CCTV News: The website of the Central Commission for Discipline Inspection and the National Supervisory Commission reported that according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in CITIC Group and the Hebei Provincial Commission for Discipline Inspection and Supervision: Recently, the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in CITIC Group and the Xingtai Municipal Supervisory Commission of Hebei Province filed a case for investigation and investigation into the serious violations of discipline and laws by Zhao Xiaofan, former Party Secretary and General Manager of CITIC Prudential Life Insurance Co., Ltd.

After investigation, Zhao Xiaofan, as a party member leading cadre of state-owned financial enterprises, lost his ideals and beliefs, betrayed his original aspirations and mission, had misaligned his political achievements, deviated from the requirements of high-quality development of the insurance industry, brought books with serious political problems and privately read them, colluded with others to transfer, concealed evidence, deliberately confronted organizational review, and engaged in superstitious activities; ignored the spirit of the Central Eight Regulations, accepted gifts and cash that may affect the fair performance of official duties and accepted banquets, and used public funds to pay the expenses that should be borne by himself; there was no original organization Then, in the selection and appointment of cadres, they are nepotistic, seek benefits for others and accept property for employees, and do not truthfully report personal matters; they lose their bottom line of integrity, engage in power and power transactions, borrow other people's accounts to trade stocks for a long time, do business and run businesses in violation of regulations, hold shares of non-listed companies, use their power to seek benefits for specific related persons; violate life discipline; engage in power and money transactions, alienate public power into a tool for personal gain, and seek profit for others in credit approval, personnel arrangements, business contracting, etc., and illegally accept huge amounts of property.

Zhao Xiaofan seriously violated the Party’s political discipline, organizational discipline, integrity discipline and life discipline, constituted serious violations of duty and was suspected of bribery crimes, and did not restrain himself or stop after the 18th National Congress of the Communist Party of China. The nature is serious and the impact is bad, and should be dealt with seriously. In accordance with the "Regulations on Disciplinary Punishment of the Communist Party of China", "Supervision Law of the People's Republic of China", "Administrative Punishment Law of the People's Republic of China" and other relevant provisions, after research by the CITIC Group Party Committee meeting, it was decided to expel Zhao Xiaofan from the Party; after research by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in CITIC Group, it was decided to cancel the benefits he enjoyed in accordance with the regulations; confiscate his illegal gains; the Xingtai Municipal Supervisory Commission will transfer his suspected criminal issues to the procuratorate for review and prosecution in accordance with the law, and the property involved will be transferred together.