Hou Shaoze, former president of Guokai Securities, was accused of accepting more than 30.78 million yuan in bribes in the first trial.

Hou Shaoze, former president of Guokai Securities, was accused of accepting more than 30.78 million yuan in bribes at first trial. The Binzhou Intermediate people's Court held a public hearing on the bribery case of Hou Shaoze, former president of Guokai Securities. Binzhou people's Procuratorate accused: from August 2000 to January 2016, the defendant Hou Shaoze served as assistant mayor and vice mayor of Weihai Municipal Government, secretary of the working committee and director of the Management Committee of Weihai Torch High-tech Industrial Development Zone, deputy director of the International Finance Bureau of China Development Bank, deputy secretary of the party committee, vice president and president of Guokai Securities Co., Ltd. To seek benefits for others in applying for support funds, coordinating the issuance of loans, and accepting property sent by others totaling more than 30.78 million yuan, they should be investigated for criminal responsibility for the crime of accepting bribes in accordance with the law.