Yao Qian, former director of the China Securities Regulatory Commission's Science and Technology Supervision Department, was expelled from the party and removed from public office

Central Commission for Discipline Inspection and National Supervisory Commission website news According to the Central Commission for Discipline Inspection and National Supervisory Commission’s Discipline Inspection and Supervision Group stationed at the China Securities Regulatory Commission and the Guangdong Provincial Commission for Discipline Inspection and Supervision: Recently, with the approval of the Central Commission for Discipline Inspection and National Supervisory Commission, the Central Commission for Discipline Inspection and National Supervisory Commission’s Discipline Inspection and Supervision Group stationed at the China Securities Regulatory Commission and the Guangdong Provincial Shanwei Municipal Supervisory Commission conducted a disciplinary review and supervision investigation on the serious violations of discipline and law by Yao Qian, former director of the China Securities Regulatory Commission’s Science and Technology Supervision Department and former director of the Information Center.

After investigation, it was found that Yao Qian abandoned his original mission, was not political, coveted fame, regarded himself as a financial technology expert, spared no effort to support specific technology service providers for his own selfish interests, and was willing to be the "key training target" of the hunter. He abused the regulatory powers such as the right to recommend, formulate, and execute policies, abandoned the responsibilities of science and technology supervision, sought improper benefits for others in the expansion of business and software and hardware procurement of information technology system service institutions, and used virtual currency to trade power for money. Engage in superstitious activities; ignore the spirit of the Central Committee's eight regulations, accept Maotai liquor and other valuables and accept banquets in violation of regulations; violate organizational principles and seek benefits for others in employee recruitment; violate integrity discipline and hand over car rental and other expenses that should be paid by individuals to the supervision object to pay, borrow large sums of money from the supervision object in violation of regulations, and invest in enterprises in violation of regulations. Illegally accepting property in extremely large amounts.

Yao Qian seriously violated the party's political discipline, the spirit of the Central Committee's eight regulations, organizational discipline and integrity discipline, constituted a serious duty violation and was suspected of bribery, and did not stop after the 18th, 19th and even 20th National Congresses of the Party. The nature of his behavior is serious and the impact is bad, and he should be dealt with seriously. In accordance with the Regulations on Disciplinary Punishment of the Communist Party of China, the Supervision Law of the People's Republic of China, the Administrative Punishment Law of Public Officials of the People's Republic of China and other relevant regulations, after research by the Party Committee of the China Securities Regulatory Commission, it was decided to expel Yao Qian from the Party; after research by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the China Securities Regulatory Commission, it was decided to expel Yao Qian from public office; to confiscate his illegal gains; after research by the Shanwei Municipal Supervisory Committee of Guangdong Province, it was decided to transfer Yao Qian's suspected criminal issues to the procuratorial organs for review and prosecution in accordance with the law, and to transfer the relevant property together.

(Disciplinary Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the China Securities Regulatory Commission, Guangdong Provincial Commission for Discipline Inspection and Supervision)