Zhong Guo Ji Jin Bao·2025-12-29 12:06Core Viewpoint - The former Party Secretary and President of the Yunnan Branch of the Industrial and Commercial Bank of China, Xu Hai, has been expelled from the Party due to serious violations of discipline and law [1][5]. Group 1: Investigation and Findings - Xu Hai was subjected to an investigation by the Central Commission for Discipline Inspection and the supervisory committee of Liupanshui City, Guizhou Province, for serious violations of discipline and law [3]. - The investigation revealed multiple issues, including loss of ideals, resistance to organizational review, acceptance of potentially compromising banquets and golf activities, misuse of public funds, and interference in major business activities [4]. Group 2: Disciplinary Actions - Based on the findings, Xu Hai was expelled from the Party, and his benefits were revoked. His case has been forwarded to the prosecutorial authorities for legal proceedings [5]. - Xu Hai has a long career in the Industrial and Commercial Bank of China, having held various positions for over 30 years, including roles in different branches and as a supervisor in the bank's wealth management subsidiary [5]. Group 3: Broader Context - This incident is part of a larger trend, as several officials from the Industrial and Commercial Bank of China have faced disciplinary actions this year, indicating ongoing scrutiny within the organization [6].