[The Epoch Times, April 21, 2022](Comprehensive report by Dongfang Hao, a reporter from the Epoch Times Special Department) On April 18,China Merchants BankGovernorTian HuiyuSudden dismissal.Tian Huiyu has been in theConstruction Bank(CCB) and served as vice president and president of CCB at that timeWang Qishansecretary.Tian HuiyuformerCCBPresident of Shenzhen Branch. Recently, Wang Ye, president of CCB Shenzhen Branch, and Zhang Xueqing, vice president, have been sacked. After the inspection by the central inspection team at the end of 2021, the personnel of CCB’s senior management have undergone intensive changes, and many senior executives have been investigated.
China Merchants BankOn April 18, A-shares opened with a rare 8% drop. As of the close of the day, China Merchants Bank closed at 43.39 yuan per share (about 6.76 US dollars per share), a decline of 7.35%, and the market value evaporated 86.756 billion yuan (about 13.55 billion US dollars) in one day. .
Early in the morning, news from the financial industry said that China Merchants Bank’s stock market plunge was due to a rumor that executives were investigated. In the early trading of the same day, there were rumors in the market that “China Merchants Bank President Tian Huiyu was investigated.”
Lu Media Yinshi Finance asked China Merchants Bank about the rumor that Tian Huiyu was under investigation. The spokesperson of China Merchants Bank replied: “We don’t have the information on your question at the moment, so we can’t answer it.”
On the evening of April 18, China Merchants Bank announced that a remote video meeting of the board of directors was held at 3 pm on the same day. Chairman Miao Jianmin presided over the meeting, and 15 directors attended. Only Tian Huiyu did not attend due to personal reasons. The board of directors thanked Tian Huiyu for his contribution to the bank, and announced his dismissal and other appointments, which were unanimously voted.
According to a report by the Financial Associated Press, Tian Huiyu, who was removed from the positions of president and director of China Merchants Bank, will be appointed as deputy director (executive) of China Merchants Financial Business Group/Platform Executive Committee, and vice chairman of China Merchants Financial Group Co., Ltd. (Group Assistant General Manager). Tian Huiyu had previously held an internal rank in China Merchants Group, that is, the rank of assistant general manager of the group.
However, the news has not been officially confirmed by China Merchants Bank.
Tian Huiyu’s most recent public appearance was at a video conference on March 21 this year. China Merchants Bank held its 2021 annual results conference on the same day. Tian Huiyu delivered a speech via video connection.
As the third president of China Merchants Bank, Tian Huiyu failed to retire as the previous two presidents did. According to China Merchants Bank’s 2021 financial report, Tian Huiyu’s term will last until June this year, and it was less than three months before he officially resigned.
Tian HuiyuWang Qishansecretary
Tian Huiyu, born on December 20, 1965, is a native of Jinzhai, Anhui Province. After graduating from Shanghai University of Finance and Economics in 1987, majoring in infrastructure finance and credit, he entered the Chinese People’s Republic of China.Construction Bank(Predecessor of China Construction Bank) Head Office. According to the bank’s policy of “college students go to the grassroots level for exercise” at that time, Tian Huiyu’s banking career started from a grassroots branch of CCB in Anhui. After returning to the head office, Tian Huiyu became the secretary to Wang Qishan, then vice president of the People’s Construction Bank of China. Wang Qishan served as the vice president of the People’s Construction Bank of China from 1989 to 1993. After a brief transfer to the central bank, he served as the president of the bank from 1994 to 1997.
Wang Qishan was a member of the Standing Committee of the Political Bureau of the Communist Party of China and secretary of the Central Commission for Discipline Inspection of the Communist Party of China. In recent years, many subordinates who are close to Wang Qishan have had accidents, which has sparked speculation about the discord between Xi and Wang. In January 2022, Dong Hong, the former deputy head of the inspection team of the Central Committee of the Communist Party of China who had followed Wang Qishan for many years, was accused of taking bribes of 2 billion and was given a suspended death sentence. Another former member of Wang Qishan’s former ministry, Jiang Chaoliang, the former secretary of the Hubei Provincial Party Committee, was dismissed due to the Wuhan epidemic, but he was not dismissed as a member of the Central Committee. In addition, Ren Zhiqiang, a real estate developer with close ties to Wang Qishan, has been sentenced to 18 years.
The third high-rise of CCB Shenzhen Branch has been closed down
It is worth noting that Tian Huiyu was in charge of the Shenzhen branch of China Construction Bank from 2007 to 2011. Recently, it is an eventful time.
On the evening of April 12, the website of the State Supervision Commission of the Central Commission for Discipline Inspection announced that Wang Ye, the former president of CCB Shenzhen Branch, is currently undergoing a disciplinary review by the State Supervision Commission of the Central Commission for Discipline Inspection in China Construction Bank and the supervision and investigation of the Qingdao Municipal Supervision Commission in Shandong Province. Wang Ye has been in this position since 2014.
On the evening of April 15, the website of the Central Commission for Discipline Inspection and State Supervision Commission announced that Zhang Xueqing, deputy secretary of the Party Committee and vice president of CCB Shenzhen Branch, was also investigated.
Caixin learned from multiple sources that Wang Ye and Zhang Xueqing were taken away together at the debriefing meeting on the same day. “A total of 3 people were taken away that day,” said a person familiar with the matter.
According to Caixin reports, Han Fenglin, the former secretary of the CCB Shenzhen branch of the Disciplinary Committee, was also taken away for investigation recently.
According to public information, Zhang Xueqing served as the secretary of the Jilin Provincial Department of Finance Office from July 1986 to February 1989, and served as the president of the Futian Sub-branch of CCB Shenzhen Branch from March 1989 to November 2001. Vice President of Shenzhen Branch, worked with Tian Huiyu (September 2007 to March 2011), Wang Ye (December 2014 to March 2022) and many other Presidents of CCB Shenzhen Branch.
On May 18, 2021, CCB Shenzhen Branch was fined 1.3 million yuan by Shenzhen Banking and Insurance Regulatory Bureau for failing to perform the “three checks” on personal consumption loans, and the credit funds were misappropriated; (about $200,000). On February 15 this year, CCB Shenzhen Branch was fined 1.7 million yuan (about 270,000 U.S. dollars) by Shenzhen Banking and Insurance Regulatory Bureau for failing to perform its duties in the “three inspections” of loans, misappropriation of loan funds, and failure to conduct loan investigation and review; On March 24, the bank was fined 900,000 yuan (about 140,000 U.S. dollars) by the Shenzhen Banking and Insurance Regulatory Bureau due to defects in its product system and lack of due diligence in the “three inspections” of loans. From this, it can also be seen that the main reason for the bank’s punishment is the problem of loan business.
The president of CCB changes frequently
China Everbright Group Co., Ltd. (Everbright Group) announced on the official Weibo that on the morning of March 4, 2022, Everbright Group held a cadre meeting, announcing that CCB President Wang Jiang was reassigned as Secretary of the Party Committee of Everbright Group, and Li Xiaopeng was removed from the position of Secretary of the Party Committee of Everbright Group. As usual, Wang Jiang will serve as the chairman of Everbright Group in the future.
According to public information, Wang Jiang started to work in CCB in 1999, and successively served as the deputy director of the Credit Risk Management Department of CCB Shandong Branch, the president of CCB Shandong Dezhou Branch, the vice president of CCB Shandong Branch, and the Hubei Branch. President and President of Shanghai Branch.
From August 2015 to July 2017, Wang Jiang served as the deputy governor of Bank of Communications; in the following two years, he briefly engaged in politics and served as the deputy governor of Jiangsu Province. In December 2019, Wang Jiang returned to the banking system as the President of Bank of China. In March of that year, he also served as the vice chairman and non-executive director of BOC Hong Kong (Holdings) Limited.
From February 2021, Wang Jiang will return to CCB as president and vice chairman of CCB.
Wang Jiang was transferred to the chairman of China Everbright Group, and the president of CCB was vacant for more than a month. According to Caixin.com, on April 15, CCB announced that Zhang Jinliang, the former chairman of the Postal Savings Bank of China, was transferred to the president of CCB.
Since Wang Zuji, the former president of CCB, retired at the age of 2019, the presidents of CCB have been replaced frequently in recent years: in March 2019, Liu Guiping, the then deputy mayor of Chongqing, became the president of CCB, and he was transferred to the Chinese people in less than two years. Vice President of the Bank; in January 2021, Wang Jiang, the then President of the Bank of China, was transferred to the President of CCB, and more than a year later, he was transferred to the Chairman of China Everbright Group.
After the inspection by the central inspection team, CCB launched a cleaning storm
CCB senior officials were intensively investigated and high-level personnel changes occurred after the inspection by the central inspection team, and the timing was sensitive. The 10th Central Inspection Team dispatched by Xi Jinping’s authorities will be stationed in CCB on October 12, 2021, and will work for about 2 months.
During the period when the central inspection team was stationed, on December 16, 2021, Li Nianfeng, a full-time loan approver at the deputy general manager level of the credit approval department of CCB, was investigated.
According to Caixin reports, Wang Ye, president of the Shenzhen branch of CCB, who has just been sacked, once served as the general manager of the credit approval department of CCB.
On February 24 this year, the 10th inspection team mentioned that “there are integrity risks in key areas such as credit, centralized procurement, and emerging businesses” when feeding back to CCB.
Official reports show that since 2021, a number of CCB executives have been investigated and punished.
On April 25, 2021, Cui Binzhou, former Secretary of the Party Committee and President of CCB Zhejiang Branch, was investigated. On July 23, 2021, Zhang Qin, former Secretary of the Party Committee and President of CCB Inner Mongolia Autonomous Region Branch, was investigated. On November 1, 2021, Yang Tonglin, Secretary of the Party Committee and President of the Pingliang Branch of CCB Gansu Province, was investigated. On December 28, 2021, Rao Huidong, former Secretary of the Party Committee and President of CCB’s Fuzhou Branch in Jiangxi Province, was arrested on suspicion of accepting bribes. On December 14, 2021, Liu Zhongze, member of the Party Committee and Vice President of CCB Harbin Xinyang Sub-branch, was investigated.
Among the CCB executives who were dealt with, many were investigated after retirement, and many others were involved in issues such as illegal approval of credit funds.
Zhang Qin, the former secretary of the Party Committee and President of the China Construction Bank Inner Mongolia Autonomous Region Branch, was investigated, half a year had passed since his retirement. The official notice mentioned that Zhang Qin “interfered in loan approval in violation of regulations”, “used the convenience of his position to provide financing assistance for companies to be listed, and obtained the premium benefits of equity listing”, “seeking benefits for others in loan approval and other aspects, illegally accepting huge wealth”.
In addition to Zhang Qin, when Cui Binzhou, the former Secretary of the Party Committee and President of CCB Zhejiang Branch, was expelled from the Party, the circular also mentioned that Cui Binzhou “used the convenience of his position to seek benefits for relevant units and individuals in obtaining loans and contracting projects, etc. , illegally accepting huge sums of money”. @
Responsible editor: Lian Shuhua#