Zhao Leji attending the deployment will reveal the next step of the Commissions anti-corruption campaign

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 Zhao Leji attending the deployment will reveal the next step of the Commissions anti-corruption campaign


On November 2, Zhao Lejie, Secretary of the Central Discipline Commission, attended a deployment meeting to deepen the reform and mobilization of the accredited agencies of the Central Discipline Commission.

At this meeting, the next major action of the Central Commission for Discipline Inspection was revealed, that is, to send a disciplinary inspection and supervision team to the central financial enterprises.

After the Eighteenth National Congress, there have been successive failures in Chinas central financial enterprises, including two big tigers, Yao Zhongmin, former supervisor of the State Development Bank, and Wang Yincheng, former president of the Peoples Insurance Group.

change

Before focusing on the key points, we should roughly comb the situation of the last round of accredited institutional reform.

In December 2014, the Standing Committee of the Political Bureau of the Central Committee deliberated and adopted the Opinions on Strengthening the Construction of the Central Disciplinary Commissioned Institutions. It is clear that the accredited institutions will be set up through new ways and adjustments to achieve full coverage of the accredited institutions of the Party and state organs at the central level.

According to Chen Wenqing (then Deputy Secretary of the Central Discipline Commission), in more than 140 Party and state organs at the central level at that time, the Ministry of Supervision of the Central Discipline Commission had only 52 units stationed, while the remaining more than 80 did not.

In March 2015, the Central Discipline Commission established seven new heads of discipline inspection teams to report to the Central Office, the Central Organization Department, the Central Propaganda Department, the Central United Front Department, the organs of the National Peoples Congress, the State Office and the National Political Consultative Conference for the first time in the history of the Party.

In November 2015, the Central Office issued the Plan for the Full Implementation of the Deployment of Discipline Inspection Institutions by the Central Discipline Commission to Party and State Organs at the Central Level. It made it clear that the Central Discipline Inspection Commission had set up 47 accredited agencies (27 in a comprehensive way and 20 in a separate way) to achieve full coverage of 139 accredited disciplines inspection institutions by the Party and State Organs at the Central Level.

But since this year, many important events have taken place, such as the implementation of the Supervisory Law, such as the establishment of the State Supervisory Commission. It is an obvious fact that the object of supervision of the Discipline Inspection Commission is not only Party members and cadres.

Delta monitoring method

To the outside world, the expansion of oversight objects means the expansion of the powers of the accredited agencies, which is also reflected in the document of 30 October:

Give the accredited agencies the power to supervise. The accredited agencies should not only perform the duties of supervising, disciplining and accountability in accordance with the Party Constitution and other intra-Party regulations, but also perform the duties of supervising, investigating and disposing in accordance with the Constitution and the Law of Supervision, and exercise full supervision coverage over public officials exercising public power.

In other words, the overseers will multiply.

There is another sentence in the Central Document: Classified measures should be taken to promote the reform of discipline inspection and supervision system in Colleges and Universities under the central administration, such as medium-sized enterprises, medium-sized financial enterprises, Party committee secretaries and principals.

According to the Peoples Daily, before that, the National Commission for Discipline Inspection of the Central Commission for Discipline Inspection had mainly stationed disciplinary inspection and supervision organs to the central and state organs. Discipline Inspection and Inspection Units (Discipline Inspection Committees) of the central-administered enterprises, financial enterprises, Party committee secretaries and principals of the central-administered universities were built-in institutions rather than stationed institutions.

How to classify policies is not known yet, but on the 2 days deployment meeting, Zhao Lejis argument is -

To carry out the work of dispatching discipline inspection and supervision teams to central financial enterprises in an orderly manner, and to steadily promote the reform of discipline inspection and supervision system in Institutions of higher learning under the central management by central management enterprises, Party committee secretaries and principals.

It is a major adjustment to focus on the discipline inspection and supervision group for financial management enterprises.

problem

Anti corruption in the financial system has always been a top concern.

In 2015, the central government achieved full coverage of 15 central financial enterprises.

In August 2013, the Central Inspection Group visited the Export-Import Bank of China. After that, the inspection feedback mentioned that some loans are not standardized, there are risks of integrity, and there are cases of using credit rights for personal gain.

In November 2015, the Central Inspection Group made a special tour of 31 Party organizations. One of the most important tasks of that special tour was 14 medium-sized financial enterprises.

Later, feedback shows that there are many problems.

For example, CIC has the following problems: public funds play golf without stopping, public funds travel abroad without stopping, marketing expenses out of control, frequent violations of discipline and law, and serious problems of interest transmission.

Inbreeding is more prominent in ICBC, some unitsleaders promote and adjust cadres in violation of regulations, some grass-roots organizations have the problem of seeking private interests by borrowing money, and some departments and branches use innovative business to seek private interests and so on.

The problems of extravagance, waste and luxury are prominent, office buildings exceed the standard severely, high-grade luxury hotels are built in many places, idle waste is serious, there are job-setting, promotion with illness, credit, procurement, construction and other key areas of integrity risk and moral hazard.

Financial anti-corruption

Along with the inspection work started, a number of officials in the financial management company were gradually investigated.

In December 2013, Dai Chunning, former vice-president of China Credit Insurance Co., Ltd., dropped his horse. Two years later (November 2015), Ma Lun, the former chief auditor of China Credit Insurance Co., Ltd., was inspected. In the same month, Hu Zhengming, former director of the Party Committee Office, was severely warned and removed from his post for interfering with the work of the Central Inspection Group during the period when the Central Inspection Group was stationed in the company.

In June 2016 and February 2017, two big tigers, Yao Zhongmin, former supervisor of the State Development Bank and Wang Yincheng, former president of China Peoples Insurance Group Co., Ltd., were pulled out successively.

In the same month that Wang Yincheng set up his horse, the Central Discipline Commission issued a circular that Yang Dongping, the former chief risk officer of the Bank of Communications, had been opened up. The circular said that he used his authority and position to help private entrepreneurs obtain loans.

Some branch leaders are also on the list.

On April 2017, Li Changjun, former Secretary of the Party committee and President of the Beijing branch of the China Import and export bank, was sacked.

In December 2017, Xue Feng, the former party secretary and governor of CCB Shandong branch, was sacked.

Chinas discipline inspection and supervision newspaper said:

The reform is clear. The accredited institutions are an important part of the State Supervision Committee of the Central Discipline Commission. They are under the direct leadership and unified management of the State Supervision Committee of the Central Discipline Commission. The primary task is to supervise the leading groups in the departments, their members and cadres at the Department and bureau levels.