Odaily Planet Daily News According to the news from the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at the China Securities Regulatory Commission, and the Guangdong Provincial Commission for Discipline Inspection and Supervision: Recently, with the approval of the Central Commission for Discipline Inspection and the National Supervisory Commission, the discipline inspection and supervision team stationed at the China Securities Regulatory Commission and the Shantou Municipal Supervisory Commission of Guangdong Province conducted a disciplinary review and supervisory investigation into the serious disciplinary violations and illegal issues of Yao Qian, the former director of the Technology Supervision Department of the China Securities Regulatory Commission and the former director of the Information Center. After investigation, it was found that Yao Qian abandoned his original mission, did not discuss politics, sought empty fame, posed as a financial technology expert, and spared no effort in supporting specific technology service providers for his own personal gain, willingly becoming the 'key cultivation object' of the hunters. He abused regulatory powers such as policy recommendation rights, formulation rights, and execution rights, neglected his responsibilities in technology supervision, sought improper benefits for others in the expansion of business by information technology system service agencies, and in software and hardware procurement, and engaged in power-for-money transactions using virtual currencies. He engaged in superstitious activities; ignored the spirit of the eight central regulations, received valuable items such as Moutai liquor and accepted banquets in violation of regulations; violated organizational principles by seeking benefits for others in employee recruitment; violated integrity discipline by having others pay for expenses that should be borne personally, illegally borrowed large sums of money from regulatory objects, and made illegal investments in enterprises. He illegally accepted property, with particularly huge amounts involved. After research by the Party Committee of the China Securities Regulatory Commission, it was decided to expel Yao Qian from the Party; after research by the discipline inspection and supervision team stationed at the China Securities Regulatory Commission, it was decided to expel Yao Qian from public office; confiscate his illegal income; and after research by the Shantou Municipal Supervisory Commission of Guangdong Province, it was decided to transfer Yao Qian's suspected criminal issues to the prosecutorial organs for legal review and prosecution, along with the involved property.