Yu Xiaoping, former member of the Party Committee and Vice President of PICC, was expelled from the Party for serious violations of discipline and law.

According to the website of the Central Commission for Discipline Inspection and the National Supervisory Commission, with the approval of the Central Committee of the Communist Party of China, the Central Commission for Discipline Inspection and the National Supervisory Commission launched a case review and investigation into Yu Xiaoping, former member of the Party Committee and Vice President of the People's Insurance Company of China, for serious violations of discipline and law.

After investigation, Yu Xiaoping lost his ideals and beliefs, abandoned his original intention and mission, and resisted organizational review; he violated organizational principles and illegally sought benefits for others during employee recruitment; he lost integrity, accepted gifts illegally, and took advantage of his position to seek benefits for relatives and friends; he improperly performed his duties, causing serious consequences. Heavy consequences; using public power as a tool for personal gain, taking advantage of the position to benefit others in terms of waiving loan conditions, accelerating loan approval, etc., and illegally accepting huge amounts of property, and still using the influence of the original position to collect money after leaving office; abusing power, causing particularly heavy losses to national interests.

Yu Xiaoping seriously violated the party's political discipline, organizational discipline, integrity discipline and work discipline, which constituted a serious job violation and was suspected of accepting bribes, using influence to accept bribes, and state-owned company personnel abusing their powers. He did not restrain himself or stop after the 18th National Congress of the Communist Party of China. This is serious in nature and has a bad impact, and should be severely dealt with. In accordance with the "Disciplinary Punishment Regulations of the Communist Party of China", the Supervision Law of the People's Republic of China, the Government Punishment Law for Public Servants and other relevant provisions, after the meeting of the Standing Committee of the Central Commission for Discipline Inspection studied and submitted to the Central Committee of the Communist Party of China for approval, it was decided to expel Yu Xiaoping from the party; cancel his benefits in accordance with regulations; confiscate his illegal gains; transfer his suspected crimes to the procuratorate for review and prosecution in accordance with the law, and transfer the property involved.