. It is necessary to strengthen capacity building, make good use of in-depth study, field research, and grasp the implementation of working methods, focus on the cases handled and the fields and industries in charge, strengthen the study and research of professional knowledge, strengthen the analysis of typical cases, constantly innovate thinking, accumulate experience, and deepen Understand the laws of anti-corruption struggles in the fields of finance and state-owned enterprises, and enhance the ability to accurately identify the nature of new types of corruption and hidden corruption using disciplinary thinking. Adhere to the participation of all staff in combat and practical training. Through the combination of doing and learning and promoting learning by doing, we will train the team on the front line, refine our style of work, increase our skills, and explore the development of case-based teaching. It is necessary to strengthen the system construction, focus on the weak links and risk points of the review and investigation, continuously improve internal control measures, refine the system norms, pay close attention to implementation, effectively enhance the team’s awareness of the rule of law, procedures, and evidence, and improve work standardization, rule of law, and regularity. level. It is necessary to strengthen the construction of integrity and discipline, combine the theme education that will be carried out in the whole party, highlight pure thinking and pure organization, do a good job in educating and rectifying the discipline inspection and supervision cadre team, strictly enforce daily management, be brave in turning the blade inward, and resolutely prevent “under the lights” black”. It is necessary to strengthen the construction of work style, consciously carry forward the great spirit of party building, and take the lead in creating an atmosphere of hard work, daring to fight, and good at fighting, and create a culture of upward kindness, cooperation and tolerance, pragmatism and enterprising, and good at doing good things, forming a “high position” and ” The style of combining practical work. (The Thirteenth Inspection and Investigation Office of the Central Commission for Discipline Inspection and the National Supervisory Commission).
China Central Commission for Discipline Inspection
The Central Commission for Discipline Inspection (CCDI) is the highest internal control institution of the Communist Party of China (CPC), tasked with enforcing internal rules and regulations and combating corruption and malfeasance within the Party. Since the vast majority of officials at all levels of government are also Communist Party members, the commission is, in practice, the top anti-corruption body in China.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- June 2024 - Hong Kong
- June 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Investment Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
