Qin Jianbin, former chairman of Zhongyuan Yu Capital Investment Holding Group Co., Ltd., has been expelled from the party and dismissed from public office.

After investigation, Qin Jianbin disregarded the spirit of the Eight-point Regulations of the Central Committee, accepting gifts, cash, and consumption cards that may affect the fair execution of official duties; violated organizational principles by using his power to seek personnel benefits for others; failed to maintain integrity by irregularly reimbursing reception expenses; failed to properly fulfill his duties and caused a negative impact; crossed the line of discipline and law by engaging in power-for-money transactions, using his position to seek benefits for others in project contracting and job adjustments, illegally accepting large amounts of money; embezzled a huge amount of public funds for personal use; abused power, resulting in significant losses of state-owned funds.