On May 23, 2017 (April 28, 2017 in the lunar calendar), Yang Jiacai, assistant to the chairman of China Banking Regulatory Commission, was suspected of serious violation of discipline. On May 23, 2017, Yang Jiacai, member of the Party Committee and assistant to the chairman of China Banking Regulatory Commission, was suspected of serious violation of discipline and is currently undergoing organizational review. Financial anti-corruption is getting worse and worse, and Yang Jiacai, the "first tiger" of the China Banking Regulatory Commission, appeared. More than a month after being reported to have lost contact, official website, the Central Commission for Discipline Inspection, disclosed on May 23, 2017 that Yang Jiacai, member of the Party Committee and assistant to the chairman of China Banking Regulatory Commission, was suspected of serious violation of discipline and is currently undergoing organizational review. As of press time, the reporter saw that Yang Jiacai had disappeared in the column of "CBRC Leadership" on the official website of CBRC. Yang Jiacai likes to give examples. For example, when it comes to illegal fund-raising, it is like a young girl falling in love with a liar. Love gives birth to hate, and it begins to give up. When it comes to the trust, it says it doesn't like "Empress Dowager Cixi"; It is said that journalists are like Chinese medicine, CBRC is like western medicine, and the relationship between journalists and supervision is the integration of Chinese and western medicine. "He can accurately name some journalists by name; Some journalists who go abroad to study or further study will ask him to write letters of recommendation," said a reporter who had contact with Yang Jiacai. The last appearance talked about strengthening supervision. In fact, the Beijing News reporter learned from a number of independent sources on April 14th that Yang Jiacai, assistant to the chairman of the China Banking Regulatory Commission, could not be contacted recently and was assisting in the investigation. Prior to this, Yang Jiacai's last public appearance was the news briefing held by the China Banking Regulatory Commission at 4pm on April 7th. The theme of this briefing was the briefing conference of the recent key work of the CBRC. Yang Jiacai, then member of the CBRC Party Committee, assistant to the chairman and director of the general office, Liu Fushou, director of the regulation department, and Wang Chaodi, inspector of the on-site inspection bureau, attended the meeting. "Thank you for your strong support for the CBRC's press conference, and I would like to express my gratitude to everyone. Next, I suggest preparing some drinks and snacks for everyone in a large release hall, or even catching up on sleep here in the morning and drinking some coffee in the afternoon." Yang Jiacai said. At 4 o'clock on the afternoon of April 7th, he walked into the release hall, and as soon as he sat down, he greeted the reporter with a smile. At this briefing, Yang Jiacai talked about the working status of the CBRC after the personnel adjustment of the CBRC, "working overtime every day". "The personnel adjustment of the CBRC, since Chairman Guo took office, the new team was only determined in March. The CBRC is working overtime every day. The year is in spring, and the recent key work of the CBRC is announced." Yang Jiacai said at the meeting that at this briefing, he was divided into five parts to summarize the recent regulatory actions of the CBRC and various policies to be formulated next: emphasizing service, preventing risks, strengthening coordination. When talking about risk, Yang Jiacai said metaphorically, "Just as love is the eternal theme of literary works, risk is also the eternal theme of banking supervision." Risk prevention is also the primary task of banking supervision, and the main goal should be to prevent the bottom line of systemic risk. On the day of the briefing, the China Banking Regulatory Commission issued "Increasing Supervision and Penalties", clearly stating that it will increase supervision and penalties this year. Dare to show the sword, dare to confront difficulties, dare to "uncover the lid" and "hit the board", insist on severe punishment and severe punishment, always maintain a high-pressure situation of rectifying financial chaos, and investigate and deal with a number of illegal cases. According to statistics, in the first quarter of 2017, the CBRC system imposed 485 administrative penalties, with a total fine amount of 190 million yuan; 197 responsible persons were punished, of which 19 were disqualified as senior executives and 11 were prohibited from engaging in banking work. In addition, at the briefing on that day, Yang Jiacai also talked about "controlling chaos". He said that in recent years, there have been many new products and new businesses in the financial market. Some people summarize irregular businesses, irregular behaviors and inappropriate products as chaos, which is actually a problem in the financial field. To this end, the China Banking Regulatory Commission has also formulated relevant documents to mobilize banking financial institutions across the country to focus on rectifying financial chaos. He introduced that through sorting out, the CBRC summed it up into ten aspects of chaos, each of which includes some minor items behind. Banks conduct self-examination and self-correction against this "problem map" or "problem menu", with full coverage of institutions, employees and businesses, and everyone has to sort it out. Yang Jiacai also said that it is beneficial to identify problems to make up for the shortcomings of supervision. Violation of regulatory rules shall be dealt with in accordance with regulation. The CBRC will seriously deal with illegal institutions and individuals through "three questions for one case", "three questions for one risk", "three questions for one loss" and "three accountability". At the same time, the China Banking Association has established two lists of punished persons-blacklist and grey list, which will prohibit "blacklist" personnel from entering the banking industry; Those who are handled lightly will be listed as the "grey list" of concern, and banking financial institutions will be warned to appoint them prudently at their own risk. At the end of the briefing, Yang Jiacai smiled to the reporters attending the meeting, "We are engaged in government supervision, and you are engaged in market supervision. It will be more effective to combine government supervision with market supervision". He said that just like traditional Chinese and western medicine, journalists are from the perspective of traditional Chinese medicine. From the overall performance, the CBRC is western medicine, and many indicators are used to judge the industry. It will be more effective for reporters to find problems or provide clues and combine them inside and outside the CBRC. "So, I have long regarded you as our supervisory alliance, but the establishment is limited." Yang Jiacai said, "Many of you have already entered financial institutions. If any of you think of financial institutions, we are very welcome, and I can help recommend them." It is suspected that the case of Yang Dongping of Bank of Communications was investigated. According to Caixin.com, Yang Jiacai was investigated as being brought out by the case of Yang Dongping, chief risk officer of Bank of Communications a few months ago, mainly involving a loan case of a housing enterprise in Wuhan, Hubei Province. It is reported that Er Yang has a job intersection in Hubei Province, and "the relationship is very good". In February this year, the website of the Supervision Department of the Central Commission for Discipline Inspection announced that Yang Dongping, a 60-year-old member of the Party Committee and chief risk officer of Bank of Communications, was expelled from the party and public office after being studied by the Standing Committee of the Central Commission for Discipline Inspection and reported to the Central Committee of the Communist Party of China for approval; Collect his disciplinary income. According to the above punishment news, after investigation, Yang Dongping, as a leading cadre of party members, wavered his ideals and beliefs, weak sense of discipline, violated political discipline and confronted organizational censorship; Violation of integrity discipline, use the influence of authority and position to help private business owners obtain loans, and I and my relatives seek personal gain from them. Subsequently, Bank of Communications also announced that Yang Dongping had submitted a report to the board of directors of the company on February 24th, 2017, and no longer served as the chief risk officer, effective from that day. According to Yang Dongping's public resume, Yang Dongping has worked in Bank of Communications for more than 27 years. Before being investigated, he served as the first chief risk officer of Bank of Communications. His position belonged to senior executives, mainly responsible for the overall management of market risk, credit risk and operational risk. Prior to this, Yang Dongping successively served as deputy general manager and general manager of Bank of Communications Hong Kong Branch. In September 2005, he also served as deputy manager of securities business department, deputy director and director of credit department, general manager of international business department, vice president and president of Bank of Communications Wuhan Branch. According to Caixin.com's report, Yang Dongping's experience in Wuhan is most likely inextricably linked with Yang Jiacai, assistant to the chairman of the China Banking Regulatory Commission. Yang Jiacai's resume shows that he had been working in Hubei before he became the director of Anhui Banking Regulatory Bureau in 2005. In September 2016, after 61-year-old Guo Ligen stepped down as vice chairman of China Banking Regulatory Commission, Yang Jiacai was one of the most popular candidates for vice chairman. According to the existing procedures, the promotion of middle management cadres must be subject to the opinions issued by the Central Commission for Discipline Inspection. According to informed sources, around the Spring Festival in 2017, relevant people went to Wuhan for verification, thus confirming the relevant evidence. Industry insiders say that Yang Jiacai "actively challenges difficult things." Yang Jiacai, born in 1961, was born in Hubei. Before 2005, he mainly worked in Hubei. He successively served as a cadre of the grain bureau, the finance office of the county government and the section chief of the government office in Zhongxiang County, Hubei Province. Since December 1988, he has joined Zhongxiang County Sub-branch of the People's Bank of China as the chief auditor. Since then, until 2003, he was a member of the preparatory team of Hubei Banking Regulatory Bureau. He worked in the People's Bank of China in Hubei Province for 15 years, and served as the chief auditor of Zhongxiang County Sub-branch of the People's Bank of China, deputy section chief, section chief and deputy office director of the Personnel Department of Hubei Branch of the People's Bank of China, deputy governor of Wuhan Branch of the People's Bank of China, deputy director of the operation and management department of Wuhan Branch, and member of the Party Committee; 2001.04-2003.07 Vice President and Party Committee Member of Wuhan Branch of People's Bank of China. In 2003, he moved from the central bank system to the China Banking Regulatory Commission, participated in the preparation of the Hubei Banking Regulatory Bureau, and served as the deputy director of the Hubei Banking Regulatory Bureau. In 2005, 44-year-old Yang Jiacai left Hubei Province, where he had worked for many years, and went to Anhui to serve as the director and party secretary of the Banking Regulatory Bureau. In 2005, he integrated six city commercial banks and seven city credit cooperatives in Anhui into "Huishang Bank". After the establishment of Huishang Bank, various businesses have developed by leaps and bounds, and the original business risks of city commercial banks and city credit cooperatives have also been resolved. As the founder of Huishang Bank, Yang Jiacai was named the 2005 National City Commercial Bank Person of the Year. A year and a half later, in January 2007, Yang Jiacai went to Beijing as the director of the Supervision Department of the China Banking Regulatory Commission, in charge of the supervision businesses of the four major banks. Until September 2012, he served as the director of the general office of China Banking Regulatory Commission. Less than a year later, in May 2013, "Yang Jiacai was promoted to assistant to the chairman". On June 4, 2013, the name of Vice Chairman Cai Esheng has been removed from the leadership column on the homepage of CBRC official website, and the new vice chairman and assistant to the chairman are Yan Qingmin and Yang Jiacai respectively. According to the official resume information, Yan Qingmin and Yang Jiacai both started to take up their new posts in May 2013. Yang Jiacai serves as assistant to the chairman, member of the Party Committee and director of the general office of the China Banking Regulatory Commission. I have been in Beijing for 10 years. When he served in the China Banking Regulatory Commission, he made important work instructions on behalf of the China Banking Regulatory Commission at many press conferences related to banking reform, development and supervision. During his work in the China Banking Regulatory Commission, he was in charge of trust and asset management companies, and participated in many annual meetings of the trust industry over the years. At the 2014 Trust Industry Annual Meeting, Yang Jiacai encouraged trust companies to go public to increase capital and introduce foreign capital. He once said at the 2016 annual meeting of the trust industry that trust companies don't like "Empress Dowager Cixi" and people who listen to politics behind the curtain. "We hope that the shareholders of trust companies will stand at the front desk, exercise their power independently according to your equity, and don't listen to politics. The same is true for trust companies to be investors in other enterprises. They should stand up generously, and so-and-so trust subsidiaries and so-and-so trust projects should be shown directly." Yang Jiacai said. According to media reports, the famous "Yang Eight Articles" was published by Yang in his speech at the annual meeting of the trust industry on December 19th, 2014. Its core lies in clarifying the responsibilities of the trust industry: "If some responsibility boundaries are clearly drawn, the role orientation and internal management of the trust will be understood, and the society will recognize and trust the trust." In the research field, Yang Jiacai also has many works, such as: General Theory of Banking Supervision, Financing Ways for SMEs, New Theory of Credit Management, etc. Some insiders told the Beijing News that Yang Jiacai started at the grass-roots level, was smart and capable, and had first-class responsiveness. He was a technical school of contemporary financial officials, and had Chinese wisdom in both language and regulatory art. A number of supervisors familiar with Yang Jiacai said that it was a pity that Yang Jiacai was investigated. Yang Jiacai is an official who does practical things, and he is also very responsible and willing to take the initiative to challenge difficult things. Zeng "praised" Guo Shuqing in a fancy way. As Yang Jiacai revealed at the briefing on April 7th, "Since Chairman Guo took office, the new team was only confirmed in March, and the CBRC was working overtime every day." He and Guo Shuqing, chairman of the CBRC, were investigated only for one month. On March 2nd, Guo Shuqing, the new chairman of China Banking Regulatory Commission, led four senior executives of China Banking Regulatory Commission, including Yang Jiacai, to attend the press conference of the Information Office of the State Council. At this meeting, Yang Jiacai "praised" Guo Shuqing in a fancy way. When answering questions about illegal fund-raising, Yang Jiacai fully affirmed Guo Shuqing's financial work in Shandong Province. "At present, local governments take overall responsibility for handling illegal fund-raising, usually in local financial offices. When Chairman Guo was in Shandong, he was called the Supervision Bureau and had a full-time financial deputy mayor, so illegal fund-raising in Shandong is relatively better than other places." Later, Guo Shuqing, the new chairman of China Banking Regulatory Commission, interjected, "You didn't praise me when I was not the chairman." Yang Jiacai said, "I suffered from no chance." Yang Jiacai's humorous and vivid expression of "strength circle powder" at the press conference on the same day, many netizens said when watching the live broadcast of the press conference on the same day that they were "overwhelmed by the speech of Yang Jiacai's assistant to the president." He compared illegal fund-raising to the process of "hate from love, chaos from beginning to abandoning". In his view, illegal fund-raising was a community of interests in the early stage, so few people reported it. The reason is that they were a community of interests in the early stage. "It's like a young girl falling in love with an unexposed swindler. If parents intervene at this time, it will be regarded as beating mandarin ducks with a stick. However, once she missteps and the scam is uncovered, she regrets it. Therefore, illegal fund-raising has such a process of love and hate." Yang Jiacai said. How can we reveal the cheater's behavior in the stage of love? Yang Jiacai revealed that at present, the China Banking Regulatory Commission is formulating an administrative regulation, that is, the Regulations on Disposal of Illegal Fund-raising. This was drafted by the member units of the joint meeting, and the opinions of various provincial people's governments and departments have been solicited. It was submitted to the Legislative Affairs Office in July last year, and it is currently in the process of revision, and will actively promote its introduction as soon as possible. On May 15th, the General Office of China Banking Regulatory Commission announced the 2017 legislative work plan, saying that 46 legislative projects will be completed this year. Among them, the administrative regulation "Regulations on Disposal of Illegal Fund-raising" drafted by China Banking Regulatory Commission is among them, which is particularly eye-catching. Yang Jiacai, Assistant to the Chairman of China Banking Regulatory Commission, Yang Jiacai's resume Yang Jiacai, male, born in Hubei in 1961, holds a postgraduate degree, holds a master's degree in economics, and is a senior economist. He is currently the assistant to the chairman and a member of the Party Committee of China Banking Regulatory Commission. 1980.09-1988.12 Cadre of Zhongxiang County Grain Bureau of Hubei Province, Chief of Finance Office and Government Office of the County Government 1988.12-1990.03 General Audit of Zhongxiang County Sub-branch of the People's Bank of China 1990.03-1997.06 Deputy Section Chief, Section Chief and Deputy Director of the Office of Hubei Branch of the People's Bank of China 1997.06-2001.04 Vice President of Wuhan Branch of the People's Bank of China, Deputy Director of the Operation and Management Department of Wuhan Branch of the People's Bank of ChinaOn May 23, 2017 (April 28, 2017 in the lunar calendar), Yang Jiacai, assistant to the chairman of China Banking Regulatory Commission, was suspected of serious violation of discipline. On May 23, 2017, Yang Jiacai, member of the Party Committee and assistant to the chairman of China Banking Regulatory Commission, was suspected of serious violation of discipline and is currently undergoing organizational review. Financial anti-corruption is getting worse and worse, and Yang Jiacai, the "first tiger" of the China Banking Regulatory Commission, appeared. More than a month after being reported to have lost contact, official website, the Central Commission for Discipline Inspection, disclosed on May 23, 2017 that Yang Jiacai, member of the Party Committee and assistant to the chairman of China Banking Regulatory Commission, was suspected of serious violation of discipline and is currently undergoing organizational review. As of press time, the reporter saw that Yang Jiacai had disappeared in the column of "CBRC Leadership" on the official website of CBRC. Yang Jiacai likes to give examples. For example, when it comes to illegal fund-raising, it is like a young girl falling in love with a liar. Love gives birth to hate, and it begins to give up. When it comes to the trust, it says it doesn't like "Empress Dowager Cixi"; It is said that journalists are like Chinese medicine, CBRC is like western medicine, and the relationship between journalists and supervision is the integration of Chinese and western medicine. "He can accurately name some journalists by name; Some journalists who go abroad to study or further study will ask him to write letters of recommendation," said a reporter who had contact with Yang Jiacai. The last appearance talked about strengthening supervision. In fact, the Beijing News reporter learned from a number of independent sources on April 14th that Yang Jiacai, assistant to the chairman of the China Banking Regulatory Commission, could not be contacted recently and was assisting in the investigation. Prior to this, Yang Jiacai's last public appearance was the news briefing held by the China Banking Regulatory Commission at 4pm on April 7th. The theme of this briefing was the briefing conference of the recent key work of the CBRC. Yang Jiacai, then member of the CBRC Party Committee, assistant to the chairman and director of the general office, Liu Fushou, director of the regulation department, and Wang Chaodi, inspector of the on-site inspection bureau, attended the meeting. "Thank you for your strong support for the CBRC's press conference, and I would like to express my gratitude to everyone. Next, I suggest preparing some drinks and snacks for everyone in a large release hall, or even catching up on sleep here in the morning and drinking some coffee in the afternoon." Yang Jiacai said. At 4 o'clock on the afternoon of April 7th, he walked into the release hall, and as soon as he sat down, he greeted the reporter with a smile. At this briefing, Yang Jiacai talked about the working status of the CBRC after the personnel adjustment of the CBRC, "working overtime every day". "The personnel adjustment of the CBRC, since Chairman Guo took office, the new team was only determined in March. The CBRC is working overtime every day. The year is in spring, and the recent key work of the CBRC is announced." Yang Jiacai said at the meeting that at this briefing, he was divided into five parts to summarize the recent regulatory actions of the CBRC and various policies to be formulated next: emphasizing service, preventing risks, strengthening coordination. When talking about risk, Yang Jiacai said metaphorically, "Just as love is the eternal theme of literary works, risk is also the eternal theme of banking supervision." Risk prevention is also the primary task of banking supervision, and the main goal should be to prevent the bottom line of systemic risk. On the day of the briefing, the China Banking Regulatory Commission issued "Increasing Supervision and Penalties", clearly stating that it will increase supervision and penalties this year. Dare to show the sword, dare to confront difficulties, dare to "uncover the lid" and "hit the board", insist on severe punishment and severe punishment, always maintain a high-pressure situation of rectifying financial chaos, and investigate and deal with a number of illegal cases. According to statistics, in the first quarter of 2017, the CBRC system imposed 485 administrative penalties, with a total fine amount of 190 million yuan; 197 responsible persons were punished, of which 19 were disqualified as senior executives and 11 were prohibited from engaging in banking work. In addition, at the briefing on that day, Yang Jiacai also talked about "controlling chaos". He said that in recent years, there have been many new products and new businesses in the financial market. Some people summarize irregular businesses, irregular behaviors and inappropriate products as chaos, which is actually a problem in the financial field. To this end, the China Banking Regulatory Commission has also formulated relevant documents to mobilize banking financial institutions across the country to focus on rectifying financial chaos. He introduced that through sorting out, the CBRC summed it up into ten aspects of chaos, each of which includes some minor items behind. Banks conduct self-examination and self-correction against this "problem map" or "problem menu", with full coverage of institutions, employees and businesses, and everyone has to sort it out. Yang Jiacai also said that it is beneficial to identify problems to make up for the shortcomings of supervision. Violation of regulatory rules shall be dealt with in accordance with regulation. The CBRC will seriously deal with illegal institutions and individuals through "three questions for one case", "three questions for one risk", "three questions for one loss" and "three accountability". At the same time, the China Banking Association has established two lists of punished persons-blacklist and grey list, which will prohibit "blacklist" personnel from entering the banking industry; Those who are handled lightly will be listed as the "grey list" of concern, and banking financial institutions will be warned to appoint them prudently at their own risk. At the end of the briefing, Yang Jiacai smiled to the reporters attending the meeting, "We are engaged in government supervision, and you are engaged in market supervision. It will be more effective to combine government supervision with market supervision". He said that just like traditional Chinese and western medicine, journalists are from the perspective of traditional Chinese medicine. From the overall performance, the CBRC is western medicine, and many indicators are used to judge the industry. It will be more effective for reporters to find problems or provide clues and combine them inside and outside the CBRC. "So, I have long regarded you as our supervisory alliance, but the establishment is limited." Yang Jiacai said, "Many of you have already entered financial institutions. If any of you think of financial institutions, we are very welcome, and I can help recommend them." It is suspected that the case of Yang Dongping of Bank of Communications was investigated. According to Caixin.com, Yang Jiacai was investigated as being brought out by the case of Yang Dongping, chief risk officer of Bank of Communications a few months ago, mainly involving a loan case of a housing enterprise in Wuhan, Hubei Province. It is reported that Er Yang has a job intersection in Hubei Province, and "the relationship is very good". In February this year, the website of the Supervision Department of the Central Commission for Discipline Inspection announced that Yang Dongping, a 60-year-old member of the Party Committee and chief risk officer of Bank of Communications, was expelled from the party and public office after being studied by the Standing Committee of the Central Commission for Discipline Inspection and reported to the Central Committee of the Communist Party of China for approval; Collect his disciplinary income. According to the above punishment news, after investigation, Yang Dongping, as a leading cadre of party members, wavered his ideals and beliefs, weak sense of discipline, violated political discipline and confronted organizational censorship; Violation of integrity discipline, use the influence of authority and position to help private business owners obtain loans, and I and my relatives seek personal gain from them. Subsequently, Bank of Communications also announced that Yang Dongping had submitted a report to the board of directors of the company on February 24th, 2017, and no longer served as the chief risk officer, effective from that day. According to Yang Dongping's public resume, Yang Dongping has worked in Bank of Communications for more than 27 years. Before being investigated, he served as the first chief risk officer of Bank of Communications. His position belonged to senior executives, mainly responsible for the overall management of market risk, credit risk and operational risk. Prior to this, Yang Dongping successively served as deputy general manager and general manager of Bank of Communications Hong Kong Branch. In September 2005, he also served as deputy manager of securities business department, deputy director and director of credit department, general manager of international business department, vice president and president of Bank of Communications Wuhan Branch. According to Caixin.com's report, Yang Dongping's experience in Wuhan is most likely inextricably linked with Yang Jiacai, assistant to the chairman of the China Banking Regulatory Commission. Yang Jiacai's resume shows that he had been working in Hubei before he became the director of Anhui Banking Regulatory Bureau in 2005. In September 2016, after 61-year-old Guo Ligen stepped down as vice chairman of China Banking Regulatory Commission, Yang Jiacai was one of the most popular candidates for vice chairman. According to the existing procedures, the promotion of middle management cadres must be subject to the opinions issued by the Central Commission for Discipline Inspection. According to informed sources, around the Spring Festival in 2017, relevant people went to Wuhan for verification, thus confirming the relevant evidence. Industry insiders say that Yang Jiacai "actively challenges difficult things." Yang Jiacai, born in 1961, was born in Hubei. Before 2005, he mainly worked in Hubei. He successively served as a cadre of the grain bureau, the finance office of the county government and the section chief of the government office in Zhongxiang County, Hubei Province. Since December 1988, he has joined Zhongxiang County Sub-branch of the People's Bank of China as the chief auditor. Since then, until 2003, he was a member of the preparatory team of Hubei Banking Regulatory Bureau. He worked in the People's Bank of China in Hubei Province for 15 years, and served as the chief auditor of Zhongxiang County Sub-branch of the People's Bank of China, deputy section chief, section chief and deputy office director of the Personnel Department of Hubei Branch of the People's Bank of China, deputy governor of Wuhan Branch of the People's Bank of China, deputy director of the operation and management department of Wuhan Branch, and member of the Party Committee; 2001.04-2003.07 Vice President and Party Committee Member of Wuhan Branch of People's Bank of China. In 2003, he moved from the central bank system to the China Banking Regulatory Commission, participated in the preparation of the Hubei Banking Regulatory Bureau, and served as the deputy director of the Hubei Banking Regulatory Bureau. In 2005, 44-year-old Yang Jiacai left Hubei Province, where he had worked for many years, and went to Anhui to serve as the director and party secretary of the Banking Regulatory Bureau. In 2005, he integrated six city commercial banks and seven city credit cooperatives in Anhui into "Huishang Bank". After the establishment of Huishang Bank, various businesses have developed by leaps and bounds, and the original business risks of city commercial banks and city credit cooperatives have also been resolved. As the founder of Huishang Bank, Yang Jiacai was named the 2005 National City Commercial Bank Person of the Year. A year and a half later, in January 2007, Yang Jiacai went to Beijing as the director of the Supervision Department of the China Banking Regulatory Commission, in charge of the supervision businesses of the four major banks. Until September 2012, he served as the director of the general office of China Banking Regulatory Commission. Less than a year later, in May 2013, "Yang Jiacai was promoted to assistant to the chairman". On June 4, 2013, the name of Vice Chairman Cai Esheng has been removed from the leadership column on the homepage of CBRC official website, and the new vice chairman and assistant to the chairman are Yan Qingmin and Yang Jiacai respectively. According to the official resume information, Yan Qingmin and Yang Jiacai both started to take up their new posts in May 2013. Yang Jiacai serves as assistant to the chairman, member of the Party Committee and director of the general office of the China Banking Regulatory Commission. I have been in Beijing for 10 years. When he served in the China Banking Regulatory Commission, he made important work instructions on behalf of the China Banking Regulatory Commission at many press conferences related to banking reform, development and supervision. During his work in the China Banking Regulatory Commission, he was in charge of trust and asset management companies, and participated in many annual meetings of the trust industry over the years. At the 2014 Trust Industry Annual Meeting, Yang Jiacai encouraged trust companies to go public to increase capital and introduce foreign capital. He once said at the 2016 annual meeting of the trust industry that trust companies don't like "Empress Dowager Cixi" and people who listen to politics behind the curtain. "We hope that the shareholders of trust companies will stand at the front desk, exercise their power independently according to your equity, and don't listen to politics. The same is true for trust companies to be investors in other enterprises. They should stand up generously, and so-and-so trust subsidiaries and so-and-so trust projects should be shown directly." Yang Jiacai said. According to media reports, the famous "Yang Eight Articles" was published by Yang in his speech at the annual meeting of the trust industry on December 19th, 2014. Its core lies in clarifying the responsibilities of the trust industry: "If some responsibility boundaries are clearly drawn, the role orientation and internal management of the trust will be understood, and the society will recognize and trust the trust." In the research field, Yang Jiacai also has many works, such as: General Theory of Banking Supervision, Financing Ways for SMEs, New Theory of Credit Management, etc. Some insiders told the Beijing News that Yang Jiacai started at the grass-roots level, was smart and capable, and had first-class responsiveness. He was a technical school of contemporary financial officials, and had Chinese wisdom in both language and regulatory art. A number of supervisors familiar with Yang Jiacai said that it was a pity that Yang Jiacai was investigated. Yang Jiacai is an official who does practical things, and he is also very responsible and willing to take the initiative to challenge difficult things. Zeng "praised" Guo Shuqing in a fancy way. As Yang Jiacai revealed at the briefing on April 7th, "Since Chairman Guo took office, the new team was only confirmed in March, and the CBRC was working overtime every day." He and Guo Shuqing, chairman of the CBRC, were investigated only for one month. On March 2nd, Guo Shuqing, the new chairman of China Banking Regulatory Commission, led four senior executives of China Banking Regulatory Commission, including Yang Jiacai, to attend the press conference of the Information Office of the State Council. At this meeting, Yang Jiacai "praised" Guo Shuqing in a fancy way. When answering questions about illegal fund-raising, Yang Jiacai fully affirmed Guo Shuqing's financial work in Shandong Province. "At present, local governments take overall responsibility for handling illegal fund-raising, usually in local financial offices. When Chairman Guo was in Shandong, he was called the Supervision Bureau and had a full-time financial deputy mayor, so illegal fund-raising in Shandong is relatively better than other places." Later, Guo Shuqing, the new chairman of China Banking Regulatory Commission, interjected, "You didn't praise me when I was not the chairman." Yang Jiacai said, "I suffered from no chance." Yang Jiacai's humorous and vivid expression of "strength circle powder" at the press conference on the same day, many netizens said when watching the live broadcast of the press conference on the same day that they were "overwhelmed by the speech of Yang Jiacai's assistant to the president." He compared illegal fund-raising to the process of "hate from love, chaos from beginning to abandoning". In his view, illegal fund-raising was a community of interests in the early stage, so few people reported it. The reason is that they were a community of interests in the early stage. "It's like a young girl falling in love with an unexposed swindler. If parents intervene at this time, it will be regarded as beating mandarin ducks with a stick. However, once she missteps and the scam is uncovered, she regrets it. Therefore, illegal fund-raising has such a process of love and hate." Yang Jiacai said. How can we reveal the cheater's behavior in the stage of love? Yang Jiacai revealed that at present, the China Banking Regulatory Commission is formulating an administrative regulation, that is, the Regulations on Disposal of Illegal Fund-raising. This was drafted by the member units of the joint meeting, and the opinions of various provincial people's governments and departments have been solicited. It was submitted to the Legislative Affairs Office in July last year, and it is currently in the process of revision, and will actively promote its introduction as soon as possible. On May 15th, the General Office of China Banking Regulatory Commission announced the 2017 legislative work plan, saying that 46 legislative projects will be completed this year. Among them, the administrative regulation "Regulations on Disposal of Illegal Fund-raising" drafted by China Banking Regulatory Commission is among them, which is particularly eye-catching. Yang Jiacai, Assistant to the Chairman of China Banking Regulatory Commission, Yang Jiacai's resume Yang Jiacai, male, born in Hubei in 1961, holds a postgraduate degree, holds a master's degree in economics, and is a senior economist. He is currently the assistant to the chairman and a member of the Party Committee of China Banking Regulatory Commission. 1980.09-1988.12 Cadre of Zhongxiang County Grain Bureau of Hubei Province, Chief of Finance Office and Government Office of the County Government 1988.12-1990.03 General Audit of Zhongxiang County Sub-branch of the People's Bank of China 1990.03-1997.06 Deputy Section Chief, Section Chief and Deputy Director of the Office of Hubei Branch of the People's Bank of China 1997.06-2001.04 Vice President of Wuhan Branch of the People's Bank of China, Deputy Director of the Operation and Management Department of Wuhan Branch of the People's Bank of China