细览《公报》，"两面人""翻烧饼""灯下黑"等生动比喻赫然在列，直指当前反腐败工作中隐蔽性强、顽 固性突出的深层问题。与显性的大案要案相比，此类问题往往潜藏于权力运行的日常环节与细微之处， 识别难度更大、危害更深远，是必须持续发力、纵深推进整治的重点。 1月14日，《中国共产党第二十届中央纪律检查委员会第五次全体会议公报》（以下简称《公报》）发 布。 习近平总书记在多个重要场合深刻剖析相关现象及其背后反映的问题本质。在此次二十届中央纪委五次 全会上，总书记进一步指出，要把握腐败的新动向新特点，创新手段方式，完善反腐败责任落实机制， 及时发现、准确识别、有效治理各类腐败问题，不断提高反腐败穿透力。总书记的重要讲话，深刻体现 了党中央对反腐败斗争新形势新任务的科学研判和战略指引。 ...

开栏的话 习近平总书记在二十届中央纪委五次全会上发表重要讲话强调，要把握腐败的新动向新特点，创新手段 方式，完善反腐败责任落实机制，及时发现、准确识别、有效治理各类腐败问题，不断提高反腐败穿透 力。 2016年10月，邓少鹏成功套取乡镇财政资金10188.3元。此后邓、李二人几乎每月都"如法炮制"，截至 2021年2月，利用食堂采购名目共套取资金40多万元。 尝到了造假"甜头"的邓少鹏，进一步打起了工程项目的主意。 2018年12月，邓少鹏找到一废弃砂石厂的负责人，让其配合签订虚假拆迁合同，上报后获得相关补贴20 多万元，由负责人返还给邓少鹏。这是邓少鹏套取金额最大的一笔。 2021年，邓少鹏升任高田乡党委书记，随即提拔李盛阳为乡执法大队队长。由于新任乡长对于食堂账目 造假拒不配合，邓少鹏干脆调转方向，依照砂石厂的"成功经验"，频繁利用广告宣传、办公费、工程项 目等名目套取资金。 仇立权绘 当前，反腐败斗争面临新挑战，预期收益、约定代持、政商"旋转门"等新型腐败和隐性腐败问题突出。 本版今起开设"不断提高反腐败穿透力"栏目，聚焦各地纪检监察机关加强嵌入式监督、穿透式检视、立 体式研判，及时发现、准确识别、有效 ...

Core Viewpoint - The article highlights a case of corruption in Jiangxi Province, where local officials engaged in fraudulent activities to embezzle public funds, emphasizing the need for enhanced anti-corruption measures and oversight mechanisms [1][2][3]. Group 1: Corruption Case Details - A local official, Deng Shaopeng, and the former cashier, Li Shengyang, manipulated financial records to embezzle over 400,000 yuan (approximately 57,000 USD) from the township's budget through inflated procurement and fictitious projects [2][3]. - The fraudulent activities began after Deng's appointment as the township head in June 2016, where he aimed to cover historical debts and maintain operations by misappropriating funds [2]. - The scheme involved creating false contracts and inflating expenses, which led to significant financial misconduct over several years [3][4]. Group 2: Anti-Corruption Measures - Following the exposure of the corruption case, Jiangxi Province initiated a special campaign to address financial misconduct in township fiscal management, resulting in the identification of 144 related issues and 11 new problem leads [4][5]. - The provincial government implemented 35 measures to strengthen oversight of township financial resources, including the establishment of a monitoring system to track unusual spending patterns [5][6]. - As a result of these measures, non-essential expenditures in township budgets, such as office expenses, saw a significant reduction of 66.6% year-on-year by 2025, redirecting funds towards essential services and infrastructure [6].

文 ： 华创证券首席经济学家 张瑜（执业证号：S0360518090001） 联系人： 袁玲玲（微信 Yuen43） 一 、中纪委全会的四大关注点 中国共产党第二十届中央纪律检查委员会第五次全体会议，于 2026 年 1 月 12 日至 14 日在北京举行。中共中央总书记、国家主席、中央军委主席习近平出席全会并发表重 要讲话。中共中央政治局常委、中央纪律检查委员会书记李希代表中央纪委常委会作工作报告《以更高标准、更实举措推进全面从严治党，为实现"十五五"时期目标任务提供 坚强保障》 （参考往年情况，或于 2 月下旬发布报告全文） 。 （一） 金融、国企、能源、开发区、招投标仍是重点行业 2025 年和 2026 年中纪委全会中，金融、国企、能源、开发区、招投标这五个行业，连续两年均被列为年度反腐重点行业。 其中对于金融行业， 2018 年十九届中纪委二次 全会以来，每次会议都将其列入重点行业； 2023 年，二十届中纪委二次全会首次将其放在首位，到今年已连续四年位居首位。 | 时间 | কার্যা | 重点行业 | | --- | --- | --- | | 2026年1月12日至14日 | 二十届中央纪委 ...

1月14日，乌克兰国家反腐败局公布了搜查祖国党领导人、前总理季莫申科办公室的视频。季莫申科表 示30多名全副武装的人员在未出示任何证件的情况下进入并占据办公楼。执法人员在季莫申科面前打开 装有数捆美元钞票的袋子。季莫申科称行动持续整夜，工作人员被限制自由，执法人员带走其工作手 机、文件及个人储蓄。乌反腐败局通报此次搜查时表示，某党团领导人涉嫌收买选票，对此季莫申科否 认。 ...

1月12日，习近平总书记在二十届中央纪委五次全会上发表重要讲话，充分肯定过去一年全面从严治党 取得的显著成效，着眼基本实现社会主义现代化关键时期，对以更高标准、更实举措推进全面从严治 党，为实现"十五五"时期目标任务提供坚强保障作出战略部署。 "我们将认真学习贯彻习近平总书记重要讲话精神，推动完善制度规定，细化审批权限、流程标准和责 任清单，同时强化制度执行监督检查，坚决同违纪违法行为作斗争，确保制度规定真正成为带电的高压 线。"陕西省纪委监委政策法规研究室主任张雄说。 "认真学习领会习近平总书记重要讲话精神，我们要扛牢责任、担当作为，不断织密制度笼子，强化制 度执行，特别是聚焦重大决策、资金使用、审批监管等环节常态化监督，督促'关键少数'带头遵规守 纪，带动整体权力运行规范。"黑龙江省齐齐哈尔市纪委书记、监委主任孙天文说。 广大党员、干部表示，要深入学习贯彻习近平总书记重要讲话精神，强化使命意识和奋斗意志，忠诚履 职、担当尽责，持之以恒推进全面从严治党，推动全党上下凝聚起强大合力，把中国式现代化不断推向 前进。 认真探索贯彻落实党中央重大决策部署的有效方法和途径 习近平总书记强调，贯彻落实党中央重大决策部署 ...

Core Viewpoint - The fifth plenary session of the 20th Central Commission for Discipline Inspection outlines key tasks for the next phase of party conduct and anti-corruption efforts, emphasizing the need for enhanced political supervision and targeted actions against corruption in various sectors [1][3][5]. Group 1: Key Focus Areas - The report identifies six key tasks for 2026, with "strengthening political supervision" as the top priority to ensure the successful implementation of the 14th Five-Year Plan [3][4]. - It emphasizes the need to "improve the penetration of anti-corruption efforts" to timely identify and effectively address various corruption issues [5][10]. - The report highlights the importance of strict political and election discipline as local elections approach in 2026, aiming to prevent issues such as "performance engineering" and bureaucratic formalism [6][7]. Group 2: Targeted Sectors for Anti-Corruption - The report specifies sectors requiring intensified anti-corruption scrutiny, including finance, state-owned enterprises, energy, education, associations, development zones, and bidding processes [8][9]. - It stresses the need to address new forms of corruption and hidden corruption, particularly issues related to political-business collusion and the infiltration of capital into political spheres [10]. Group 3: Key Groups and Challenges - The report identifies "two-faced individuals," "key minority," and "young cadres" as critical groups for targeted anti-corruption efforts [11][12]. - It calls for a crackdown on cross-border corruption and emphasizes the need for collaboration in formulating laws against cross-border corruption [12].

Core Viewpoint - The meeting emphasizes the importance of strict party governance and anti-corruption efforts as essential for achieving the goals of the "15th Five-Year Plan" and ensuring the party's unity and integrity [3][5]. Group 1: Achievements and Future Tasks - The meeting acknowledges significant achievements in strict party governance over the past year and outlines strategic deployments for the future [3][4]. - It highlights the need for a stronger commitment to the "two safeguards" and the importance of maintaining the party's advanced nature and purity [4][5]. Group 2: Political Supervision and Discipline - The meeting stresses the necessity of enhancing political supervision to unify the party's efforts towards the "15th Five-Year Plan" goals [7]. - It calls for a crackdown on formalism and bureaucratism, ensuring that party members adhere to the central eight regulations and avoid misconduct [8]. Group 3: Anti-Corruption Measures - The meeting outlines a comprehensive strategy to combat corruption, focusing on key sectors such as finance, state-owned enterprises, and education [9]. - It emphasizes the importance of a multi-faceted approach to prevent corruption, including legal reforms and enhanced supervision mechanisms [9][10]. Group 4: Community Engagement and Oversight - The meeting highlights the need for continuous efforts to address corruption and misconduct at the grassroots level, enhancing community supervision [10]. - It encourages the establishment of long-term mechanisms for addressing public concerns and improving service delivery [10]. Group 5: Institutional Reforms and Capacity Building - The meeting calls for ongoing reforms in the disciplinary inspection system to improve its effectiveness and legal compliance [11]. - It emphasizes the importance of training and capacity building for inspection personnel to ensure high standards of governance [11][12].

腐败是党和国家事业发展进程中的拦路虎、绊脚石，反腐败是一场输不起也决不能输的重大斗争。习近 平总书记在二十届中央纪委五次全会上强调，要把握腐败的新动向新特点，创新手段方式，完善反腐败 责任落实机制，及时发现、准确识别、有效治理各类腐败问题，不断提高反腐败穿透力。这一重要论断 是对反腐败斗争新情况新动向的精准把握。 近年来，在反腐败斗争高压态势下，有的腐败分子为逃避纪法惩处，处心积虑变化腐败手段，腐败行为 日趋隐蔽，手段不断翻新升级，呈现出隐形变异的特点，发现、甄别和查处的难度明显增加。与传统腐 败形式相比，新型腐败和隐性腐败具有高度的隐蔽性、复杂性、模糊性。腐败隐蔽性越来越强。行为主 体隐匿，腐败行为多通过特定关系人、"影子公司"代持代管、出面操作，形成"行权"与"获利"的隔离 带，常规资产核查难以发现异常。腐败手段方式创新。腐败行为往往与合法经济活动、市场行为、民事 法律关系等深度交织。通过投资入股、高息放贷、挂名领薪等方式实现利益输送。涉金融、资本市场等 领域的腐败案件，需透过复杂交易结构，揭开遮盖在腐败行为上的"市场化""民事化""合法化"伪装。时 间跨度拉长。"期权腐败""延迟兑现"等模式切断即时利益 ...

Group 1 - The article emphasizes the deepening understanding of the laws of anti-corruption struggles under the leadership of Xi Jinping, highlighting the expansion of anti-corruption achievements and the development of a unique Chinese path to combat corruption [1] - The television documentary "Step Forward Without Hesitation, Step Back Without Retreat" focuses on the use of technology in anti-corruption efforts, showcasing how information technology is employed to identify and address corruption issues effectively [1] - The article mentions the increased efforts by disciplinary inspection and supervision agencies to combat cross-border corruption, utilizing information technology to uncover corrupt activities even outside the country [1] Group 2 - Ouyang Baiqing, Deputy Director of the International Cooperation Bureau of the Central Commission for Discipline Inspection, states that all overseas evidence is obtained, and illicit funds are fully recovered, emphasizing the need to be vigilant against new forms of corruption such as bribery through virtual currencies [5] - The article discusses the transformation of public power supervision through digitalization, which is becoming an essential method for promoting the "three no-corruption" strategy [9] - Xu Huibo, a member of the Jiangshan Municipal Commission for Discipline Inspection, highlights the importance of a system that aggregates intelligence from numerous sources, enhancing the effectiveness of anti-corruption efforts [13]