On March 4, Shanghai Securities News learned that the relevant responsible comrades of the central organization department attended the cadre meeting of China Everbright Group and announced the Central Committee’s decision: Comrade Wang Jiang was appointed party secretary of China Everbright Group Co., Ltd. and Comrade Li Xiaopeng was removed from the position of Party Secretary of China Everbright Group Co., Ltd.
It is understood that Wang Jiang, President of China Construction Bank Corporation(601939) group, intends to be the chairman of Everbright Group. The post of chairman still needs to be approved by the board of directors. At present, the “group leader” on the official website of Everbright Group has been updated. Li Xiaopeng, the current chairman of the board, is about to retireP align = “center” official website of Everbright Group
In less than three years, Wang Jiang successively served as the president of two large state-owned banks – in December 2019, Wang Jiang served as the president of Bank Of China Limited(601988) bank; In January 2021, he was transferred to China Construction Bank Corporation(601939) as president.
Wang Jiang has rich financial experience. Statistics show that Wang Jiang was born in Rushan, Shandong Province in July 1963. He graduated from Shandong Institute of economics in 1984 and stayed in school to teach. He graduated from Xiamen University in 1999 with a doctorate in economics and then entered the banking system.
Wang Jiang is a “veteran of CCB” and has worked in CCB from 1999 to 2015. In March 2015, Wang Jiang went to Bank Of Communications Co.Ltd(601328) as vice president and vice governor of Jiangsu Province in 2017. He returned to the banking system in 2019 and took the helm of two large state-owned banks successively.
After Wang Jiang left CCB, the candidate to replace the president has not been drawn up. At present, CCB has four vice presidents including Ji Zhihong, Zhang Min, Li Yun and Wang Hao, as well as Board Secretary Hu Changmiao, chief information officer Jin Panshi and chief risk officer Cheng Yuanguo. Nor does it rule out the possibility of external “airborne” presidents.
Statistics show that Everbright Group was founded by the Ministry of Finance and Huijin Company. At present, it is positioned as a large state-owned comprehensive financial holding group. It has four major sectors: finance, investment, industry and science and technology. It has cultivated a number of listed companies such as China Everbright Bank Company Limited Co.Ltd(601818) , Everbright Securities Company Limited(601788) , Everbright Holdings and Everbright International, and has banking, securities, insurance and trust licenses.
According to the annual report of Everbright Group, by the end of 2021, the total assets had reached 6.5 trillion yuan, an increase of 10.3% over the beginning of the year. In 2021, the operating revenue was 269.4 billion yuan, a year-on-year increase of 7.6%; The net profit was 57.8 billion yuan, a year-on-year increase of 14.2%, of which China Everbright Bank Company Limited Co.Ltd(601818) contributed 75% of the profit.
After Wang Jiang took office, the most important task in front of him is to promote the landing of financial holding company.
In September 2020, the State Council issued the decision on implementing the access management of financial holding companies, and the central bank issued the Trial Measures for the supervision and management of financial holding companies. Both documents will come into force on November 1, 2020.
On June 4, 2021, the central bank accepted the application of Everbright Group to establish a financial holding company. The main shareholders and shareholding ratio of the proposed Everbright financial holding company are: Central Huijin Investment Co., Ltd. holds 63.16% and the Ministry of finance holds 33.43%.
In fact, during his tenure as chairman, Li Xiaopeng has put forward the strategic goal of building a world-class financial holding group with global competitiveness.
In addition to the task of building a financial holding company, the market is also very concerned about the overall listing of Everbright Group.
The listing plan put forward by Everbright Group can be traced back to 2013. At that time, Everbright Group was still in the “Tang Shuangning era”. Tang Shuangning was ordered to focus on promoting the reform and reorganization plan of Everbright Group, and officially put forward the five-year listing plan in January 2013. However, in these nine years, Everbright Group’s listing dream has not been realized.
After taking charge of Everbright Group, it is worth looking forward to how Wang Jiang will promote the implementation of the strategic objectives set by the group.
