Situation Among the cases of leading cadres violating disciplines and laws reported on the website of the Central Commission for Discipline Inspection and the National Supervisory Commission, there are many cases involving the purchase and sale of stocks in violation of relevant regulations.

Yao Gang, former member of the Party Leadership Group and Vice Chairman of the China Securities Regulatory Commission, was expelled from the Party and public office for serious disciplinary violations.

The report stated that as a senior leading cadre of the party, Yao Gang has lost his ideals and beliefs, has a weak sense of purpose, and is indifferent to political rules, which has destroyed the order of the capital market and the political ecology of the securities regulatory authorities.

After trial, the court held that Yao Gang, as an insider of the relevant stock insider information, bought the stock before the inside information was made public and later sold it for illegal profit.

The circumstances are particularly serious and his behavior constitutes the crime of insider trading.

Lin Kang, a former member of the Party Leadership Group and Deputy Mayor of Lishui City, Zhejiang Province, concealed matters such as holding a huge amount of stocks in the name of others, and did not truthfully explain the problem to the organization in interviews and interviews; he was addicted to stocks and borrowed huge sums of money from management and customers, and had been engaging in illegal activities for a long time

He engaged in profit-making activities and became the deputy mayor trapped in stocks.

He was expelled from the party and public office for serious violations of discipline and law.

Analysis and Enlightenment With the development of China's market economy, buying and selling stocks has become a common investment method.

At the same time, the securities market is an important part of China's socialist market economic system.

Party and government agency staff investing their legal property in the securities market in a legal manner is a support for national construction.

The buying and selling of stocks by party and government officials has also gone through a process from complete prohibition to gradual relaxation.

Party members may engage in legitimate securities trading activities, but must not violate relevant regulations.

103010 Article 94 stipulates: “Whoever engages in for-profit activities in violation of relevant regulations and commits one of the following acts, if the circumstances are minor, shall be given a warning or a serious warning; if the circumstances are serious, he shall be given the sanction of removal from party positions or probation;

If the circumstances are serious, the punishment shall be expulsion from the Party." Paragraph 3 lists "trading stocks or making other securities investments."

In order to regulate the personal securities investment behavior of party and government officials, the Party Central Committee and the State Council issued the "Regulations on Disciplinary Punishments of the Communist Party of China", which draws a red line and provides fundamental compliance for the securities investment behavior of party members and cadres.

Article 3 of 103010 stipulates that “it is strictly prohibited to use inside information to directly or indirectly buy and sell stocks and securities investment funds, or to provide others with suggestions for buying and selling stocks and securities investment funds.”

At the same time, four categories of people who are not allowed to trade in stocks are clearly listed, including "staff members of the State Council's securities regulatory agency and its dispatched offices, stock exchanges, and futures exchanges, as well as their parents, spouses, children, and their spouses, who are not allowed to buy or sell stocks."

In the above case, Yao Gang, former member of the Party Committee and Vice Chairman of the China Securities Regulatory Commission, took advantage of his special status of knowing insider information about stocks to buy stocks before the inside information was made public, and then sold them to make illegal profits.

His behavior violated the "Several Provisions on the Personal Securities Investment Behavior of Party and Government Organ Staff" and constituted the crime of insider trading.

Lin Kang, former member of the Party Leadership Group of Lishui City Government and deputy mayor, violated Article 3 of the Regulations, which prohibits "trading the stocks of listed companies within the scope of his direct business jurisdiction", "borrowing the public funds of his own unit, or the funds of management and service objects"

, or use the funds of subordinate units and individuals within the scope of management, or borrow funds from other units and individuals related to the exercise of powers to purchase stocks and securities investment funds."

In addition, according to the "Several Provisions on the Personal Securities Investment Behavior of Party and Government Organ Staff", leading cadres must truthfully report the investment or other holding of stocks, funds, and investment insurance by themselves, their spouses, and their children living with them.

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Lin Kang concealed his personal shareholdings and failed to report truthfully to the organization, which violated the party's policy. "There are two ways to make a fortune as an official. Don't get rich as an official, and don't get rich as an official." In this case, leading cadres who want to be

Officials get rich, but they cannot withstand the temptation of money with high returns. They pursue money excessively and are finally trapped by greed.

The essence of illegal stock buying and selling by leading cadres is to use power as capital to participate in commodity exchange and market competition, and to seek money and material benefits from it.

In addition, the lack of effective supervision of the exercise of power by leading cadres can easily lead to corrupt behaviors such as power rent-seeking and power-for-money transactions.

Among them, unqualified political quality is the primary factor.

"Loyalty to the party is the primary political quality of Communists."

In the above situation, concealing and failing to report the purchase and sale of stocks and failing to truthfully explain the problems to the organization are also manifestations of disloyalty and dishonesty to the party, duplicity, and double-dealing.

Party members' illegal stock trading not only damages their political integrity, seriously tarnishes their image, and erodes the purity of the party's body, but also seriously disrupts the normal order of the capital market and undermines fair competition in the socialist market economy.

Once government and businessmen collude to form a "black interest community", it will cause heavy losses to public property, the interests of the country and the people, and will also bring serious harm to financial security, economic security and even national security.

It is necessary to control the corruption of illegal stock buying and selling by party members and cadres from the source, strengthen the ideological education and guidance of party members and cadres, and at the same time strengthen legal discipline and institutional constraints to build a safe and effective "firewall" for party members and cadres to make correct investment and financial management.

The first is to build a solid ideological defense line.

Party members must strengthen their ideals and beliefs, maintain their original aspirations and intentions, and always be loyal to the party.

Firmly establish a correct world outlook, outlook on life, values, power, and money.

"Those who have received money only eat the money and do not compete with the people." Status determines responsibility.

Party members and cadres should not use the power given by the people to grab money, but should truly use their power to benefit the people.