Written by | Afterglow
On May 12, Xue Jining, former director of the Inner Mongolia Supervision Bureau of the China Banking Regulatory Commission, was tried. According to the prosecution's allegations, Xue Jining accumulated more than 400 million yuan!
The amount of Xue Jining's wealth even exceeded that of many "big tigers," and the amount of his corruption and dereliction of duty was shocking.
<h1 class="pgc-h-arrow-right" data-track="4" > has worked in the financial system for a long time</h1>
Xue Jining, male, Han ethnicity, born in February 1955, 66 years old, from Rugao, Jiangsu Province, joined the Communist Party of China in December 1974 and began working in July 1973.
In July 1973, the 18-year-old Xue Jining joined the team in Xinmin Commune, Rugao County, Jiangsu Province, and in September 1979, he went to the Finance Department of the Central Institute of Finance and Finance, and stayed at the college for four years. In March 1984, Xue Jining went to work for China Nonferrous Metals Industry Corporation.
From August 1985 to December 1999, Xue Jining successively served as the deputy director of the third division of the audit department of the Chinese Min bank, the vice president of the Jiangsu Zhenjiang branch (suspended post), the director of the non-bank financial institution division of the Audit Bureau, the director of the bank division of the audit supervision bureau, and the director of the second division of the supervision department.
In December 1999, he became the director of the Second Office of Case Inspection of the Central Financial Discipline Inspection Commission, and four years later, he was appointed deputy director of the Supervision Bureau of the China Banking Regulatory Commission.
From November 2003 to March 2015, he worked for the former China Banking Regulatory Commission for more than 11 years, including nearly seven years as Party Secretary and Director General of the Inner Mongolia Regulatory Bureau.
During his work at the Inner Mongolia Supervision Bureau, Xue Jining publicly stated that he would "increase the investigation and punishment of banks' irregular business practices."
In June 2012, Xue Jining told the media that in the future, the Inner Mongolia Banking Regulatory System will carry out independent or joint media inspections and secret visits from time to time, and for new bank irregular operation problems, they will be found together, investigated and punished together, exposed together, and the responsibility of relevant responsible persons will be seriously investigated.
In April 2014, he stepped down as Party Secretary and Director General of the Inner Mongolia Regulatory Bureau and became an inspector of the Inspection Office of the Party Committee of the China Banking Regulatory Commission (until March 2015). On June 4, 2020, Xue Jining was investigated.
<h1 class="pgc-h-arrow-right" data-track="4" > the case involving the baoshang bank, taking the lead in violating the law and discipline</h1>
Xue Jining was "jointly" investigated by the Discipline Inspection and Supervision Group of the Central Discipline Inspection Commission and the State Supervision Commission in the China Banking and Insurance Regulatory Commission and the Discipline Inspection Commission of the Inner Mongolia Autonomous Region.
On January 25, 2021, Xue Jining was expelled from the party. What is rare is that the number of words in the discipline inspection commission's briefing on him exceeds 1,000 words.
According to the circular, Xue Jining's first problem was "to discount and make changes in the implementation of the decision-making and deployment of the party Central Committee's financial work, to abandon the duty of supervision, to condone the barbaric expansion and illegal operation of Baoshang Bank, to boost the serious credit risk of Baoshang Bank, to cause a bad impact, to violate the original intention of the central government to establish a policy for the establishment of village and town banks, to violate the examination and approval, resulting in the development of local village and town banks deviating from the policy positioning and causing serious risks."
He was also accused of "disregarding the political responsibility of managing the party and governing the party, taking the lead in violating the law and discipline, and causing serious damage to the political ecology of the former Inner Mongolia Banking Regulatory Bureau system."
On May 24, 2019, Baoshang Bank, a former "star" bank, was jointly taken over by the Chinese Minzu Bank and the Banking and Insurance Regulatory Commission due to serious credit risks, setting off an uproar in the financial circle.
According to a later disclosure by the "China Journal of Discipline Inspection and Supervision," after the incident broke out, the discipline inspection and supervision group stationed at the meeting, together with the Discipline Inspection Commission of the Inner Mongolia Autonomous Region, continued to conduct peripheral mapping.
Since November 2019, 6 people have been investigated successively, in addition to Xue Jining, there are:
Liu Jinming, former member of the Party Committee of the Inner Mongolia Supervision Bureau of the China Banking Regulatory Commission
Jia Qizhen, former member of the Party Committee of the Inner Mongolia Supervision Bureau of the China Banking Regulatory Commission
Chai Baoyu, former member of the Party Committee and deputy director of the Baotou Banking Regulatory Bureau
Chen Zhitao, former deputy director of the Inner Mongolia Supervision Bureau of the China Banking Regulatory Commission
Song Jianji, former deputy secretary of the Party Committee and deputy director of the Inner Mongolia Supervision Bureau of the China Banking Regulatory Commission
The main person in charge of the party committee of the Inner Mongolia Banking and Insurance Regulatory Bureau has publicly stated, "It is unbelievable that during Xue Jining's 7 and a half years in office, the former Inner Mongolia Banking Regulatory Bureau has never studied and deployed the supervision of Baoshang Bank at the party committee meeting." ”
On January 25, 2021, Chen Zhitao and Song Jianji were expelled from the party on the same day. They were all subordinates of Xue Jining.
Chen Zhitao was accused of "abandoning his regulatory duties and cheering for the barbaric expansion of Baoshang Bank", and Song Jianji was accused of "indulging the barbaric expansion of Baoshang Bank, illegally approving the capital increase and share expansion of the regulatory authorities, and approving the establishment of village and town banks in violation of regulations".
<h1 class="pgc-h-arrow-right" data-track="4" > five poisons and shocking</h1>
Back to Xue Jining.
In the report of the Discipline Inspection Commission, Xue Jining "had all five poisons" and violated political discipline, the spirit of the eight provisions of the central authorities, and the discipline of honesty, organization, work, and life.
The circular mentions that Xue Jining:
Ignoring the political responsibility of managing the party and governing the party, taking the lead in violating the law and discipline, it caused serious damage to the political ecology of the former Inner Mongolia Banking Regulatory Bureau system
Leak the secrets of the patrol work in exchange for the benefit of their sons
Entering and leaving high-end clubs in violation of regulations, accepting valuable gifts in violation of regulations, taking part-time remuneration in violation of regulations, engaging in profit-making activities in violation of regulations, and using the convenience of their positions to help their sons seek profits
Intervene in personnel arrangements by regulators
Irregularities interfere with the credit operations of the regulated authorities
Having an improper sexual relationship with another person
They do not attach importance to the construction of family style, and they are unruly and uneducated to their spouses and children
Just today, Xue Jining was put on trial.
Prosecutors alleged that from 2002 to 2015, he received 37 units and individuals equivalent to 400437881 yuan.
Zheng Zhijun noted that his first wealth-gathering post was the director of the second office of the case inspection office of the Central Financial Discipline Work Committee, and then in different posts, he collected wealth for people by seeking profits in administrative licensing, on-site inspection, off-site supervision, handling loans, business contracting, setting up and taking shares in village and town banks.
<h1 class="pgc-h-arrow-right" data-track="4" > poisoning political ecology</h1>
The Discipline Inspection Commission's characterization of him mentions:
Xue Jining is lawless, political and economic issues are intertwined, ideologically, politically, and in action, he is at odds with the party, disregards the decision-making and deployment of the party Central Committee on strengthening and improving financial supervision and effectively preventing financial risks, abandons his regulatory duties and the bottom line of risks, and boosts the serious risks of Baoshang Bank and other financial institutions, causing a bad political impact
Taking the lead in seriously violating discipline and the law, and his deeds have led to a bad team and a corrupt atmosphere, and the members of the team have become corrupt in a "collapsed manner" during his tenure of office, which has seriously poisoned the political ecology of the former Inner Mongolia Banking Regulatory Bureau
He wants to become an official and wants to get rich, and from being willing to be "hunted" to actively seeking "hunting," corruption and dereliction of duty are shocking to the eye
Zheng Zhijun noted that Xue Jining was not the only "financial tiger" who accumulated more than 100 million yuan. Previously, Lai Xiaomin, the "financial tiger" who was executed, amassed a wealth of up to 1.788 billion yuan.
From the perspective of Inner Mongolia, two other "tigers" have accumulated more than 400 million yuan in the past two years, namely Yun Citizen, the former general manager of China Huadian Group Corporation who was tried on April 29 (who was once vice chairman of the Inner Mongolia Autonomous Region People's Government and was accused of accumulating more than 460 million yuan), and Xing Yun, former deputy director of the Standing Committee of the Inner Mongolia Autonomous Region People's Congress who was sentenced to a suspended death sentence and life imprisonment in December 2019 (accused of accumulating more than 449 million yuan).
Information | Xinhua News Agency, Inner Mongolia Daily, etc
Proofreading | Luo Jing
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