The Nanshan Branch of the Shenzhen Municipal Public Security Bureau recently reported that criminal coercive measures were taken against a number of suspected criminals including Du Liang of Evergrande Wealth.
The main people arrested this time were the management at or above the head of the business group of Evergrande Wealth Company.
Previously, Pan Darong, the former executive director and chief financial officer of Evergrande Group, and Xia Haijun, the former vice chairman of the board of directors of Evergrande, were also taken away for investigation.
Zhu Jialin, the former chairman of Evergrande Life Insurance and the current acting chairman of Zhongrong Life Insurance, was also taken away for investigation on September 17.
The time when Zhu Jialin joined Evergrande Group was in the period of expansion of Evergrande's financial assets, and he had close ties with China CITIC Bank and Zhongrong Life Insurance. Other Evergrande executive-level figures were also taken away for investigation.
The removal of these executives for investigation indicates that the relevant departments are conducting an in-depth investigation into the violations of laws and regulations in the past fund operation within the Evergrande department.
It is worth noting that the resumes of these figures have a distinct "revolving door of politics and business".
Zhu Jialin's "rotation" to Xu Jiayin's tenure is in a period of rapid expansion of Evergrande's financial assets, and various clues show that whether it is in CITIC or Zhongrong Life, Zhu Jialin's company has a close relationship with Evergrande.
The phenomenon of the "revolving door" of politics and business has become the focus of social attention. This phenomenon exists not only in China, but also in Western countries.
Entering a company after retirement or resignation is called the "revolving door phenomenon" by Western public administration ethics experts.
This phenomenon is not conducive to the vitality of the market and is prone to breed profit monopoly and corruption.
In China, especially after the promulgation of the "Eight Regulations" at the end of 2012 and the "Opinions on Further Regulating the Part-time (Positional) Issues of Party and Government Leading Cadres in Enterprises" promulgated by the Organization Department of the CPC Central Committee in October 2013, the revolving door with Chinese characteristics has been curbed to a certain extent.
In addition to Zhu Jialin, this year is not the first executive-level "revolving person" of Evergrande Group to be investigated.
The investigation of these "spinning people" is not only a warning to them personally, but also makes us pay more attention to the entanglement of interests behind the relationship between politics and business.
The problem of the "revolving door" of politics and business is prominent, and it is necessary to strictly investigate key problems, resolutely investigate and deal with corruption that is intertwined with political and economic problems, and strengthen the punishment of "political leaders" and political brokers.
In addition, it is also necessary to strengthen the governance of new types of corruption and hidden corruption, and effectively prevent and resolve corruption risks and related economic and social risks.
In this process, it is necessary to seriously investigate and deal with the problems of leading cadres' spouses, children, their spouses, and other relatives and staff members using their influence for personal gain, strengthen daily education, management, and supervision, and enhance the effectiveness of supervision over the "number one" and leading groups.
The relationship between government and business cannot be ignored. **The relationship with enterprises needs to be more transparent and fair.
We expect that the cooperation between government and business is for the common good of society, not for the sake of personal gain.
It is hoped that more powerful measures can be taken in the supervision and governance of government-business relations, so that the cooperation between enterprises and enterprises will be more transparent and provide a better environment for the healthy development of the social economy.
The above is an in-depth analysis of the phenomenon of the "revolving door" of politics and business, and it is hoped that the relevant departments can crack down on this undesirable phenomenon, make the relationship between government and business clearer, and provide a guarantee for the healthy operation of social development.