靠金融吃金融！利光秘，被开除党籍

Core Viewpoint - The article reports on the expulsion of Li Guangmi, the former Party Secretary and Chairman of the Hainan Rural Credit Cooperative Union, from the Party due to serious violations of discipline and law, highlighting ongoing anti-corruption efforts in the financial sector [1][2]. Summary by Sections Investigation and Findings - Li Guangmi was subjected to an investigation by the Hainan Provincial Commission for Discipline Inspection and Supervision for serious violations of discipline and law [2]. - The investigation revealed that Li Guangmi lost his ideals and beliefs, violated the spirit of the Central Eight Regulations, and engaged in activities such as accepting gifts and entertainment at public expense [3]. - He was found to have abused his power for personal gain, engaging in corrupt practices including facilitating loan approvals for others and illegally accepting large sums of money [4]. Disciplinary Actions - Li Guangmi was expelled from the Party, stripped of his benefits, and required to return funds related to his misconduct. His case has been forwarded to the judicial authorities for prosecution [4]. - The disciplinary actions were based on violations of the Communist Party's disciplinary regulations and relevant laws [4]. Background Information - Li Guangmi, born in November 1960, has a doctoral degree and extensive experience in the banking sector, having worked at the Agricultural Bank of China and later at the Hainan Rural Credit Cooperative Union [5]. - The Hainan Rural Credit Cooperative Union was established in 2007 and is set to merge into Hainan Rural Commercial Bank by May 2024, with significant financial metrics reported, including deposits of 3300.35 billion and loans of 1956.86 billion [5].