(Economic Observation) Zhu Hexin, Vice Governor of the Bank of China, Takes the Lead of CITIC Group
China News Agency, Beijing, March 20th (Reporter Wang Enbo) Chinese state-owned enterprise giant CITIC Group announced a change of coaching.
Official news shows that on March 20, the group held a meeting of leading cadres. Zeng Yichun, deputy minister of the Central Organization Department, attended the meeting and announced the central decision: Zhu He was newly appointed as the party secretary of CITIC Group, and Chang Zhenming was no longer the party secretary of CITIC group. According to media reports, Zhu Hexin has been recommended as chairman candidate.
Public information shows that Zhu Hexin, born in 1968, is a "financial veteran." He has worked at the Bank of Communications for more than 20 years since 1993 and was promoted to Deputy Governor of the Bank of Communications in January 2013.
In March 2015, Zhu Hexin was transferred to the Deputy Governor of Bank of China. In June of the following year, he "airborne" Sichuan and became "Vice Governor of Finance". As the deputy governor of Sichuan Province, he once issued an investment invitation to financial "big guys" at a public event, "from the perspective of return on capital and return on assets, you should come (Sichuan Investment)."
In July 2018, Zhu Hexin returned to the financial system as Deputy Governor of the People's Bank of China. During the work of the central bank, he repeatedly spoke on credit issues. On June 14, 2019, he said at the briefing of the National Office of New China that China has established the world's largest credit reporting system, and has played an irreplaceable role in preventing financial risks, maintaining financial stability, and promoting the development of the financial industry. Important role.
Chang Zhenming was born in 1956. He joined China International Trust and Investment Corporation (the predecessor of CITIC Group) in 1983 and has spent most of his career here.
From September 2004 to July 2006, Chang Zhenming was briefly president of China Construction Bank. During this period, CCB completed important work such as financial restructuring, shareholding system reform, and overseas public offering. Subsequently, Chang Zhenming returned to CITIC Group, and since December 2010 he has been the chairman and party secretary of CITIC Group. He has been at the helm of the group for nearly ten years.
Zhu Hexin took over this central enterprise giant from the old "head", and the burden is not light.
China CITIC Group Co., Ltd. (formerly China International Trust and Investment Corporation) was founded by Rong Yiren in 1979 with the support of Deng Xiaoping. In 2002, China International Trust and Investment Corporation underwent a system reform and changed its name to China CITIC Corporation to become a state-authorized investment institution.
In 2011, China CITIC Group was restructured into a wholly state-owned company, renamed China CITIC Group Co., Ltd., and initiated the establishment of China CITIC Corporation. In August 2014, CITIC Group injected 100% of CITIC shares into CITIC Pacific, a Hong Kong-listed company, to achieve an overall overseas listing.
Chang Zhenming once stated that since its establishment, CITIC Group has fully played an important role in piloting economic reforms and opening up to the outside world. By introducing foreign funds, advanced technology and management experience, it has acted in accordance with international practices and explored a market economy path in the planned economy .
At present, CITIC Group has developed into a large state-owned comprehensive multinational enterprise group, whose business involves finance, resources and energy, manufacturing, engineering contracting, real estate and other fields. In 2019, the group was listed on the Fortune Global 500 for the 11th consecutive year, ranking 137th.
At the same time, CITIC is one of the largest constituent stocks of the Hong Kong Hang Seng Index. As of December 31, 2018, CITIC's total assets amounted to HK $ 76607 billion and operating income was HK $ 533.3 billion. Every family has a great career, and it is naturally greater responsibility and pressure. After Zhu Hexin takes over, where CITIC Group is heading will be concerned by all parties.
On the same day, the official website of CITIC Group also published another news: Sun Deshun, former deputy secretary of the party committee and president of CITIC Bank Co., Ltd., was severely disciplined and dismissed from the party.
In a press release issued during the same period, the party committee of CITIC Group stated that it is necessary to deeply understand the seriousness and complexity of the anti-corruption struggle in the financial field, and use the case as a mirror to learn from the others and implement the main responsibility and supervision responsibility. Purify the ecology and earnestly promote the comprehensive and strict development of the party. (Finish)