The Central Commission for Discipline Inspection discusses Yao Qian's use of virtual currency for power and money transactions, emphasizing the importance of technology regulation in the financial sector

Foresight News reported that the website of the Central Commission for Discipline Inspection and the National Supervisory Commission of China recently published a headline article titled "Preventing and Controlling Integrity Risks in Financial Information System Construction". The article points out that in recent years, the importance of technology regulation in the financial field has become increasingly prominent. The high professional technical barriers have brought about problems such as "difficult management, difficult supervision, and questioning", which have made the integrity risks in the construction of financial information systems increasingly prominent. The Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at the China Securities Regulatory Commission is seriously investigating and punishing the corruption issues of Yao Qian, former director of the Science and Technology Supervision Department and former director of the Information Center of the China Securities Regulatory Commission. At the same time, it is carrying out systematic rectification from point to area, continuously strengthening the strict atmosphere, and focusing on preventing and controlling integrity risks. Yao Qian took advantage of his position to accept huge bribes from multiple companies and provided assistance to others in information system procurement, involving project contracting, project promotion, fund disbursement, engineering acceptance, and other matters. His case further confirms the high professional and technical barriers in the field of information system construction that we have noticed in our daily supervision, as well as the high risk of corruption in procurement and other links. "The relevant responsible comrade of the Discipline Inspection and Supervision Group stationed in the China Securities Regulatory Commission introduced that in response to the problems exposed in the case, the Discipline Inspection and Supervision Group proposed supervision opinions to the Party Committee of the China Securities Regulatory Commission, urging high vigilance against corruption risks in information system procurement and strengthening the construction and implementation of relevant systems.