(Shijiazhuang Comprehensive News) Yao Gang, the former vice chairman of the China Securities Regulatory Commission, was accused of accepting bribes of nearly 70 million yuan (RMB, the same below, 14.27 million Singapore dollars). He pleaded guilty in court and the court will choose a sentencing date.

According to Xinhua News Agency, the Handan City Court in Hebei Province publicly heard Yao Gang's bribery and insider trading case yesterday.He was accused of accepting more than 69.61 million yuan in bribes and making illegal profits of more than 2.1 million yuan through stock trading.

Yao Gang was accused of taking advantage of his positions as assistant to the chairman and vice chairman of the China Securities Regulatory Commission from 2006 to 2015 to provide assistance to relevant units in matters such as suspension and resumption of stock trading during mergers and acquisitions, share transfers, and avoiding administrative penalties.Illegally accepting other people's property through their relatives.

He was also accused of taking advantage of his position as assistant to the chairman of the China Securities Regulatory Commission and director of the Issuance Supervision Department from January to April 2007 to obtain insider information about the reorganization and listing of relevant companies, and to use other people's stock accounts actually controlled by him to trade in related stocks before the suspension of trading.Buying, selling after resumption of trading, making illegal profits.

According to public information, the 56-year-old Yao Gang is a doctor of economics. He was the general manager of Guotai Junan Securities Co., Ltd., the assistant to the chairman of the China Securities Regulatory Commission, and served as the vice chairman of the China Securities Regulatory Commission in 2008.He has been in charge of the Ministry of Issuance Supervision of the China Securities Regulatory Commission for 13 years, and he has the power to review the issuance of initial public offerings (IPOs) in the A-share market, which has earned him the title of Emperor of Issuance and Review in the capital market.

He was sacked in November 2015 for suspected serious violations of discipline, and was expelled from the party and public office in July last year. Related Reading: Sun Zhengcai pleaded guilty in court when the bribery case started.

Sun Zhengcai, the former secretary of the Chongqing Municipal Party Committee who was accused of illegally receiving a total of 35.46 million Singapore dollars in property, has no objection to the facts and charges of the charges.In his final statement, he said that he sincerely confessed and repented, and sincerely obeyed the court's judgment.

(Comprehensive news from Beijing) The bribery case of Sun Zhengcai, the former secretary of the Chongqing Municipal Party Committee of the Communist Party of China, was heard in Tianjin No. 1 Intermediate People's Court yesterday.

According to Xinhuanet, the No. 1 Branch of Tianjin People's Procuratorate charged that Sun Zhengcai, from 2002 to 2017, used his positions as Secretary of the Shunyi District Committee of Beijing, Member of the Standing Committee of the Beijing Municipal Committee, Secretary General of the Municipal Committee, Minister of Agriculture, Secretary of the Jilin Provincial Committee,Members of the Political Bureau of the Central Committee, secretary of the Chongqing Municipal Party Committee, etc., providing assistance to relevant units and individuals in matters such as project contracting, business operation, and job adjustment, and illegally accepting property from others alone or in collaboration with specific related parties, the total amount is equivalent to RMBMore than 170 million yuan (S$35.46 million).

Sun Zhengcai has no objection to the facts and charges of the charges.According to the law, the defendant has the right to make a final statement. When he made the final statement yesterday, Sun Zhengcai pleaded guilty with two sincerities. He said that he sincerely pleaded guilty, repented, and sincerely obeyed the court's judgment.

Sun Zhengcai also said that he was judged solemnly by the law, he deserved it, and he was convinced.

Evidence shows that Sun accepted bribes from Zhang Jun

The trial footage broadcast by CCTV showed that when Sun Zhengcai walked into the defendant's seat, the judicial police helped him to sit in the seat, but Sun Zhengcai's body shape and appearance did not seem to have changed much.

Officials also released the persons involved in the Sun Zhengcai case for the first time yesterday.The official Weibo of the Tianjin No. 1 Intermediate People’s Court stated that during the trial, both the prosecution and the defense questioned the witnesses who testified in court, but did not disclose their names. The CCTV screen showed that Sun Zhengcai could be seen accepting witnesses when the public prosecutor presented court evidence.The evidence of valuables proves that Sun Zhengcai accepted bribes from Zhang Jun.According to the outside world, this Zhang Jun may be Zhang Jun, chairman of Funde Life Insurance Co., Ltd.

Zhang Jun is the actual controller of Fund Group, which owns many financial companies and is also involved in real estate, mining, asset management and other businesses. Beijing Business Daily quoted a report saying that Zhang Jun’s personal wealth exceeded 80 billion Hong Kong dollars (13.3 billion Singapore dollars).).In February 2016, Funde Insurance Holdings Co., Ltd. issued a statement confirming that its chairman Zhang Jun assisted relevant departments in the investigation.

The official report did not mention crimes such as leaking organization secrets

In the official notification, Sun Zhengcai was tried for only one charge of bribery. In the newsletter issued by the Beijing News’s WeChat public account Zhengshi yesterday morning, it was pointed out that Sun Zhengcai was also charged with crimes such as leaking organizational secrets. However, Zhengshi was quickly deleted.received this newsletter.

As for who Sun Zhengcai disclosed what secrets to, the official did not mention. Ming Pao reported earlier that Sun Zhengcai was involved in the case of Mu Huaping, the former deputy mayor of Chongqing whom he single-handedly promoted, and the latter’s Hong Kong girlfriend was accused of spying.

Overseas public opinion believes that the leak involving Sun Zhengcai may be related to this, that is, Mu Huaping leaked the secret to his girlfriend, and Sun Zhengcai indirectly leaked the secret of the organization.

The 54-year-old Sun Zhengcai was once regarded as a popular candidate for the successor of the sixth generation of the CCP. In July last year, he was investigated for serious violations of discipline.The clues were transferred to the judiciary for handling.

The accusations against Sun Zhengcai released by Xinhua News Agency were very harsh, including lack of ideals and beliefs, betrayal of the party's purpose, loss of political stance, serious violation of the party's political discipline and rules, serious violation of organizational discipline, and nepotism in the selection and appointment of people.But Xinhua News Agency later revised it, changed no ideals and beliefs to shake ideals and beliefs, and changed serious trampling to serious violations.

But these words still show that Sun Zhengcai made a serious mistake.Chongqing officials have recently issued a series of documents, emphasizing the need to fully eliminate Sun Zhengcai's legacy of Bo Xilai, severely criticizing Sun Zhengcai who deserves to be blamed, and listing multiple crimes against him.

In Jilin, where Sun Zhengcai was once in power, at the enlarged meeting of the Standing Committee of the Provincial Party Committee held in February this year, when conveying the spirit of the Central Office's report, he also pointed out that the nature of Sun Zhengcai's crimes is serious, which is rarely seen since the founding of New China.The outside world believes that judging from the seriousness of Sun Zhengcai's problem, he is likely to be sentenced to a heavy sentence.