"Depend on finance to eat finance" Li Xiaopeng, former chairman of Everbright Group, was "double opened"

25 December 2023 ❤ 0

Depend on finance to eat finance” Li Xiaopeng, former chairman of Everbright Group, was “double opened”

Li Xiaopeng, the former chairman of Everbright Group, has been “double opened” recently. He was investigated by the Central Commission for Discipline Inspection and the State Administration of Market Supervision and Administration for suspected violations of laws and regulations. This incident has aroused heated discussion in the society.

Li Xiaopeng is a typical representative of “depend on finance to eat finance”. He used his position as chairman of Everbright Group to control many financial institutions such as Everbright Bank and Everbright Securities. He also used his power to transfer funds from these financial institutions to other companies under his control, thus forming a closed loop of funds within the group.

The practice of “depend on finance to eat finance” is not only illegal but also seriously damages the interests of investors and creditors. It not only violates the principle of fairness in market competition, but also seriously affects the healthy development of Chinas financial industry. In recent years, Chinas financial supervision authorities have strengthened their supervision over this kind of behavior, and have severely punished those who violate laws and regulations.

The investigation into Li Xiaopeng is an important measure taken by Chinas financial supervision authorities to crack down on illegal activities such as “depend on finance to eat finance”. It is hoped that this incident will serve as a warning to those who are engaged in similar activities, so that they can learn from it and stay away from illegal activities in future. At the same time, it is hoped that this incident will further strengthen Chinas financial supervision system and promote the healthy development of Chinas financial industry.





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