AMCs new round of executive rotation: Vice President of Huarong, Dongfang and Cinda

category:Finance
 AMCs new round of executive rotation: Vice President of Huarong, Dongfang and Cinda


The appointment of the relevant personnel was announced on the same day of January 7. All three vice presidents are on the same level. The latest vice presidents are required to perform the corporate governance and regulatory approval procedures.

Since Lai Xiaomin, the former chairman of China financing industry, was investigated for serious violation of discipline and law and was double opened in 2018, many senior executives in the four AMCs have been transferred. This transfer is for executives who have been working in the same bank and corresponding AMC system for a long time. This transfer is not only to avoid corruption caused by long-term employment in the same system, but also to promote further exchanges between AMC executives.

Three AMC vice presidents transferred

According to a Chinese reporter from securities companies, on January 7, three AMCs, Huarong, Dongfang and Xinda, all vice presidents, welcomed three major personnel transfers.

Among them, Hu Jiliang, vice president of Huarong assets, was transferred to vice president of Cinda. Hu Jiliang has been the vice president of Huarong assets since November 2014. Before joining Huarong assets, he served in the peoples Bank of China and industrial and Commercial Bank of China; after joining Huarong assets, he served as the deputy director of the first Restructuring Office, general manager, chairman of Huarong financial leasing company, and Assistant to the president of Huarong assets.

Xu Yongli, vice president of Dongfang assets, was transferred as vice president of Huarong. According to the public information, Xu is also a long-term senior executive in the Bank of China and Dongfang assets. He once worked in the Credit Department II and corporate business department of the Bank of China, and later served as the deputy manager of equity department, the manager of market development department and the assistant president of Dongfang assets.

Liang Qiang, vice president of Cinda assets, was transferred as vice president of Orient. Liang Qiang has served as vice president of Cinda Asset since April 2019. Previously, he has served in CCB and Cinda system. He joined in Cinda Asset in September 1999. From February 2016 to April 2019, he served as president assistant of Cinda, and served as office director of Cinda restructuring leading group, leading group office of leading group of leading group of leading and listing of leading group.

Many executives have been transferred in the four AMCs

The transfer of senior executives in the four AMC systems was accelerated. Huarong, great wall, Dongfang and Cinda have already had a number of senior executives transferred in the four companies.

Li Xin, President of Huarong Asset Management Co., Ltd., formerly the chairman of the board of supervisors of Dongfang Asset Management Co., Ltd., previously served in Dongfang Asset Management Co., Ltd. for a long time, and was transferred as president of Huarong Asset Management Co., Ltd. in September 2018.

In October 2019, Hu Jianzhong, deputy secretary of Huarong assets committee, was previously appointed Vice President of assets in the Great Wall, and later transferred to the Oriental assets supervisor. He was transferred to Deputy Secretary of Huarong Asset Party committee in October 2019.

In addition, the AMC executives transferred include: Xiong qiugu, vice president of Huarong, transferred as vice president of Orient; Yang guobing, assistant president of Huarong, transferred as assistant president of great wall; Hu Xiaogang, vice president of Orient assets, transferred to great wall as vice president; Chen Yanqing, assistant president of Cinda, transferred as vice president of Huarong, etc.

Eliminate the drug flow of Lai Xiaomin

In April 2018, Lai Xiaomin, former chairman of huafinancing industry, was investigated, which is an important event that the four AMCs are concerned about. After that, Huarong started to eliminate the drug flow of Lai Xiaomin.

Huarong assets held a meeting to commemorate the 20th anniversary of the companys establishment in October 2019. The meeting carefully reviewed the experience and lessons of the past 20 years, emphasizing that Lai Xiaomin not only brought serious losses to the country, but also seriously damaged the image of Huarong company. Lai Xiaomins pernicious behavior and harm should never be forgotten. He should always act as a mirror, be alert at all times, and take practical actions to completely correct mistakes, self purification and self innovation.

On the evening of January 6, the website of the State Commission for Discipline Inspection of the CPC Central Committee announced that sang Ziguo, the former president assistant of Great Wall assets, was double opened, which is another AMC executive who was double opened after Lai Xiaomin.

Great Wall Asset said that the serious handling of serious violations of discipline and laws by the CPC Committee and the Beijing Municipal Commission of the CBRC fully reflected the strong determination of the CPC Central Committee to comprehensively and strictly govern the party, the distinct attitude of the CPC Central Committee and the CPC Committee of the CBRC that corruption must be punished, the firm will of zero tolerance, full coverage and no forbidden area against corruption, and the partys heart and peoples heart. The Party committee of Great Wall Asset firmly supports the decision of the Party committee of the China Banking Regulatory Commission to dismiss sang Ziguo from Party membership and public office, resolutely implements the work deployment of the discipline inspection and supervision group of the China Banking Regulatory Commission and the State Commission for Discipline Inspection stationed in the China Banking Regulatory Commission, and unswervingly promotes the construction of party conduct and clean government and the fight against corruption in the company system.

AMC returns to main business

At the same time, AMC is also promoting the return to the main business. In February 2019, Guo Shuqing, chairman of China Banking Regulatory Commission, went to Xinda company to investigate and preside over a symposium on conference management and operation institutions. The meeting stressed that AMC should strengthen risk prevention and control, focus more on the main business, promote business development and innovation in the new situation, and improve the sustainable high-quality development mode through quality change, efficiency change and power change.

In October 2019, Huarong Asset held a meeting to commemorate the 20th anniversary of the establishment of the company, which proposed that facing the future, Huarong should strive to build a high-quality development Xinhua Rong with clear politics, effective governance, outstanding main business, excellent quality, responsible action, low-key and pragmatic.

Great Wall Asset said on January 7 that it resolutely returned to the main business of non-performing assets. We should thoroughly implement the spirit of the CPC Central Committee, the State Council and the regulatory requirements of the CBRC, further strengthen the main business of non-performing assets, prevent and resolve major financial risks, support the deepening of supply side structural reform, and continuously improve the efficiency of serving the real economy.

In October 2019, the meeting of Dongfang assets to celebrate the 20th anniversary of the establishment of the company held that only by focusing on the main business, can we consolidate the foundation of development; only by adhering to reform and innovation, can we open up the road of development; only by adhering to compliance and prudence, can we achieve the far of the foundation business. At the 247th regular press conference of banking and insurance industry held on December 5, 2019, China Cinda Asset said that focusing on the problem assets and problem institutions, it will strive to create a new operation mode of big non-performing assets, such as helping problem enterprises to restructure and regenerate, promoting industry merger and reorganization, and promoting a virtuous economic and financial cycle, so as to continuously improve its ability of steady development and overall service In the process of supply side structural reform, prevention and resolution of financial risks, we should play the unique role of counter cyclical tools and financial assistance, which are different from traditional financial institutions. Source: responsible editor of securities companies in China: Yang bin_nf4368

In October 2019, the meeting of Dongfang assets to celebrate the 20th anniversary of the establishment of the company held that only by focusing on the main business, can we consolidate the foundation of development; only by adhering to reform and innovation, can we open up the road of development; only by adhering to compliance and prudence, can we achieve the far of the foundation business.

At the 247th regular press conference of banking and insurance industry held on December 5, 2019, China Cinda Asset said that focusing on the problem assets and problem institutions, it will strive to create a new operation mode of big non-performing assets, such as helping problem enterprises to restructure and regenerate, promoting industry merger and reorganization, and promoting a virtuous economic and financial cycle, so as to continuously improve its ability of steady development and overall service In the process of supply side structural reform, prevention and resolution of financial risks, we should play the unique role of counter cyclical tools and financial assistance, which are different from traditional financial institutions.