Guo Xudong, former Chairman of the Issuance Examination Committee of the China Securities Regulatory Commission, is transferred to the procuratorial authorities for review and prosecution on suspicion of job-related crimes.

JingAI Express, March 27, according to the Discipline Inspection and Supervision Group stationed at the China Securities Regulatory Commission by the Central Commission for Discipline Inspection and the State Supervision Commission, and the Zhejiang Provincial Commission for Discipline Inspection and Supervision: Recently, with approval from the Central Commission for Discipline Inspection and the State Supervision Commission, the Discipline Inspection and Supervision Group stationed at the China Securities Regulatory Commission and the Taizhou Municipal Commission for Supervision in Zhejiang conducted a case filing investigation into serious violations of duty by Guo Dongxu, former director of the issuance examination committee of the China Securities Regulatory Commission, deputy director of the issuance supervision department, and a first-level巡视员 (inspector).

According to the investigation, Guo Dongxu disregarded the spirit of the Central Eight-point Regulations, accepted banquets in violation of rules, and took bribes in the form of gifts and money; he abandoned his mission and responsibilities, practiced discriminatory treatment in the stock issuance review and approval work, and accepted equity; he used his regulatory authority to convey instructions to facilitate company listings and refinancing; upon leaving his job, he deceived the organization, engaged in illegal work by regulatory counterparts, accepted huge amounts of money and assets, and made false statements during organizational review and verification; he used the value of his official identity to accept equity interests in private funds; he illegally accepted money and other property, with the amount being especially enormous.

Guo Dongxu’s conduct has constituted serious violations of duty and is suspected of taking bribes for a crime, and after the 18th National Congress of the Communist Party of China, he did not desist or stop, with serious circumstances and a very bad impact, and he should be handled with due seriousness. In accordance with relevant provisions such as the Supervision Law of the People’s Republic of China and the Law on Administrative Penalties for Public Servants of the People’s Republic of China, his illegal gains shall be confiscated; the issues regarding his suspected criminal conduct shall be transferred to the procuratorial authorities for examination and prosecution according to law, and the assets involved shall be transferred along with the case.

(Editor: Wang Zhiqiang HF013)

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