Ma Zhengwu, a new member of the Central Committee of the Communist Party of China, has been chairman of the central enterprise for 17 years since he was 39

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 Ma Zhengwu, a new member of the Central Committee of the Communist Party of China, has been chairman of the central enterprise for 17 years since he was 39


In accordance with the provisions of the party constitution, the plenary session decided to replace the alternate members of the Central Committee, Ma Zhengwu and Ma Weiming, as members of the Central Committee.

According to the public resume, Ma Zhengwu was born in 1963 and served as the general manager of China National Materials Development and Investment Corporation and vice president of China Chengtong holding company.

In 2002, Ma Zhengwu served as the chairman and Secretary of the Party committee of China Chengtong Holding Group Co., Ltd. for 17 years.

In 2016, SASAC of the State Council decided to entrust China Railway Materials (Group) Corporation with China Chengtong, and later Ma Zhengwu concurrently served as chairman, Secretary of the Party committee and general manager of China Railway Materials Group.

Ma Zhengwu, Secretary of the Party committee and chairman of the board of directors of China Chengtong Holding Group Co., Ltd., attended the 19th National Congress of the Communist Party of China and was elected as an alternate member of the 19th CPC Central Committee, according to the chronicle of events on the official website of China Chengtong holding group Co., Ltd. in October 2017

In February this year, China Chengtong held a meeting of middle-level and above management personnel, and relevant responsible comrades of the state owned assets supervision and Administration Commission of the State Council announced relevant decisions: because Comrade Ma Zhengwu was transferred to an important post, he was removed from the post of party secretary, chairman and director of China Chengtong Holding Group Co., Ltd., and Zhu Bixin, deputy secretary, director and general manager of the Party committee of China Chengtong Holding Group Co., Ltd. Comrades temporarily presided over the overall work. At the same time, considering the trusteeship of China Railway Materials Group Co., Ltd., Zhu Bixin is responsible for the overall work of China Railway Materials Group Co., Ltd.

In 2014, the peoples Daily published Ma Zhengwus signed article practice the partys mass line and serve the overall situation of state owned assets reform. China Chengtong must pay more attention to the management of state-owned assets, give full play to the unique advantages of state-owned assets management, and win a place in the increasingly fierce market competition, the article said. Through the partys mass line education and practice activities, we should make adhering to the mass line become a conscious working method and habit, and turn it into our working ability and core competitiveness, and into a strong driving force to promote the operation of state-owned assets to a new level.

In 2017, Ma Zhengwu said at the event that the central enterprises are the pillar of the national economy, but the structural distribution of the central enterprises still focuses on traditional industries. Some industries are still in rich production capacity, and leverage is relatively high, which is gradually being solved. In recent years, finance has provided a lot of support for the development of real economy, but it is undeniable that the tendency of getting rid of the real to the virtual still exists. Finance serves the real economy. The real economy should also improve its endogenous quality to avoid inducing financial risks.

According to the official website, the state owned assets supervision and Administration Commission of the State Council of the State Council performs the functions of investor on behalf of the State Council. It is one of the first pilot enterprises of the state owned assets management company and the first pilot enterprise of the state owned assets management company. Founded in 1992, the company was formed by the merger of material circulation enterprises directly under the former Ministry of materials. The main business of the company is equity operation, financial services, asset management, as well as comprehensive logistics services, means of production trade, production, development and utilization of Forest Pulp paper, etc., with many listed companies.

Resume of Ma Zhengwu

Ma Zhengwu, born in 1963, masters degree.

1985-1991 worked in Beijing leather factory, once served as Deputy Secretary of the Party committee;

1991-1992 deputy director of China National Packaging Corporation;

1992-1996 General Office of the Ministry of materials, director;

1996-2001 vice general manager and general manager of China National material development and Investment Corporation;

From 2001 to September 2002, worked as executive vice president of China Chengtong holding company;

From September 2002 to February 2019, chairman of China Chengtong Holding Group Co., Ltd.

Fourth Plenary Session of the 19th CPC Central Committee

The Fourth Plenary Session of the 19th CPC Central Committee was held in Beijing from October 28 to 31, 2019. In accordance with the provisions of the party constitution, the plenary session decided to replace the alternate members of the Central Committee, Ma Zhengwu and Ma Weiming, as members of the Central Committee.