On the morning of November 5, the website of the Central Commission for Discipline Inspection and the State Supervision Commission released a heavy news of "fighting the tiger":
Fan Yifei, member of the People's Bank of China Party Committee and vice president, is suspected of serious violations of discipline and law, and is currently under disciplinary review and supervision investigation by the Central Discipline Inspection Commission and the State Supervision Commission.
Fan Yifei, 58 years old this year, has served in the financial system for 40 years, including 28 years in CCB, as vice president of CCB, and since 2015, he has served as a member of the People's Bank of China Party Committee and vice president, serving for more than 7 years. Two days ago, on November 3, Fan Yifei also attended the central bank's report meeting.
According to data published on the website of the Central Discipline Inspection Commission and the State Supervision Commission, Fan Yifei is the 26th central management cadre to be examined and investigated by the Central Discipline Inspection Commission and the State Supervision Commission so far this year, and he is also the "tiger" after the 20 th CPC National Congress.
Fan Yifei. Infographic
The day before yesterday, I also attended the report meeting
According to the central bank, Fan Yifei, born in August 1964, joined the Communist Party of China in June 1991, graduated from Minmin University of Chinese majoring in finance, doctoral candidate, and senior accountant.
Fan Yifei has been working for CCB since 1982 and can be described as the "old CCB". He started his career in the Changzhou City Center Branch of CCB Jiangsu Branch, and served as the assistant general manager and manager of the planning and finance department of China Construction Bank Trust and Investment Company, the deputy director of the capital planning department, the general manager of the financial accounting department and the general manager of the planning and finance department of the head office of China Construction Bank. In February 2000, the 36-year-old Fan Yifei took up the post of assistant president of China Construction Bank.
From March 2001 to October 2002, Fan Yifei went to Columbia University in the United States to study and obtained a master's degree in international economics. After returning to China, he briefly worked in the Three Gorges Office for training, and returned to CCB in 2004 as assistant to the president, participating in promoting CCB to become the first successful listing of the four major banks. At that time, Fan Yifei was in charge of the capital planning department and overseas investment within CCB, led a series of overseas investment and M&A transactions after CCB's listing, and established an overseas investment and M&A decision-making group.
In June 2005, at the age of 41, Fan Yifei was promoted to vice president and member of the Party Committee of China Construction Bank.
It is worth noting that during his tenure at CCB, Fan Yifei intersected with Tian Huiyu, the former president of CMB, who was ousted in April this year. Tian Huiyu spent most of her 26 years of career at CCB. From 2000 to 2010, when Fan Yifei served as assistant to the president and vice president of CCB, Tian Huiyu served as vice president of CCB Shanghai Branch and president of Shenzhen Branch respectively.
In March 2010, Fan Yifei ended his 28-year career at CCB and was transferred to China Investment Corporation as Deputy General Manager and Member of the Party Committee. In November 2011, he also became Chairman of Bank of Shanghai.
In January 2015, Fan Yifei became a member of the Party Committee of the Central Bank of China and the chairman of Bank of Shanghai. In February 2015, Fan Yifei, who was not yet 51 years old, became the deputy governor of the central bank, becoming the most recent member of the central bank's leadership team at that time, mainly in charge of payments, financial technology and other fields.
Fan Yifei's investigation was relatively sudden.
According to the official website of the central bank, Fan Yifei has frequently appeared in public reports recently: on October 8, the official website of the central bank published a signed article written by Fan Yifei in China Finance "Composing a new chapter of financial technology empowering rural revitalization"; On the 9th, the central bank held a meeting to announce the appointment of leading cadres in China Gold Coin Group Co., Ltd., and Fan Yifei attended the meeting and delivered a speech; Just the day before yesterday, on the morning of 3 November, the People's Bank of China and the Foreign Exchange Bureau held a report meeting on studying and implementing the spirit of the 20 th CPC National Congress, in which Fan Yifei attended. The meeting demanded that we persistently promote the strict administration of the party in an all-round way, thoroughly push forward the new great project of party building in the new era, and lead the social revolution with the party's self-revolution.
Today, Fan Yifei's career as deputy governor of the central bank for seven years has come to an abrupt end.
Wang Bin. Infographic
The second "financial tiger" to fall after "financial inspection"
Fan Yifei is the second "financial tiger" to fall since the central government's "financial inspection" last year.
From October to December last year, the eighth round of inspections of the 19th CPC Central Committee carried out routine inspections of party organizations in 25 financial units, including the People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange. Since the inspection was launched, a number of "financial moths" have been discovered, and those who have fallen from the central bank system alone include Wang Yonghong, former director of the Science and Technology Department of the People's Bank of China; Mou Shangang, former director of the People's Bank of China's Organ Service Center; Yang Xiaoping, former president of the Kunming Central Branch of the People's Bank of China; and Sun Guofeng, former director of the Monetary Policy Department of the People's Bank of China. After the inspection, on January 8 this year, Wang Bin, then secretary of the party committee and chairman of the Chinese Life Insurance (Group) Company, was investigated, and he was the first "big tiger" among the 25 financial units to fall after this round of central financial inspections.
On February 22 this year, the central inspection group gave feedback on the inspection to the Party Committee of the People's Bank of China. The inspection group pointed out that the party committee of the People's Bank of China still has problems such as insufficient adherence to and strengthening of the party's leadership, insufficient implementation of the "two responsibilities" of strictly administering the party in an all-round way, insufficient prevention and control of honest risks, and shortcomings in the construction of the leading body itself.
The feedback also said that the inspection group also received clues about problems with some leading cadres, which have been forwarded to the Central Discipline Inspection Commission, the State Supervision Commission, the Central Organization Department, and other relevant departments for handling in accordance with relevant regulations.
On September 12, the party committee of the central bank reported the progress of the inspection and rectification. The circular said: The central bank has held a work conference on strictly administering the party and discipline inspection and supervision in an all-round way, seriously investigating and handling corruption cases in key areas and key links, and promoting as one body that does not dare to be corrupt, cannot be corrupt, and does not want to be corrupt. Promote the punishment of financial corruption and the prevention and control of financial risks as a whole.
Screenshot of the website of the Central Commission for Discipline Inspection and the State Supervision Commission.
It has sent a strong signal that the anti-corruption struggle is incessant
The website of the Central Discipline Inspection Commission and the State Supervision Commission today reported the news of Fan Yifei's investigation, and then commented on the article "Do Not Relax and Never Stop, The Anti-Corruption Struggle is Always on the Road." The article pointed out: Recently, discipline inspection and supervision organs at all levels have released a batch of information on examination and investigation and party discipline and government sanctions. "Fighting tigers," "swatting flies," and "hunting foxes" have made concerted efforts, releasing a strong signal that the anti-corruption struggle will never stop and will always blow the trumpet.
The article says: It is necessary to thoroughly implement the decisions and arrangements made by the 20 th CPC National Congress, persist in advancing in an integrated way of not daring to be corrupt, not being able to be corrupt, and not wanting to be corrupt, take a zero-tolerance attitude in fighting corruption and punishing evils, resolutely investigate and deal with corruption that is intertwined with political and economic problems, resolutely prevent leading cadres from becoming spokespersons and agents of interest groups and powerful groups, and resolutely deal with the problem of collusion between government and business that undermines the political ecology and the environment for economic development, and never tolerate it. We should deepen the rectification of corruption in areas where power is concentrated, funds are intensive, and resources are abundant, resolutely punish "fly corruption" around the masses, seriously investigate and deal with the problem of leading cadres' spouses, children, their spouses, and other relatives and staff members using their influence to seek personal gain, persist in investigating bribes and bribes together, and punish new types of corruption and hidden corruption.
Text: Liang Jianzhong