The Central Commission for Discipline Inspection and National Supervisory Commission’s discipline inspection and supervision body stationed at the National Financial Regulatory Administration, together with Fujian’s Quanzhou Municipal Supervisory Commission, concluded a disciplinary review and supervision investigation into Huang Runzhong, former Party committee member and secretary-general of the China Banking Association. Following the findings, the National Financial Regulatory Administration Party committee decided to expel Huang from the Communist Party and confiscate his illicit gains, while the Quanzhou authority transferred the suspected criminal case to the procuratorate for review and prosecution. The investigation found Huang had resisted and obstructed oversight, including colluding with others and destroying or transferring evidence, and had violated central government rules on conduct by accepting gifts, cash and shopping cards and attending banquets arranged by regulated entities. It also concluded he had improperly interfered in personnel arrangements at supervised institutions, unlawfully received property and held shares in an unlisted company, and had others pay or reimburse personal expenses. Authorities further alleged he used his position to secure benefits for others including seeking reduced regulatory penalties and bank business, and illegally accepted large amounts of property,涉嫌受贿. Under relevant Communist Party disciplinary rules and China’s supervision and public employee sanction laws, the case has been referred to prosecutors for examination and potential indictment.

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