Zhongxin Finance, April 23 (Gong Hongyu) After many rumors such as "resignation, transfer to a new post, and investigation", the "whereabout" of Tian Huiyu, the former president of China Merchants Bank, who has recently attracted much attention on the Internet, has finally been settled. .

  According to the website of the Central Commission for Discipline Inspection and the State Supervision Commission on the 22nd, Tian Huiyu, former Secretary of the Party Committee and President of China Merchants Bank Co., Ltd., is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission.

Tian Huiyu, former president of China Merchants Bank.

Image source: China Merchants Bank 2020 Annual Report.

He was just dismissed a few days ago, causing a lot of speculation in the market

  In fact, as early as April 18, there were market rumors that Tian Huiyu was taken away to assist in the investigation, and there were different opinions about his movements.

  Subsequently, on the evening of the 18th, China Merchants Bank issued an announcement stating that the board of directors reviewed and approved the "Proposal on the Removal of Mr. Tian Huiyu", agreeing to remove Tian Huiyu from the positions of president and director of China Merchants Bank, and to make other appointments.

Tian Huiyu did not attend the meeting due to personal reasons.

On April 18, China Merchants Bank's announcement on the change of the president.

  Since Tian Huiyu did not attend the meeting, the announcement of "other appointments" has sparked many speculations in the market.

If there is news, Tian Huiyu was hired as the deputy director (executive) of the China Merchants Financial Business Group/Platform Executive Committee, the vice chairman of China Merchants Financial Group Co., Ltd. (assistant to the general manager of the group), and so on.

At the helm of China Merchants Bank for 9 years, the annual salary before tax in 2021 is 4.19 million yuan

  According to public information, Tian Huiyu was born in 1965, a native of Jinzhai, Anhui, and a senior economist. He graduated from Shanghai University of Finance and Economics in 1987, majoring in infrastructure finance and credit, and later obtained a master's degree in public administration from Columbia University in 2002.

  Tian Huiyu has been working in the banking industry for decades.

From 1987 to 1988, Tian Huiyu, who entered the workplace for the first time, successively served as the vice president of China Construction Bank Shanghai Pudong Branch; in 2003, Tian Huiyu served as the vice president of Shanghai Bank (601229.SH); from 2006 to 2013, he successively worked for China Construction Bank (601939.SH) Shenzhen Branch President, etc.

  In May 2013, Tian Huiyu "airborne" China Merchants Bank, serving as Secretary of the Party Committee and President of China Merchants Bank, and stayed for 9 years.

  After Tian Huiyu took office, he led the "second transformation" of China Merchants Bank.

In 2014, China Merchants Bank began to implement the development strategy of "one body and two wings", with the goal of building a "light bank".

The "one body" is retail banking, and the "two wings" are corporate finance and interbank finance.

  Against the above background, China Merchants Bank's retail loans at the end of 2015 reached 1,226.7 billion yuan, an increase of 26.29% over the end of the previous year, which made it a "retail bank", and Tian Huiyu was also called "the king of retail" by some bankers.

  In 2021, Tian Huiyu also proposed to create a value cycle chain of large wealth management, as the main line of work of China Merchants Bank in the next five years, namely "big wealth management business model + digital operation model + light culture organization model", the trinity.

  In 2021, China Merchants Bank will achieve revenue of 331.3 billion yuan and net profit attributable to shareholders of 119.9 billion yuan.

On April 22, China Merchants Bank's latest financial report for the first quarter of 2022 showed that China Merchants Bank's total assets were 9,415.3 billion yuan, an increase of 1.80% over the end of the previous year.

Compared with the total assets of 4,016.4 billion yuan in 2013, it has more than doubled.

  Along with the scale of China Merchants Bank, Tian Huiyu's personal income has "climbed".

China Merchants Bank's 2021 financial report shows that in 2021, Tian Huiyu's total pre-tax remuneration from China Merchants Bank is 4.1983 million yuan, and he holds 335,500 shares of China Merchants Bank.

In 2013, when Tian Huiyu joined China Merchants Bank, his annual salary was 3.164 million yuan, and he did not hold company stock.

He also gave a public speech half a month ago, saying that "the original intention is the clearest direction for the future"

  Tian Huiyu's most recent public attendance was at the cloud ceremony of China Merchants Bank's 35th birthday on April 8, saying, "Today is the starting point of a new journey, and we will officially release China Merchants Bank's customer service value proposition and values. Negative list, look at the next 35 years with a firmer look."

  Zhongxin Finance noticed that in his speech on China Merchants Bank's 2021 annual report, Tian Huiyu also quoted Kant's famous words: "There are only two things in the world that can always make us feel in awe, one is the bright starry sky above our heads, and the other is the lofty moral law in our hearts. "

Screenshot from China Merchants Bank's 2021 annual report.

  In his speech on China Merchants Bank's 2020 annual report, Tian Huiyu wrote, "There is no bright moment, but it is just a pursuit of the light. The original intention is the clearest direction for the future."

  The report from the Central Commission for Discipline Inspection and the State Supervision Commission did not disclose the specific reasons for Tian Huiyu's investigation, but only mentioned "suspected serious violations of discipline and law."

However, according to the Securities Times report, it is worth noting that in recent times, many senior executives of the Shenzhen branch of China Construction Bank, which Tian Huiyu once ruled, have been "fallen out" successively.

  On April 12, 15 and 22, the Shandong Provincial Commission for Discipline Inspection and Supervision successively released news that due to serious violations of laws and regulations, Wang Ye, former president of CCB Shenzhen Branch, Zhang Xueqing, former vice president of the branch, and Han Fenglin, former risk director of the branch, accepted the request from the central government. The Disciplinary Inspection Commission and the State Supervision Commission of the CCB Disciplinary Inspection and Supervision Team conducted disciplinary review and the Qingdao Municipal Supervision Commission supervision and investigation.

  Among them, Zhang Xueqing served as vice president of China Construction Bank Shenzhen Branch from December 2001 to 2009 to July, and Tian Huiyu served as the president of China Construction Bank Shenzhen Branch for an overlapping period of about two years.

The market value of China Merchants Bank has shrunk by more than 100 billion in a week, saying that its operation and management are running normally

  As of the close on the 22nd, the share price of China Merchants Bank closed at 42.50 yuan, a drop of 9.25% in the week from the 18th to the 22nd, with a market value of about 1.07 trillion yuan, and the market value evaporated by more than 100 billion yuan in one week.

China Merchants Bank A share price chart.

  After Tian Huiyu was investigated, on the evening of the 22nd, China Merchants Bank announced that at present, the company's executive vice president Wang Liang is in charge of the work of China Merchants Bank, and the company's operation and management are running normally.

  On the afternoon of April 22, China Merchants Group held a special party committee meeting to emphasize that Tian Huiyu's suspected serious violation of discipline and law should be used as a mirror to reflect deeply and remain vigilant.

Each member unit of the group's financial sector should follow the arrangements of the group's party committee, comprehensively compare the feedback on the financial sector from the eighth round of inspections by the central government, and continuously enhance the political and people's nature of financial work. The real economy can more effectively prevent and resolve various financial risks.

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