The Party discipline inspection and supervision group stationed at the China Securities Regulatory Commission, together with Zhejiang’s Taizhou Municipal Supervisory Commission and with approval from the Central Commission for Discipline Inspection and the National Supervisory Commission, completed a disciplinary review and supervisory investigation into Dong Guoqun, a former Party committee member and deputy general manager of the Shanghai Stock Exchange. The CSRC Party committee decided to expel Dong from the Communist Party, the CSRC discipline watchdog imposed dismissal from public office and ordered confiscation of illicit proceeds, and the case was transferred for criminal prosecution review. The findings described serious alleged misconduct including obstructing investigations, repeated breaches of the Party’s “eight-point” rules through improper dining and entertainment, accepting banquets and golf arranged by supervised entities, and receiving valuable gifts and high-value consumption cards. The investigation also alleged market-related and corruption offences, including trading via multiple borrowed securities accounts, improperly taking stakes in several companies seeking listing, using nominees to conceal a “shadow shareholder” position, and accepting equity and cash in return for providing benefits to others in matters such as company listings, corporate supervision, large fund placements, and construction projects, with the amounts described as particularly large. Taizhou’s supervisory authority has transferred the suspected criminal conduct and related assets to the procuratorate for review and prosecution.

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