Song Zhanying, the former inspector of the China Banking Regulatory Commission’s Office for Handling Illegal Fund-raising, was expelled from the Party.

　　CCTV News:According to the website of the State Supervision Commission of the Central Commission for Discipline Inspection, according to the news of the Discipline Inspection and Supervision Team of the State Supervision Commission of the Central Commission for Discipline Inspection in the State Financial Supervision Administration and the Supervision Commission of Hebei Province, a few days ago, the Discipline Inspection and Supervision Team of the State Supervision Commission of the Central Commission for Discipline Inspection in the State Financial Supervision Administration and the Supervision Commission of Handan City, Hebei Province conducted a disciplinary review and supervision investigation on Song Zhanying, the former inspector of the China Banking Regulatory Commission’s Office for Handling Illegal Fund-raising.

　　After investigation, Song Zhanying, as a leading cadre in party member, lost his ideals and beliefs, abandoned his initial mission, violated organizational principles, concealed personal matters, and helped others to join financial institutions in violation of regulations; The bottom line of integrity has fallen, illegally accepting and holding shares of non-listed companies, and illegally doing business; Violation of life discipline; Illegal possession of classified information; Taking advantage of his position to make profits for others in bank loans, employment in financial institutions, etc., and illegally accepting huge amounts of property.

　　Song Zhanying seriously violated the party’s organizational discipline, integrity discipline and life discipline, and constituted a serious duty violation and was suspected of taking bribes and using influence to take bribes. He did not converge or stop after the 18th and 19th National Congress of the Communist Party of China, which was serious in nature and had a bad influence. It should be dealt with seriously. According to the Regulations on Disciplinary Actions in the Communist Party of China (CPC), the Supervision Law of People’s Republic of China (PRC), the Law on Administrative Actions of Public Officials in People’s Republic of China (PRC) and other relevant regulations, Song Zhanying was dismissed from the Party Committee meeting of the State Financial Supervision and Administration Bureau, and the treatment he enjoyed was cancelled according to regulations; Collect their illegal income. After the research and decision of the Supervision Committee of Handan City, Hebei Province, Song Zhanying’s suspected crime was transferred to the procuratorate for review and prosecution according to law, and the property involved was transferred with the case.