On January 13, the official website of the Central Commission for Discipline Inspection and the National Supervisory Commission released the second episode of the TV special "National Supervision" "Comprehensive Supervision". The dismissed senior officials featured in this episod

On January 13, the official website of the Central Commission for Discipline Inspection and the State Supervision Commission released the second episode of the TV special " National Supervision " "Comprehensive Supervision".

The dismissed senior officials featured in this episode include: Lai Xiaomin, former Party Secretary and Chairman of China Huarong Asset Management Co., Ltd., and Bai Xiangqun, former Vice Chairman of the People's Government of the Inner Mongolia Autonomous Region.

[Commentary] Preventing and resolving major risks is an important task in winning the three tough battles to build a moderately prosperous society in an all-round way, and preventing and resolving financial risks is the focus. However, the corruption cases investigated and dealt with in the state-owned financial industry in recent years reflect that corruption is one of the important causes of financial risks, and the supervision of party members and cadres in this field urgently needs to be strengthened. The case of Lai Xiaomin, the former party secretary and chairman of China Huarong Asset Management Co., Ltd., which was investigated in 2018, is one of the typical cases.

Chen Qingpu (Deputy Director of the Cadre Supervision Office of the Central Commission for Discipline Inspection and the National Supervisory Commission): We have also handled many cases in the financial field, but none of them were like the amount, degree of harm, and crime that Lai Xiaomin later found out about the violations. The plot and criminal methods are shocking and jaw-dropping.

[Commentary] During the investigation of this case, the task force discovered a house in a community in Beijing where Lai Xiaomin had hidden stolen money. There were multiple safes inside, with more than 200 million in cash stored. In order to evade investigation, Lai Xiaomin always asked the briber to pay the bribe in cash. After collecting the money, he drove to the house and put it in the safe with his own hands. He also made several circuits on the road to prevent anyone from following him. He and some close insiders used code words to refer to this house, calling it a "supermarket."

Lai Xiaomin (former Party Secretary and Chairman of Huarong Company): Take it and put it there, just like you often go to the supermarket. Let’s call this supermarket. It's just inside the iron cabinet, the iron cabinet. I didn't spend a penny, it was all put there. In the end, the organization took it all away. So I asked what was the use of having so much money, but in the end I didn’t dare to spend it, didn’t dare to use it, and was still worried.

[Commentary] The huge amount of cash hidden in the "supermarket" is only part of Lai Xiaomin's illegal gains. In addition to cash, he also received large amounts of real estate, luxury cars, luxury watches, gold, calligraphy and paintings. The final amount of his illegal gains needs to be finally determined by the judicial authorities, but it will undoubtedly be a shocking figure.

Chen Qingpu: He is very greedy for possession of material things. He can’t even use so much. Who can use dozens of watches? He just wants it. The same goes for cars. Bentleys, Mercedes-Benz, Alfas, and a few cars in an underground garage all belong to him. They are all million-dollar luxury cars.

[Commentary] Lai Xiaomin’s illegal gains are huge. In addition to his own greed, it also reflects some characteristics of corruption in the financial industry that are different from other industries.

Chen Qingpu: The financial field is a capital-intensive and resource-intensive field, and other industrial fields are just one project, which is two to three billion. In the financial field, one financing reaches several billions. Lai Xiaomin also knows his " Price,” he knew how much benefit he could bring to people.

[Commentary] As the head of a state-owned financial enterprise, Lai Xiaomin's power is granted by the state and the people, but he has left the responsibility behind this power behind. In the process of contacting the "big bosses" of private companies , replacing state power with personal self-interest.

Lai Xiaomin: The financial industry deals with money every day, and the bosses you interact with are worth hundreds of millions, billions, or tens of billions. Giving you some money is a piece of cake for him. Speaking of myself, I feel that I support him. Since he is so old, I have helped him develop, and I think it is normal. Sometimes the boss will tell you that he has bought a lot of houses recently, and they are in a good location. He will just tell you, and it doesn't matter to him. Anyway, he will give you one of these houses. If you ask him for a set, or this car is good, I like to drive this kind of car, just keep it with me, it will be very numb at that time.

[Commentary] Lai Xiaomin seriously damaged national interests in pursuit of personal interests.Huarong Company is a state-owned non-bank financial institution approved by the State Council and controlled by the Ministry of Finance. Its main business is the disposal of non-performing assets of state-owned banks. However, Lai Xiaomin operated aggressively, expanded rapidly, opened dozens of subsidiaries and branches, and quickly developed into a financial group with full licenses for banking, securities, trusts, investments, futures, and financial services. He seriously deviated from his main business and even violated national policies. , participating in some projects that are expressly prohibited from state-owned financial institutions.

Tian Hui (former general manager of Huarong International): If he wants to rise, he will definitely need performance. He will not consider the long-term risks. As long as you build the scale for me immediately and realize short-term profits for me, , as for the risks arising from this project in three or five years, he doesn't care. If he wants to pursue short-term performance, then we can only invest in some relatively high-risk projects, such as real estate and stocks.

[Commentary] While pursuing political achievements, Lai Xiaomin also frantically sought personal interests from it. Under his direct intervention, Huarong Company provided a large amount of funds to private companies with which he had an interest transfer relationship. These projects were designated for cooperation by Lai Xiaomin from top to bottom, and the approval process was reversed. The subordinates knew that this was the chairman's intention, and the evaluation and control of these projects and risk prevention and control were just a formality.

Bai Tianhui: There are many projects that Lai Xiaomin directly handed over to his friends. Sometimes, in order to complete the tasks assigned by the leaders, many factors and points that were examined from the market perspective were either ignored or given to others. Beautified.

[Commentary] The central government’s guidelines and policies on financial work clearly require that we insist on pursuing progress while maintaining stability, and prioritize strengthening risk prevention and control and ensuring financial security. Since 2015, China Banking Regulatory Commission has repeatedly warned Huarong Company about its operating risks and other issues through regulatory notifications, regulatory talks, etc., requiring Huarong Company to control its debt scale and return to its main business. However, Lai Xiaomin still went his own way and cooperated with the Party Central Committee. The requirements run counter to that.

Cao Chunxia (staff member of the Central Commission for Discipline Inspection and the State Supervisory Commission): Faced with reminders from regulatory agencies, Lai Xiaomin ignored them and even accused our supervisors of being unprofessional and affecting the development of the company. The illegal and criminal issues in the financial field are relatively professional and concealed, so they seem to be in compliance. But peeling back the layers, there are some huge risks inside.

[Commentary] The risks accumulated by Lai Xiaomin's radical management have actually gradually emerged. Some huge investments and money lending businesses have problems, and it is difficult to recover the funds. Huarong was originally a disposer of non-performing assets, but it has gradually transformed into a financial risk creator. But after problems arose, Lai Xiaomin did not return to the right path in time. Instead, he used his so-called professional experience to cover up the problems by drinking poison to quench his thirst.

Tian Hui: He also said that if there is a risk, Huarong is responsible for non-performing assets, and I can solve it. But his method of solving non-performing assets is not solved by technology and operations, but by taking more money to fill bigger holes. And he also said that if there is a risk, we will raise funds again and extend the risk appropriately. As time goes by, risks arise again, and more money is spent on it. It's such a vicious cycle.

[Commentary] According to the business scope of Huarong Company when it was first established, it was supervised by the China Banking Regulatory Commission. However, after it later developed into a fully licensed financial company, different aspects of its business were supervised by the China Banking Regulatory Commission, the China Insurance Regulatory Commission, the China Securities Regulatory Commission and other agencies. Lai Xiaomin then took advantage of the gap. When any business sector was about to be inspected, he would move funds from other sectors first, demolishing the east wall to make up for the west wall, constantly moving around, racking his brains to cover up the holes.

Bai Tianhui: Let me give you an example. Just like there is only one road in a city, if the cat catches the mouse, the mouse can only run on this road. If there are ten paths, then the mouse will have nine more paths. In this situation where there are loopholes to exploit and the governance structure is incomplete, this matter did not come to light until the Central Commission for Discipline Inspection discovered it.

[Commentary] The professionalism of the financial industry, the gaps caused by separate supervision, and Lai Xiaomin's intention to evade supervision, make it difficult for external supervision to reach, and the internal supervision of Huarong Company is also in name only and has not played its role.

Lai Xiaomin: I am the one who selects the party secretary, chairman, and legal person. The secretary of the Discipline Inspection Commission is still in charge of his own party committee. How much authority does he have? The secretary of the Discipline Inspection Commission is a member of my party committee and a subordinate of mine. It is difficult for him to supervise me, to be honest.

[Commentary] The secretary of the party committee is the first person responsible for the construction of party style and clean government. If he does not lead the disciplinary inspection and supervision work, but instead takes the lead in violating disciplines and laws, it will inevitably lead to frequent problems of work style and corruption.

Chen Qingpu: The requirements for the Commission for Discipline Inspection are also to hide, cover up, and wipe out things. The Commission for Discipline Inspection also does not seriously investigate and deal with the clues received by the Commission for Discipline Inspection, and even interferes in the investigation and handling of cases. He also made it a slogan not to prosecute a single case or bring down a person, and publicly preached it at the conference. This kind of neglect of party building has diluted and weakened the role of the Discipline Inspection Commission, which has created a large number of integrity risks within the company.

[Commentary] According to regulations, the "three important and one major" matters of state-owned enterprises must be collectively decided by the party committee, but Lai Xiaomin often makes decisions directly on his own. Even if he goes to the meeting, he acts arbitrarily and cannot listen to any objections.

Wang Pinghua (former chairman of Huarong International): Basically, we do whatever the boss says. Our personal official hat is how much performance you get every year. You want to develop in your own internal group and how much financial support you want to get. , in fact, it is all Laolai who has the final say with a pen. If you say you can stand up to him once on this matter, and if you stand up to him twice or three times, I guess your job position will be adjusted, because we also have real-life examples.

[Commentary] Lai Xiaomin uses the personnel power in his hands to exclude dissidents, favor nepotism, and treats state-owned enterprises as his own private domain. Lai Xiaomin is a native of Ruijin, Jiangxi Province. From management to canteen chef, he has arranged many positions for people from his hometown circle.

Tian Hui: Basically, they are all his fellow villagers. Therefore, he has a strong personal touch, and he does not hide his arbitrary nature. He enjoys the feeling of being supported and praised by others.

[Commentary] Lai Xiaomin's employment orientation has also silenced most of the opposing voices, and people who like him have prevailed. The political ecology of Huarong Company has seriously deteriorated. Over time, Lai Xiaomin could not hear any criticism and reminder, and he became even more forgetful amidst the praise.

Li Zhonghua (Deputy Director of the Third Supervision and Inspection Office of the Central Commission for Discipline Inspection and the State Supervisory Commission): Lai Xiaomin rejects the leadership of the party from the bottom of his heart, so he makes Huarong Company his family and the world, covering the whole world with one hand, both internally and externally. All the supervision failed, and due to multiple causes and effects, Lai Xiaomin’s (case) became a case with extremely bad influence and painful lessons in the financial field in recent years.

[Commentary] This case reveals that Huarong Company’s party leadership and party building have been weakened, downplayed, emptied, and marginalized, making it difficult for the discipline inspection department to perform its duties and causing a serious lack of supervision. This phenomenon also exists to varying degrees in other financial companies. The new round of institutional reform has directly dispatched discipline inspection and supervision teams to 15 centrally managed financial companies, which is precisely to implement targeted measures to identify weak links in supervision. In the past few years, 15 financial companies have only referred 10 cases to the judiciary. However, less than a year after the reform, nearly 20 cases have been referred.

Bai Xiangqun, former vice chairman of the People's Government of the Inner Mongolia Autonomous Region

[Commentary] After the reform of the national supervision system, the number of objects under supervision nationwide has increased by more than 200%, while the number of staff in disciplinary inspection and supervision agencies has only increased by 10%. Faced with such situation and tasks, we must accurately grasp the relationship between "full coverage" and "focusing on key points", innovate supervision methods, control the "key minority" and lead the "majority".

Bai Xiangqun (former vice chairman of the People's Government of the Inner Mongolia Autonomous Region): After becoming the top leader, my thoughts began to fluctuate at that time, and the ideological signs of the source of the crime had emerged. Then I want to take the so-called middle path of being an official and making a fortune.

[Commentary] Bai Xiangqun, former vice chairman of the People's Government of the Inner Mongolia Autonomous Region, was put on file for review and investigation by the Central Commission for Discipline Inspection and the State Supervisory Commission on April 24, 2018. In October 2018, he was expelled from the party, expelled from public office, and transferred to judicial organs.

[Trial Record]

[Commentary] On January 31, 2019, the court held the first instance. The procuratorate prosecuted Bai Xiangqun for multiple crimes including corruption, bribery, and insider trading, with illegal gains exceeding 100 million yuan. Bai Xiangqun expressed his guilt and repentance in court. Looking back at the starting point of the 100 million yuan corruption, the first bribe he accepted was just after he became the "top leader" for the first time.

Bai Xiangqun: At that time, he was the secretary of the Youth League Committee of the autonomous region. When I was building an office building, this boss approached me and he had a good relationship with me. He said he wanted to do this job and would give me money in the future. I couldn't stand the temptation, so I took the first step of committing a crime.

[Commentary] This first bribe was as high as 1.05 million yuan. For the first time, Bai Xiangqun realized how easy it is to make money through power. At first he was a little nervous, but as more and more things like this happened, he gradually became numb. Since then, he has been successively promoted to secretary of the Wuhai Municipal Committee and Secretary of the Xilingol League Committee. He has become more and more powerful and has an increasing appetite for money.

[Commentary] Wuhai City is vividly called the "Sea of ​​Wujin". It is rich in high-quality coking coal and other mineral resources. From 2003 to 2011, when Bai Xiangqun served as mayor and municipal party committee secretary of Wuhai City, he used the resources of this "sea of ​​black gold" to exchange for a large amount of "black gold" for himself.

Chen Zhengyun (Deputy Director of the Ninth Supervision and Inspection Office of the Central Commission for Discipline Inspection and the State Supervisory Commission): During his tenure in Wuhai, he intervened heavily in the allocation of coal resources and made money by approving coal resources, mineral resource development, and real estate development. Among the 37 bosses involved in this case, 20 were involved in resource allocation. He allocated coal resources for Du Moumou, the actual controller of an Inner Mongolia listed company, and received a Beijing real estate worth more than 16 million yuan. Allocated coal resources for a boss in Guangdong and received 5 million to buy a villa in Beijing.

[Commentary] At the time of the incident, it was discovered that Bai Xiangqun actually controlled more than ten properties in Hohhot City, City, Beijing, Hainan Province and other places, many of which were huge in area and luxuriously decorated. This set of properties was obtained by accepting bribes directly, buying them with illegal proceeds, or exchanging small ones for big ones, old ones for new ones, etc. with his boss when he was the "top leader".

Bai Xiangqun: When you are a chief official in a region, you have two powers in your hands. For cadres, it mainly depends on your appointment and dismissal rights. For bosses, it is the right to allocate resources and develop land.

[Commentary] Bai Xiangqun also bought and sold officials, receiving millions of dollars in money from more than 30 cadres. His corrupt behavior has had an extremely negative impact on the market environment and political ecology of the region.

Chen Zhengyun: When top leaders engage in corruption, it will definitely do great harm to the officialdom, shopping malls, and social atmosphere of a place. It destroys the normal order of fair competition in the market, and creates the feeling that things can’t be done without giving, and projects can’t be obtained without giving. , the correct guidance cannot be established, and some officials and cadres act according to their own tastes, which may lead to the phenomenon of bad money driving out good money.

[Commentary] Bai Xiangqun is famous for his love of drinking, and many bosses have followed suit, offering high-end wines to him, and Bai Xiangqun also refuses to refuse. There was once a boss who gave him 30 boxes of Maotai at one time. In addition to accepting gifts, Bai Xiangqun also used public funds to buy wine. When he was arrested, more than 1,000 bottles of wine were seized from his home, almost all of which were expensive and famous wines.

Chen Zhengyun: He spent more than 6 million yuan of public funds four times to purchase various high-end liquors and red wines. Especially in May 2010, as a delegation from the Inner Mongolia Autonomous Region government, I went to Shanghai to participate in the World Expo. I fell in love with a commemorative wine at the World Expo called the "Drunken China in Peace Era" series of Maotai wine, so I asked (subordinates) to spend 90% of government funds. Yu Wan, purchased a series of 81 bottles in total.

[Commentary] Bai Xiangqun once said: While you are in office, prepare all the wine you will drink after retirement.For him, the taste of power was once like fine wine, intoxicating him, but now, it was time to sober up.

Bai Xiangqun: I am willing to drink, and I am also willing to drink good wine. It's sad to think about it now. After collecting so much money, what is the result? There was one cell and one bed, so much wine that I wanted to drink every day, and three prison meals a day. When I think about it, I can say that I feel miserable.

[Commentary] Bai Xiangqun was born in an ordinary Mongolian family. His parents have been engaged in infectious disease prevention and control work on the grasslands for many years. He is very respected by the local people. He was named Xiangqun, which means that he hopes that he will always be devoted to the people. However, when Bai Xiangqun gained power, he forgot his parents' high expectations and used power as a bargaining chip to pursue self-enjoyment.

Bai Xiangqun: When I was young, my parents occasionally gave me and my brother 2 yuan to buy Chifeng steamed buns, which cost 8 cents each. They were just that big and were equivalent to meat buns. A family of four ate just like the Chinese New Year. I I still can't forget it. Afterwards, I became an official and accepted banquets from other people, whether it was a company or anything, with tens of thousands of dollars per table, but I could never find the deliciousness and feeling like an 8-cent pair. Isn’t the result of all this just the word greedy?