Oct 28, 2011
Translated by Song Chunling
According to the Economic Information Daily, eight financial institutions and one important domestic research institute have been embroiled in the cases of two government officials who were recently sentenced to lengthy jail terms for leaking sensitive macroeconomic data, some of which are officially classified as national secrets.
Sun Zhen(孙振), a former high-level official in the National Bureau of Statistics (NBS) was sentenced to a 5-year prison term earlier this month on charges of leaking 27 pieces of information to 3 people working in financial institutions. Sun was found guilty of leaking the data between June 2009 and January 2011, and 13 of the 27 items that he leaked were, prior to their official release date, officially classified as confidential state secrets. The economic data that Sun shared with others inlcuded industrial value-added data along with GDP, CPI and PPI figures.
Wu Chaoming (伍超明), a former official with China's central bank, was sentenced to 6 years in prison for leaking 25 items of data to 15 people working in the stock market industry. Wu is said to have illegally shared 224 pieces of information from Jan 2010.
According to the newspaper, Huatai United Securities (华泰联合证券), Orient Securities (东方证券), China Securities (中信建投证券), Fortune Securities (财富证券), Founder Securities (方正证券), a certain unnamed Department within the Industrial and Construction Bank of China (工行某部门), Sun-Life Everbright-Life Insurance (光大永明保险) and Jin Mailong Asset Management Company (金麦龙资产管理公司) are the companies that are caught up in the scandal. The report also revealed that Wu Zhiwen (伍志文), the general manager of Jin Mailong Asset Management Company, had already been charged with illegally obtaining state secrets.
At a press conference held by the press office of the State Council on Oct 24, Li Zhongcheng (李忠诚), an official from the Supreme People's Court, announced that six cases against six people had already been launched.
Links and Sources
Caijing: 八家金融机构卷入宏观经济数据泄密案
