China Securities Regulatory Commission: Eradicate the soil and conditions for corruption in the capital market and strengthen the high-pressure situation of punishing corruption

According to the website of the China Securities Regulatory Commission, recently, the China Securities Regulatory Commission held the 2024 Work Conference on Systematic Comprehensive and Strict Governance of the Party and Discipline Inspection and Supervision. The meeting thoroughly studied and implemented General Secretary Xi Jinping's important ideas on the party's self-revolution, implemented the important requirements of the Central Financial Work Conference, the Third Plenary Session of the 20th Central Commission for Discipline Inspection and the special seminar for major leading cadres at the provincial and ministerial levels on strengthening the comprehensive and strict governance of the party in the financial system, analyzed the situation of the CSRC system in comprehensively and strictly governing the party, deployed key tasks in 2024, notified the key cases of discipline and law violations investigated and dealt with by the CSRC system in recent years, and carried out clean government education with negative teaching materials around them. Wu Qing, Secretary of the Party Committee and Chairman of the Committee, made a speech. Fan Dazhi, head of the discipline inspection and supervision group of the Central Commission for Discipline Inspection and the State Supervision Commission in the China Securities Regulatory Commission and member of the party committee of the China Securities Regulatory Commission, made arrangements for doing a good job in the discipline inspection and supervision work of the CSRC system. Members of the Party Committee of the China Securities Regulatory Commission attended the meeting.

The meeting pointed out that General Secretary Xi Jinping's important speech at the Third Plenary Session of the 20th Central Commission for Discipline Inspection profoundly expounded the important idea of the party's self-revolution, and provided a fundamental basis for the new era and new journey to further promote the comprehensive and strict governance of the party, the construction of party style and clean government, and the fight against corruption. The CSRC system should deeply understand the decisive significance of the "two establishments", resolutely achieve the "two safeguards", deeply study and accurately grasp the profound connotation and practical requirements of this important idea, and consciously implement it in all aspects of the whole process of the CSRC system's comprehensive and strict management of the party. In the process of implementation, we must always adhere to the centralized and unified leadership of the Party Central Committee, we must highlight the problem orientation, strictly strengthen our own construction, we must strengthen the system concept, and constantly improve the system of the CSRC system to comprehensively and strictly govern the party, and we must strengthen the "two responsibilities" with the discipline inspection and supervision team in the CSRC, and constantly enhance the joint force of governing the party and governing the party.

The meeting emphasized that 2024 is the 75th anniversary of the founding of the People's Republic of China, a key year for achieving the goals and tasks of the 14th Five-Year Plan, and the first year for implementing the spirit of the Central Financial Work Conference. The CSRC system should be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly study and implement General Secretary Xi Jinping's important ideas on the party's self-revolution, resolutely implement the strategic policy of comprehensively and strictly governing the party, adhere to facing problems, turning the blade inward, self-revolution, and strictly grasping and strictly managing, deepen the inspection and rectification of the central government, and implement the "Opinions on Comprehensively Strengthening the Self-construction of the CSRC System by Implementing the Standards of Political Competence, Ability, Work Style, and Comprehensively Strengthening the Self-Construction of the CSRC System" With the new results of its own construction, we will promote the high-quality development of the capital market on the basis of risk prevention and strong supervision. The first is to adhere to the centralized and unified leadership of the Party Central Committee over the work of the capital market, take the implementation of the spirit of General Secretary Xi Jinping's important instructions and instructions as the primary political task, unremittingly use Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era to forge the soul, deeply understand the political and people's nature of the capital market work, consciously implement the political standards and political requirements in the whole process of regulatory work, stand firmly on the people's position, and effectively protect the legitimate rights and interests of investors, especially small and medium-sized investors. The second is to eradicate the soil and conditions for corruption in the capital market, strengthen the high-pressure situation of punishing corruption, persist in using reform methods to reduce the space for power rent-setting and rent-seeking, reduce discretionary power, improve the institutional mechanism to prevent the breeding and spread of corruption, continue to strengthen the construction of regulatory transparency, and severely punish bribery in the capital market. The third is to strictly rectify the "revolving door" of politics and business, focus on the key issue of reducing the "job identity value" of departing personnel raised by the discipline inspection and supervision team of the China Securities Regulatory Commission, adhere to the political perspective and political reform, and implement comprehensive policies on the business side and the management side, and deepen the special rectification. Fourth, strengthen the construction of a culture of integrity in the new era, carry out in-depth education on party spirit, party style and party discipline, create a good trend of advocating honesty and rejecting corruption, accurately grasp the profound connotation of financial culture with Chinese characteristics, and accelerate the cultivation of capital market culture with Chinese characteristics. Fifth, we will deepen the implementation of the spirit of the eight provisions of the central government in a normal and long-term manner, rectify the stubborn diseases of the "four winds" with heavy fists, continue to implement the requirements of "living a tight life", resolutely rectify formalism and bureaucracy, and continue to deepen the "I do practical things for the masses". Sixth, strengthen organizational construction, build a high-quality regulatory iron army worthy of important tasks, adhere to the combination of strict management and benevolence, and guide cadres to set an example and be pioneers in serving the country in finance and studying business. With the implementation of the reform of the Party and state institutions as a new starting point, we will make great efforts to improve the ability to supervise and perform duties, continuously strengthen the political and organizational functions of grassroots Party organizations, and promote the comprehensive progress and excellence of grassroots Party organizations. Seventh, we will continue to deepen the rectification work of the central inspection and rectification and the central audit rectification, comprehensively benchmark the latest spirit of the central government, consolidate the main responsibilities layer by layer, closely integrate with the implementation of the main responsibilities and main business of supervision, and improve the systematic, holistic and effective rectification and reform.

The meeting put forward clear requirements for the full implementation of the spirit of the Third Plenary Session of the 20th Central Commission for Discipline Inspection and the discipline inspection and supervision work of the CSRC system in 2024. The first is to focus on the goal of building a financial power, strengthen political supervision, and promote the CSRC to systematically study and implement the spirit of General Secretary Xi Jinping's important instructions and instructions, and truly achieve great changes in ideology, concepts and actions. Carry out a "retrospective" review of the rectification of the central inspection audit and the rectification of the supervision opinions of the discipline inspection and supervision team in the China Securities Regulatory Commission, and focus on supervising the implementation of the relevant rectification requirements of the Central Commission for Discipline Inspection and the State Supervision Commission, the Central Financial Office, and the Central Financial Working Committee. The second is to focus on eradicating the soil and conditions for corruption in the capital market, promote the anti-corruption struggle in depth, further promote the special governance of corruption in the field of securities issuance and review, crack down on the "revolving door" and "escape" resignation corruption cases of politics and business, increase the rapid disposal of new types of corruption and hidden corruption, promote all-round and strict punishment of bribery in the capital market, and accelerate the construction of an industry culture of integrity, honor and shame. The third is to focus on strengthening the construction of executive power, severely punishing and severely curing the "four winds" problem, continue to deepen the special governance of spiritual problems that violate the eight provisions of the central government, and focus on correcting the problems of formalism and bureaucracy in the two key areas of "documents" and "meetings". Fourth, focus on the implementation of political responsibility, promote strict supervision and strict management through strict supervision, pay close attention to the overall promotion of a package of key institutional innovations by the China Securities Regulatory Commission, and carry out key supervision on improving the basic institutional protection of the capital market, promoting the high-quality development of listed companies, and strengthening the comprehensive and strict supervision of the capital market, and promote the investigation and punishment of illegal and criminal cases with strong market reactions, serious infringement of the legitimate rights and interests of small and medium-sized investors, and serious disruption of market order. Fifth, we should focus on the practice of self-revolution and strictly strengthen the construction of the discipline inspection and supervision cadre team, continue to consolidate and expand the achievements of theme education and education rectification, take the lead in implementing the centralized discipline education of the CSRC system, and forge a discipline iron army that is loyal, clean, responsible, and brave and good at fighting with the spirit of thorough self-revolution.

The meeting was held in the form of on-site + video. Relevant comrades of the Central Financial Work Committee were invited to attend the meeting. The deputy head of the discipline inspection and supervision group of the China Securities Regulatory Commission, cadres at the deputy bureau level and above of the association, members of the team of various units of the system, members of the discipline inspection commission and responsible comrades of the party committee office and discipline inspection office attended the meeting.