The concept of power and money is extremely distorted. Chen Xiaopeng, former director of the Shenzhen Securities Regulatory Bureau, is expelled from the party.

(Photo source: Visual China)

Blue Whale News, February 8 (Reporter Wang Wanying)According to the website of the Central Commission for Discipline Inspection and the National Supervisory Commission, Chen Xiaopeng, former party secretary and director of the Shenzhen Supervisory Bureau of the China Securities Regulatory Commission, was expelled from the party for serious violations of discipline and law. His suspected crime has been transferred to the procuratorate for review and prosecution.

After investigation, Chen Xiaopeng lost his ideals and beliefs, abandoned his original mission, and his views on power and money were extremely distorted. Greed, addicted to corruption, and rampant power have seriously tarnished the image of securities supervision and seriously polluted the ecology of the capital market. They are typical examples of new and hidden corruption. Disloyal and dishonest to the party, deliberately covering up criminal facts, colluding with others to confront organizational censorship, and privately possessing and reading books with serious political issues; turning a deaf ear to the spirit of the eight central regulations, illegally accepting high-end gifts such as Moutai wine, and repeatedly Accepting banquets that may affect the fair performance of official duties, accepting free vehicle services provided by regulatory service recipients in violation of regulations for a long time; failing to report personal matters in accordance with regulations; obtaining large returns on illegal loans. Abuse regulatory power, seek benefits for others in the daily supervision, inspection and law enforcement of securities companies and listed companies, guidance and acceptance of companies to be listed, issuance and listing of enterprises, and review of major asset reorganization, and illegally accept property in the name of investment, financial management, investment and shareholding. The amount is particularly huge.

(Photo source: China Securities Regulatory Commission)

Public information shows that Chen Xiaopeng is a member of the Communist Party of China and a member of the 13th National Committee of the Chinese People’s Political Consultative Conference. He has served as the top leader of securities regulatory bureaus in many places, and has served successively as director of Xiamen Securities Regulatory Bureau; director of Fujian Securities Regulatory Bureau; secretary of the Party Committee of Guangdong Securities Regulatory Bureau and director of Guangzhou Inspection Bureau; secretary of the Party Committee and director of Shenzhen Securities Regulatory Bureau, etc.

In August 2024, Chen Xiaopeng had accepted the disciplinary review of the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission of the China Securities Regulatory Commission and the supervision and investigation of the Ganzhou City Supervisory Commission of Jiangxi Province. Half a year later, the investigated case is making progress. (Blue Whale News Wang Wanying wangwanying@lanjinger.com)