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the central commission for discipline inspection and the national supervisory commission launched a case review and investigation into li quan, former party secretary and chairman of xinhua life insurance co., ltd., for serious violations of discipline and law.

after investigation, li quan lost his ideals and beliefs, deviated from his original intention and mission, and resisted organizational review; ignored the spirit of the eight central regulations and repeatedly accepted banquets that may affect the fair execution of official duties; violated organizational principles and illegally sought benefits for others in the employee recruitment process; accepting gifts and money in violation of regulations, taking advantage of the convenience of working in state-owned financial institutions to engage in profit-making activities, illegally taking part-time jobs and receiving excessive remuneration; having no bottom line in discipline and law, unscrupulously "relying on finance to eat finance", engaging in power-for-money transactions, and taking advantage of the convenience of position to benefit others seeking profits in business operations and obtaining investment opportunities, and illegally receiving huge amounts of property; wantonly embezzling public property, causing significant losses to the interests of the country and the people.

li quan seriously violated the party's political discipline, organizational discipline and integrity discipline, constituted a serious official violation and was suspected of corruption and bribery crimes. he did not restrain himself or stop after the 18th national congress of the communist party of china. this is serious in nature and has a bad impact, and should be severely punished. deal with. in accordance with the "disciplinary punishment regulations of the communist party of china", the supervision law of the people's republic of china, the law of the people's republic of china on governmental punishments for public servants, and other relevant provisions, after deliberation at the meeting of the standing committee of the central commission for discipline inspection, it was decided to expel li quan from the party; his enjoyment will be revoked in accordance with regulations. treatment; confiscate his illegal gains; transfer his suspected criminal issues to the procuratorate for review and prosecution in accordance with the law, and transfer the property involved.