Core Viewpoint - The article discusses the expulsion of Li Gong, former vice chairman of the Anhui Provincial Political Consultative Conference and former chairman of Huazhong Securities, from the Communist Party due to serious violations of discipline and law, and his subsequent criminal prosecution [1][2][3]. Group 1: Investigation and Findings - Li Gong was investigated for five major violations, including loss of ideals, accepting gifts and benefits in violation of regulations, and using his position for personal gain [3]. - The Anhui Provincial Commission for Discipline Inspection stated that Li Gong's actions constituted serious violations of political, organizational, and ethical discipline, leading to his expulsion from the Party and criminal prosecution [3]. Group 2: Career Background - Li Gong, born in March 1959, held various positions in finance and government, including chairman of Huazhong Securities from 2007 to 2017, during which he facilitated the company's listing on the Shanghai Stock Exchange [5]. - After leaving Huazhong Securities, he was appointed as the chairman of Guoyuan Group, a financial holding group in Anhui Province, in November 2017 [5]. Group 3: Industry Context - The article highlights a trend of investigations and expulsions among senior executives in the securities industry, with several former chairmen of securities firms facing similar scrutiny for corruption and misconduct [8][9]. - The financial sector is experiencing a crackdown on corruption, with multiple cases of long-serving executives being investigated for serious violations [8].