PANews reported on February 17 that the website of the Central Commission for Discipline Inspection and the National Supervisory Commission of China recently published an article pointing out that the integrity risks in the construction of financial information systems are becoming increasingly prominent, especially the problems of "difficult management, supervision and accountability" caused by high professional and technical barriers. When investigating the corruption case of Yao Qian, the former director of the Science and Technology Supervision Department of the China Securities Regulatory Commission, the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the China Securities Regulatory Commission found that he used virtual currency to trade power for money, which was highly concealed and difficult to obtain evidence. Yao Qian took advantage of his position to accept huge bribes and provided assistance to others in the procurement of information systems, involving project contracting and fund allocation.

In response to the problems exposed by the case, the Discipline Inspection and Supervision Group put forward supervisory opinions to the Party Committee of the China Securities Regulatory Commission, urging them to strengthen the prevention and control of corruption risks in information system procurement and strengthen system construction and implementation. At the same time, it emphasized the need to strengthen the education, management and supervision of professional and technical cadres, especially the "top leaders", correct the erroneous idea of some cadres that their corruption risks are small, and enhance their political awareness and awareness of discipline and rules.

In November last year, Yao Qian was investigated by the Central Commission for Discipline Inspection and the National Supervisory Commission’s Discipline Inspection and Supervision Group stationed in the China Securities Regulatory Commission and the Shanwei City Supervisory Commission of Guangdong Province for serious violations of discipline and law. This case further highlights the importance of integrity risk prevention and control in the field of financial technology supervision.