China Investigated 4.6 Million for Corruption Including 553 Officials with Minimum Vice-Minister Ranking, Over 200,000 Officials Punished
21st October 2022 | Hong Kong
China has investigated more than 4.6 million people for corruption, including 553 officials with minimum Vice-Minister ranking, and over 200,000 officials punished at the county level. The details were shared by Xiao Pei, China Deputy Secretary for Central Commission Discipline Inspection, CCDI. Earlier in October 2022, China Central Committee for Discipline Inspection (CCDI, Anti-Corruption Body) expelled former China Merchants Bank President Tian Huiyu from the Chinese Communist Party for serious violations of law & party discipline (Corruption). Tian Huiyu was the President of China Merchants Bank from 2013 to 2022, was removed from the role in May 2022 and with Wang Liang appointed as the new President of China Merchants Bank. China Merchants Bank is one of the largest banks in China and has a market capitalisation of $112 billion (14/10/22). China Central Committee for Discipline Inspection (Translated from Chinese): “After investigation, Tian Huiyu, as a leading party member and cadre who has worked in the financial field for a long time, lost his ideals and beliefs, deviates from his original mission, and is not resolute and discounted in implementing the major decisions and arrangements of the CPC Central Committee on financial work, ignoring the party’s leadership and financial work.” See statement below in English & Chinese.
“ China Investigated 4.6 Million for Corruption Including 553 Officials with Minimum Vice-Minister Ranking, Over 200,000 Officials Punished “
China Merchants Bank is part of China Merchants Group. On April 8th 1987, People’s Bank of China approved China Merchants initiate to found the China Merchants Bank, which was the first joint-equity commercial bank invested by business after 1949. China Merchants Group (CMG) is a state-owned backbone enterprise headquartered in Hong Kong. It is under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). Its overall characteristics can be summarised as: a century-old central enterprise, an integrated central enterprise and a central enterprise based in Hong Kong. China Merchants Group is an integrated enterprise with diversified businesses. At present, the Group’s business is not only focused on three core industries, namely integrated transportation, specialty finance, and integrated urban and industrial park development and operation, but also on some new industries such as cruise ship, healthcare and testing technology.
China Central Committee for Discipline Inspection Statement
Translated to English: Tian Huiyu, former Secretary of the Party Committee and President of China Merchants Bank Co., Ltd., was expelled from the Party and public office for serious violations of discipline and law
According to the website of the Central Commission for Discipline Inspection and State Supervision Commission A few days ago, the Central Commission for Discipline Inspection and the State Supervision Commission conducted a case review and investigation on Tian Huiyu, the former Secretary of the Party Committee and President of China Merchants Bank Co., Ltd., for serious violations of discipline and law.
After investigation, Tian Huiyu, as a leading party member and cadre who has worked in the financial field for a long time, lost his ideals and beliefs, deviates from his original mission, and is not resolute and discounted in implementing the major decisions and arrangements of the CPC Central Committee on financial work, ignoring the party’s leadership and financial work. They ignore the spirit of the eight central regulations, accept banquets, tourism, golf and other activities arrangements in violation of regulations, and accept gifts in violation of regulations; do not report personal matters as required; have no discipline The bottom line of the law is that under the guise of “market-oriented” operation for a long time, “investment” and “financial management” are used in the name, “money makes money”, and the power is linked with capital. Unbridled greed; corrupt life, corrupt morals.
Tian Huiyu seriously violated the party’s political discipline, organizational discipline, and integrity discipline, which constituted a serious violation of the law and was suspected of a crime. He did not restrain himself after the 18th National Congress of the Communist Party of China. In accordance with the Regulations of the Communist Party of China on Disciplinary Actions, the Supervision Law of the People’s Republic of China, and the Law of the People’s Republic of China on Administrative Punishments for Public Officials and other relevant regulations, and after research at the meeting of the Standing Committee of the Central Commission for Discipline Inspection, it was decided to give Tian Huiyu the punishment of expulsion from the party; Dismissal from public office; confiscate his illegal income; transfer his suspected crime to the procuratorate for examination and prosecution according to law, and transfer the property involved together.
招商银行股份有限公司原党委书记、行长田惠宇严重违纪违法被开除党籍和公职
来源：中央纪委国家监委网站 发布时间： 2022-10-08 10:00
中央纪委国家监委网站讯 日前，中央纪委国家监委对招商银行股份有限公司原党委书记、行长田惠宇严重违纪违法问题进行了立案审查调查。
经查，田惠宇身为长期在金融领域工作的党员领导干部，丧失理想信念，背离初心使命，贯彻落实党中央关于金融工作的重大决策部署不坚决、打折扣，罔顾党对金融工作的领导和金融工作的政治性、人民性，把职责使命抛在脑后；无视中央八项规定精神，违规接受宴请、旅游、打高尔夫球等活动安排，违规收受礼品；不按规定报告个人有关事项；毫无纪法底线，长期以“市场化”运作为幌子，以“投资”“理财”为名，“以钱生钱”，大搞权力与资本勾连，靠金融吃金融，以权谋私、损公肥私，滥权敛财、贪婪无度；生活腐化、道德败坏。
田惠宇严重违反党的政治纪律、组织纪律、廉洁纪律，构成严重职务违法并涉嫌犯罪，且在党的十八大后不收敛、不收手，性质严重，影响恶劣，应予严肃处理。依据《中国共产党纪律处分条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分法》等有关规定，经中央纪委常委会会议研究，决定给予田惠宇开除党籍处分；由国家监委给予其开除公职处分；收缴其违纪违法所得；将其涉嫌犯罪问题移送检察机关依法审查起诉，所涉财物一并移送。
China Merchants Group
China Merchants Group (CMG) is a state-owned backbone enterprise headquartered in Hong Kong. It is under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). Its overall characteristics can be summarised as: a century-old central enterprise, an integrated central enterprise and a central enterprise based in Hong Kong.
In 2021, China Merchants Group achieved record-high economic indicators: revenue of RMB 936.2 billion with YoY growth of 15.1, total profit of RMB 212.1 billion with YoY growth of 21.1%, net profits of RMB 169.2 billion with YoY growth of 23.4%, and total assets of RMB 11.68 trillion by the end of 2021, with total assets and net profit ranking first among central SOEs. China Merchants Group awarded A grade by the SASAC for 17 consecutive years and the Excellent Performance Enterprise for five consecutive terms. In the Fortune 500 list released in 2021, China Merchants Group and its subsidiary China Merchants Bank were again included in the list, making China Merchants Group the enterprise with two Fortune 500 companies.
During the “13th Five-Year Plan” period, the Group’s economic indicators all grew at a compound annual growth rate of over 10%, including 33.9% in operating earnings, 17.3% in total profit, 14.5% in net profit and 10.6% in total assets.
As a pioneer in China’s national industry and commerce, CMG was founded in the Self-strengthening Movement in the late Qing Dynasty in 1872. As the first joint-stock company in modern China, it established the first merchant fleet, the first bank and the first insurance company in China, pioneering China’s modern national shipping industry and driving the development of many other modern industries, and occupying an important position in the history of China’s modern economic and social development. In 1978, CMG played an active part in China’s reform and opening-up. It developed the Shekou Industrial Zone, the first industrial zone in China to be opened to the outside world, which had a wide impact at home and abroad. It also established China Merchants Bank, the first joint-stock commercial bank that was wholly owned by a corporate entity in China, and Ping An Insurance Company, the first joint-stock insurance company in China, which provided useful experience for the exploration of China’s reform and opening up.
China Merchants Group is an integrated enterprise with diversified businesses. At present, the Group’s business is not only focused on three core industries, namely integrated transportation, specialty finance, and integrated urban and industrial park development and operation, but also on some new industries such as cruise ship, healthcare and testing technology.
China Merchants Group is a world-leading port investor, developer and operator, and has established a relatively comprehensive port network in China’s major coastal hub ports, with investments or investment and management rights of terminals in Hong Kong, Taiwan, Shenzhen, Ningbo, Shanghai, Qingdao, Tianjin, Dalian, Yingkou, Zhangzhou, Zhanjiang, Shantou and other container hub ports, and successfully laid out in Southeast Asia, Africa, Europe, the Middle East, North America, South America and Oceania. By 2021, China Merchants Group’s port segment has achieved a total container throughput of 134 million TEUs and bulk cargo throughput of 880 million tons, making it the world’s largest in terms of total cargo throughput and equity throughput.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
