Core Viewpoint - The article discusses the corruption case of Li Yong, former Deputy Secretary of the Party Committee and General Manager of China National Offshore Oil Corporation (CNOOC), highlighting his involvement in significant bribery and corruption activities, particularly in overseas projects [3][9]. Group 1: Corruption Details - Li Yong was involved in a long-term corruption scheme, utilizing his extensive knowledge of the international offshore oil sector to disguise bribery within seemingly legitimate project collaborations [3][4]. - A businessman named Ren Fengde acted as a "white glove" to collect bribes on behalf of Li Yong, facilitating the concealment of illicit funds overseas [4][5]. - Li Yong received millions of dollars in "thank you fees" from foreign agents, which were then funneled through complex offshore banking routes to obscure their origins [5][10]. Group 2: Investigation and Evidence - The investigation into Li Yong began after receiving tips about his suspicious activities, leading to a data-driven approach to uncover evidence of his corruption [4][10]. - The special investigation team analyzed extensive business records and engaged experts to understand the offshore oil business model, which helped identify irregularities in procurement projects linked to Li Yong [4][6]. - Evidence was gathered through international cooperation, leading to a comprehensive chain of evidence against Li Yong and his associates [5][10]. Group 3: Legal Consequences - In October 2023, Li Yong was placed under investigation and subsequently detained after attempting to destroy evidence of his corruption [9]. - He was sentenced to 14 years in prison for bribery and fined 3 million RMB, with all illicit funds recovered from overseas accounts [9][10].

Core Viewpoint - The documentary highlights the increasing effectiveness of anti-corruption efforts in China, particularly in addressing cross-border corruption, showcasing a specific case involving Li Yong, a former executive of China National Offshore Oil Corporation (CNOOC) [1][10]. Group 1: Case Overview - Li Yong, former Deputy Secretary of the Party Committee and General Manager of CNOOC, is under investigation for severe corruption, with over 83% of the illicit funds originating from overseas [1][10]. - The case exemplifies the challenges of cross-border corruption, where corrupt officials believed they could evade scrutiny by transferring illicit gains abroad [1][4]. Group 2: Investigation Techniques - The investigation utilized big data and information technology to analyze Li Yong's extensive business dealings and relationships, leading to the identification of suspicious activities [4][9]. - A key figure in the investigation, businessman Ren Fengde, was found to have close ties with Li Yong, facilitating corrupt transactions through a network of offshore accounts [5][8]. Group 3: International Cooperation - The investigation involved collaboration with multiple countries to gather evidence, demonstrating the effectiveness of international legal cooperation in combating corruption [8][11]. - The successful retrieval of evidence and recovery of illicit funds from abroad underscores the importance of global partnerships in anti-corruption efforts [11]. Group 4: Outcomes and Implications - Li Yong was sentenced to 14 years in prison and fined 3 million RMB for his corrupt activities, highlighting the consequences of cross-border corruption [10]. - The case serves as a warning that no one is above the law, even in international contexts, reinforcing the message that overseas locations are not safe havens for corrupt officials [11].

Core Viewpoint - The case of Li Yong, former Deputy Secretary of the Party Committee and General Manager of China National Offshore Oil Corporation (CNOOC), exemplifies cross-border corruption in state-owned enterprises, with over 83% of the illicit funds originating from abroad [3][4]. Group 1: Case Background - Li Yong has worked in the oil sector for nearly 40 years, leveraging his deep understanding of international offshore oil business models to disguise corrupt practices within seemingly legitimate project collaborations [5]. - The investigation into Li Yong began after the Central Commission for Discipline Inspection received tips regarding his suspected serious corruption issues, leading to a comprehensive data-driven inquiry [7][20]. Group 2: Investigation Techniques - Advanced technological methods significantly enhanced the investigation's effectiveness, allowing for rapid identification of key bribery targets through data analysis [9]. - The investigative team utilized a big data platform to analyze Li Yong's business relationships and project documentation, uncovering suspicious activities linked to a businessman named Ren Fengde [10][20]. Group 3: Corruption Mechanisms - Li Yong and Ren Fengde, who had a long-standing personal and professional relationship, engaged in a scheme where Ren acted as a "middleman" to facilitate corrupt transactions while keeping Li Yong's involvement concealed [12][15]. - In a specific instance, Li Yong orchestrated a deal involving an offshore drilling platform, where he arranged for Ren Fengde to receive a commission disguised as a legitimate transaction, effectively masking the bribe [14][17]. Group 4: International Cooperation - The investigation benefited from international cooperation, with the team successfully obtaining critical evidence from multiple countries, thereby closing the evidence chain for the case [22].

Core Viewpoint - The article discusses the case of Li Yong, former Deputy Secretary of the Party Committee and General Manager of China National Offshore Oil Corporation (CNOOC), highlighting the use of technology in anti-corruption efforts and the challenges of cross-border corruption investigations [1][6][8]. Group 1: Case Background - Li Yong was involved in significant overseas projects for CNOOC, with a prominent issue of cross-border corruption [6]. - Over 83% of the illicit funds in Li Yong's case originated from abroad, with investigations spanning 10 countries and regions [8]. - Li Yong believed that operating overseas would shield him from investigations, thinking that evidence would be hard to trace [12]. Group 2: Investigation Techniques - The disciplinary inspection and supervision authorities utilized big data and information technology to enhance the effectiveness of their investigations [1][17]. - A specialized task force analyzed extensive business records and employed data collision techniques to identify key suspects linked to Li Yong [15][17]. - The investigation revealed suspicious procurement projects linked to a businessman named Ren Fengde, who had close ties with Li Yong [18][22]. Group 3: Corruption Methods - Li Yong engaged in corrupt practices by disguising bribery within seemingly legitimate project collaborations, believing he could evade detection [10][26]. - He facilitated the receipt of bribes through intermediaries, such as Ren Fengde, who acted as a "white glove" to obscure the transactions [26][31]. - Li Yong's methods included creating offshore accounts to hide illicit funds, complicating the money trail across multiple jurisdictions [37][39]. Group 4: Consequences and Legal Actions - Following the investigation, Li Yong was placed under scrutiny and ultimately detained, leading to a conviction for bribery with a sentence of 14 years in prison and a fine of 3 million yuan [59][61]. - The case exemplifies the effectiveness of international cooperation in anti-corruption efforts, with successful evidence collection from foreign jurisdictions [39].

Core Viewpoint - The documentary highlights the increasing efforts of China's disciplinary inspection and supervision agencies in combating cross-border corruption, utilizing big data and information technology to uncover and investigate numerous cases, including that of Li Yong, a former executive at China National Offshore Oil Corporation (CNOOC) [1][12]. Group 1: Corruption Case of Li Yong - Li Yong, who worked in the oil sector for nearly 40 years, is suspected of serious corruption, with significant amounts of bribe money hidden overseas [3][5]. - The investigation into Li Yong was initiated after receiving tips about his activities, leading to a comprehensive analysis of his business dealings and the identification of suspicious transactions involving a businessman named Ren Fengde [3][7]. - Li Yong and Ren Fengde, who have a long-standing personal and professional relationship, engaged in a scheme where Ren acted as a "white glove" to facilitate bribe payments while obscuring Li's involvement [5][8]. Group 2: Investigation and Legal Consequences - The investigation revealed that Li Yong received millions of dollars in bribes, which were then funneled through complex offshore banking routes to evade detection [7][12]. - Li Yong was ultimately sentenced to 14 years in prison for bribery, with a fine of 3 million yuan, and all overseas illicit funds were successfully recovered [10][12]. - The case underscores the importance of international cooperation in anti-corruption efforts and the use of technology to track and recover illicit assets, marking a significant step in addressing cross-border corruption [12].

Market Performance - On January 14, the Hang Seng Index rose by 0.56%, closing at 26,999.81 points, with a net inflow of HKD 28.65 billion through the southbound trading channel [1] - The total trading volume for the southbound trading on January 14 was HKD 1,606.16 billion, with a net buying amount of HKD 28.65 billion [1] Stock Activity - In the Shanghai-Hong Kong Stock Connect, Alibaba-W had the highest trading volume at HKD 165.92 billion, followed by Tencent Holdings and SMIC with trading amounts of HKD 40.03 billion and HKD 29.60 billion, respectively [1] - Tencent Holdings recorded a net buying amount of HKD 12.24 billion, while China Mobile had the highest net selling amount of HKD 9.13 billion, closing down by 0.19% [1] Shenzhen-Hong Kong Stock Connect - In the Shenzhen-Hong Kong Stock Connect, Alibaba-W also led with a trading volume of HKD 87.98 billion, followed by Tencent Holdings and Alibaba Health with trading amounts of HKD 25.24 billion and HKD 22.69 billion, respectively [2] - Alibaba Health had the highest net buying amount of HKD 11.61 billion, with a closing increase of 18.96% [2] ETF Performance - The Food and Beverage ETF (Product Code: 515170) has seen a decrease of 0.71% over the past five days, with a price-to-earnings ratio of 20.06 times and a net redemption of HKD 40.35 million [4] - The Gaming ETF (Product Code: 159869) increased by 10.84% over the past five days, with a price-to-earnings ratio of 43.58 times and a net redemption of HKD 180 million [4] - The Sci-Tech 50 ETF (Product Code: 588000) rose by 3.88% over the past five days, with a price-to-earnings ratio of 176.27 times and a net subscription of HKD 620 million [4] - The Cloud Computing 50 ETF (Product Code: 516630) increased by 17.69% over the past five days, with a price-to-earnings ratio of 104.56 times and a net redemption of HKD 11.55 million [5]

Core Viewpoint - The case of Li Yong, former General Manager of China National Offshore Oil Corporation (CNOOC), highlights significant issues of cross-border corruption within state-owned enterprises, with over 83% of illicit funds originating from overseas [2][4]. Group 1: Corruption Details - Li Yong was involved in a long-term corruption scheme, managing numerous overseas projects and believing that funds hidden abroad would be difficult to trace [2][4]. - The investigation revealed that a significant portion of the illicit funds was funneled through complex international banking routes, involving multiple countries and offshore accounts [8]. - Li Yong's relationship with businessman Ren Fengde facilitated corrupt practices, including the use of a "middleman" to disguise bribes as legitimate business transactions [6][8]. Group 2: Methods of Corruption - Li Yong exploited high intermediary commissions in overseas projects, colluding with unscrupulous agents to ensure excessive fees, which he then shared [9][11]. - A specific incident involved Li Yong negotiating inflated transaction costs for a drilling platform, where he received millions in bribes disguised as "thank you" payments [6][9]. Group 3: Consequences and Legal Actions - Following a tip-off about Ren Fengde's detention, Li Yong attempted to destroy evidence of his corruption by burning cash, but ultimately realized the futility of this action [12]. - Li Yong was later detained and sentenced to 14 years in prison for accepting bribes, along with a fine of 3 million RMB [12].

Core Viewpoint - The article discusses the case of Li Yong, former Deputy Secretary of the Party Committee and General Manager of China National Offshore Oil Corporation (CNOOC), highlighting the significant issue of cross-border corruption within state-owned enterprises, particularly in the oil sector [4][6]. Group 1: Case Overview - Li Yong was under investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission starting in March 2024 due to serious corruption allegations [4]. - The case is characterized as a typical example of cross-border corruption, with over 83% of the illicit funds originating from overseas [6]. - Li Yong utilized his extensive experience in the international offshore oil sector to disguise corrupt practices within seemingly legitimate project collaborations [6]. Group 2: Investigation Techniques - The investigation employed advanced data analysis techniques to uncover evidence of corruption, including the examination of extensive business records and international cooperation for evidence gathering [9][20]. - The use of big data platforms allowed investigators to identify key business relationships and suspicious activities linked to Li Yong, leading to the discovery of significant irregularities in procurement projects [11][20]. Group 3: Corruption Mechanisms - Li Yong engaged in corrupt practices by facilitating high commissions for foreign agents, which were then funneled through offshore accounts to obscure the source of the funds [17][20]. - A notable case involved a foreign agent who offered Li Yong a "thank you fee" for securing a project, which was disguised through a trusted intermediary, Ren Fengde, to avoid direct association [15][16]. Group 4: Consequences and Sentencing - Following the investigation, Li Yong was found guilty of accepting bribes and was sentenced to 14 years in prison along with a fine of 3 million RMB [27]. - The case serves as a cautionary tale about the consequences of corruption, with Li Yong expressing regret over his actions and the loss of his reputation [29].

1月14日晚，电视专题片《一步不停歇 半步不退让》第四集《科技赋能反腐》播出，讲述纪检监察机关 丰富防治新型腐败和隐性腐败有效办法，以信息化赋能正风反腐，充分运用科技手段精准发现不正之风 和腐败问题线索、迅速有效突破案件，着力提升智慧反腐、科技反腐水平。 其中，披露了中国海洋石油集团有限公司原党组副书记、总经理李勇案的相关细节。他曾长期分管中海 油在境外的大量项目，于2024年3月接受中央纪委国家监委审查调查。 很快，李勇就被留置。经查，他利用职务上的便利为他人谋取利益并收受巨额财物。2025年8月，法院 以受贿罪判处李勇有期徒刑14年，并处罚金人民币300万元。 "我现在全部都没了，真正是身败名裂，给自己这一辈子什么也没留下来，我觉得挺悲哀的。"李勇在镜 头前忏悔道。 智通财经记者 蒋子文 实习生 陈唐莲 专题片介绍称，直到李勇从该公司离任之后，孙某明显不合理的代理合同才被终止。李勇的私心私利， 本质上损害的是国家和人民的利益。 2023年10月李勇退休，本计划退休后享受这些贪腐带来的不义之财。然而不久后，中央纪委国家监委就 接到线索对他展开了调查。当李勇得知任峰德被留置的消息后，感到极度恐慌，在情绪崩溃之 ...

Core Viewpoint - The article discusses the increasing efforts of China's disciplinary inspection and supervision agencies in combating cross-border corruption, highlighting the case of Li Yong, a former executive of China National Offshore Oil Corporation (CNOOC), who was investigated for serious corruption issues related to overseas projects [1][5][18]. Group 1: Case of Li Yong - Li Yong, who worked in the oil sector for nearly 40 years, was suspected of serious corruption, particularly in overseas projects, where he concealed large amounts of bribe money [3][5]. - The investigation into Li Yong was initiated after receiving tips about his suspicious activities, leading to a comprehensive analysis of his business dealings and the use of data technology to uncover evidence [5][9]. - Li Yong had a close relationship with a businessman named Ren Fengde, who acted as a "white glove" to facilitate bribe payments, allowing Li to distance himself from direct involvement [7][9]. Group 2: Mechanisms of Corruption - Li Yong engaged in corrupt practices by inflating transaction costs and allowing unreasonably high commissions in overseas projects, which he believed were well-concealed [11][14]. - In one instance, he received a "thank you fee" of several million dollars from an agent after helping them win a bid, which was then funneled through offshore accounts to obscure its origin [9][10]. - The investigation revealed that Li Yong's corrupt activities not only harmed state interests but also involved threats from agents when he attempted to negotiate lower commissions [13][14]. Group 3: Legal Consequences and Recovery of Assets - Following the investigation, Li Yong was sentenced to 14 years in prison and fined 3 million RMB for accepting bribes [15][18]. - The disciplinary agencies successfully recovered all of Li Yong's overseas illicit funds, demonstrating a commitment to tackling both domestic and international corruption [18]. - The case exemplifies the ongoing efforts to enhance international cooperation in anti-corruption measures and the use of technology to track and recover illicit assets [18].