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The website of the Central Commission for Discipline Inspection and the National Supervisory Commission announced on July 27 that according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the Bank of China and the Shanxi Provincial Commission for Discipline Inspection and Supervision: Recently, the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the Bank of China and the Jincheng Municipal Supervisory Commission of Shanxi Province opened an investigation into the serious violations of discipline and law by Chen Bin, former chief researcher of the China Banking Research Institute.

Upon investigation, it was found that Chen Bin, as a Party member and leading cadre of a centrally-managed financial enterprise, had lost his ideals and beliefs, betrayed his original aspirations and mission, was disloyal and dishonest to the Party, transferred and concealed stolen goods, and resisted organizational review; he disregarded the spirit of the Central Committee's eight regulations, accepted gifts and cash gifts in violation of regulations for a long time, used private yachts and vehicles of the objects of management and service without charge, and accepted banquets that may affect the impartial performance of official duties; he concealed the true situation and defrauded the treatment of exchange cadres; he abandoned the bottom line of integrity, was both an official and a businessman, was keen on doing business and running enterprises, illegally owned shares in non-listed companies, and illegally participated in private lending to obtain large returns; he illegally interfered and intervened in loan approval and engineering bidding projects; he violated the discipline of life; he was greedy, relied on loans to make money, used credit approval power to make profits for others, and illegally accepted huge amounts of property; he abused his power, causing major losses to national interests; he issued loans in violation of state regulations, and the amount was extremely huge.

Chen Bin seriously violated the party's political discipline, the spirit of the Central Committee's eight regulations, organizational discipline, integrity discipline, work discipline and life discipline, constituted serious violations of duty and was suspected of bribery, abuse of power by state-owned company personnel, and illegal lending. He did not restrain, stop, or know when to stop after the 18th, 19th and even 20th National Congresses of the Communist Party of China. 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", "Supervision Law of the People's Republic of China", "Administrative Punishment Law of the People's Republic of China for Public Officials" and other relevant regulations, after research by the Party Committee of the Bank of China, it was decided to expel Chen Bin from the party; after research by the Central Commission for Discipline Inspection and the National Supervisory Commission's Discipline Inspection and Supervision Group stationed in the Bank of China, it was decided to expel Chen Bin from public office; and to confiscate his illegal gains. The Jincheng Supervisory Committee of Shanxi Province transferred his suspected criminal issues to the procuratorate for review and prosecution in accordance with the law, and the property involved was transferred together.