Zhang Wen, former chairman of BOCOM International Trust Co., Ltd., was expelled from the Party and dismissed from public office.

The website of the Central Commission for Discipline Inspection and the National Supervisory Commission reported on November 5 that, according to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at Bank of Communications and the Shanghai Municipal 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 Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at Bank of Communications and the Shanghai Municipal Supervisory Commission conducted a case review and investigation into serious violations of discipline and law by Zhang Wen, former Party secretary and chairman of BOCOM International Trust Co., Ltd. Upon investigation, it was found that Zhang Wen, as a leading Party cadre, lost his ideals and beliefs, betrayed his original aspiration and mission, violated discipline while enforcing it, and broke the law while knowing it. He violated the spirit of the Central Eight-Point Regulation by accepting gifts and cash gifts in violation of regulations, accepting banquets in violation of regulations, and having expenses that should have been paid by himself paid by others; violated organizational discipline by failing to report personal matters as required, failing to truthfully explain issues during organizational inquiries, and using his authority or the influence of his position to seek improper personnel benefits for others in employee recruitment and position adjustments and accepting property; violated integrity discipline by accepting cash gifts and consumption cards that may affect the fair execution of official duties, borrowing large sums of money from management and service targets, and illegally holding shares in non-listed companies; violated work discipline by improperly intervening in discipline inspection and supervision activities; violated life discipline; and used the convenience of his position and the convenience formed by his authority and status to provide assistance to others in matters such as loan approval, recruitment, and position transfers, and illegally accepted huge amounts of property. Zhang Wen seriously violated the Party's organizational discipline, integrity discipline, work discipline, and life discipline, constituted serious duty-related illegality and is suspected of the crime of bribery, and did not restrain himself or stop after the 19th National Congress of the Communist Party of China and even after the 20th National Congress. The nature is serious and the impact is bad, and he should be dealt with seriously. In accordance with relevant provisions such as the Regulations on Disciplinary Action of the Communist Party of China, the Supervision Law of the People's Republic of China, and the Law of the People's Republic of China on Administrative Sanctions against Public Officials, after study by the Party Committee of Bank of Communications, it was decided to impose on Zhang Wen the sanction of expulsion from the Party; after study by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at Bank of Communications, it was decided to impose on him the sanction of expulsion from public office; his illicit gains from violations of discipline and law shall be confiscated; the issue of his suspected crime was transferred by the Shanghai Municipal Supervisory Commission to the procuratorial organ for review and prosecution in accordance with law, and the property involved was transferred together with it.