On February 28, China Greatwall Technology Group Co.Ltd(000066) assets announced that Li Junfeng was elected chairman. At present, relevant qualification procedures of Li Junfeng are being fulfilled. Shen Xiaoming, the former chairman of the board of directors, stepped down because he reached the retirement age.
Li Junfeng was formerly director of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission. Previously, he also served as deputy director of the supervision department of cooperative financial institutions of the China Banking and Insurance Regulatory Commission, deputy secretary and deputy director of the Party committee of Tianjin Supervision Bureau, secretary and director of the Party committee of Guizhou Supervision Bureau, director of the banking Inclusive Finance Department, director of the comprehensive Department of the supervision and Administration Bureau of rural cooperative financial institutions of the people’s Bank of China and other positions.
Li Junfeng intends to be the chairman of Great Wall assets
On February 28, China Greatwall Technology Group Co.Ltd(000066) assets announced that Li Junfeng was elected chairman. According to the announcement, on February 25, China Greatwall Technology Group Co.Ltd(000066) Asset Management Co., Ltd. held the 13th meeting of the second board of directors, the first extraordinary general meeting of shareholders in 2022 and the 14th meeting of the second board of directors. The meeting successively deliberated and adopted proposals such as electing Li Junfeng as the Executive director of the second board of directors and electing Li Junfeng as the chairman of the company.
At present, relevant qualification procedures of Li Junfeng are being fulfilled. Shen Xiaoming, the former chairman of the board of directors, stepped down because he reached the retirement age.
According to the resume, Li Junfeng was born in September 1964 in Yuzhou, Henan Province, with a master’s degree. Li Junfeng was formerly director of the Inclusive Finance Department of the China Banking and Insurance Regulatory Commission. Previously, he also served as deputy director of the supervision department of cooperative financial institutions of the China Banking and Insurance Regulatory Commission, deputy secretary and deputy director of the Party committee of Tianjin Supervision Bureau, secretary and director of the Party committee of Guizhou Supervision Bureau, director of the banking Inclusive Finance Department, director of the comprehensive Department of the supervision and Administration Bureau of rural cooperative financial institutions of the people’s Bank of China and other positions.
Li Junfeng resume:
Secretary of the Party committee, chairman and executive director of the company since 2021
From 2018 to 2021, he served as the director of Inclusive Finance Department of China Banking and Insurance Regulatory Commission
From 2003 to 2018, he successively served as deputy director of the supervision department of cooperative financial institutions of the CBRC, deputy secretary and deputy director of the Party committee of Tianjin Supervision Bureau, secretary and director of the Party committee of Guizhou Supervision Bureau, director of the financing guarantee business department and director of the Inclusive Finance Department of the banking industry
From 1997 to 2003, he successively served as the director of the comprehensive Department of the supervision and Administration Bureau of rural cooperative financial institutions of the people’s Bank of China, the director of the structural reform department and the policy and regulation department of the supervision department of cooperative financial institutions, and the deputy director of the supervision department of cooperative financial institutions
From 1996 to 1997, he served as the director of the office of the inter ministerial coordination group for rural financial system reform of the State Council
From 1987 to 1996, he successively served as the section member, chief section member, deputy director and director of China Agricultural Bank Of China Limited(601288) credit department
Master of economics in agricultural economics, Chinese Academy of Social Sciences
(resume from China Greatwall Technology Group Co.Ltd(000066) assets official website)
Great Wall assets was established on December 11, 2016 with a registered capital of 51.23 billion yuan. It was jointly initiated and established by the Ministry of finance of the people’s Republic of China, the National Social Security Fund Council and China Life Insurance Company Limited(601628) insurance (Group) company. The predecessor of the company is China Greatwall Technology Group Co.Ltd(000066) asset management company approved by the State Council in 1999.
will intensify the acquisition and disposal of non-performing financial assets
Recently, the CBRC announced the reply on the issuance of financial bonds by China Greatwall Technology Group Co.Ltd(000066) Asset Management Co., Ltd. and agreed to issue financial bonds with a total amount of China Greatwall Technology Group Co.Ltd(000066) assets of no more than 30 billion yuan.
The CBRC requires that China Greatwall Technology Group Co.Ltd(000066) assets should strengthen the management of fund use, and the funds raised by issuing financial bonds should be used to repay the maturing stock bonds and replace the stock interbank financing. It also requires China Greatwall Technology Group Co.Ltd(000066) assets to strictly abide by the measures for the administration of financial bond issuance in the national inter-bank bond market and other relevant provisions, and do a good job in financial bond issuance and information disclosure. In addition, China Greatwall Technology Group Co.Ltd(000066) assets shall submit a written report on the issuance to the CBRC within one month after the issuance of financial bonds.
On December 13, 2021, China Greatwall Technology Group Co.Ltd(000066) Asset Management Co., Ltd. held an enlarged meeting of the Party committee to convey and implement the spirit of the central economic work conference and study, deploy and implement measures. At that time, Li Junfeng presided over the meeting as secretary of the Party committee of the company and made a concluding speech.
Li Junfeng pointed out that we should keep the word steady, strive for progress while maintaining stability, fully and accurately implement the new development concept, accelerate the construction of a new development pattern, comprehensively deepen reform, adhere to innovation driven development, resolutely return to the main responsibility and main business of non-performing assets, and focus on the three major tasks of “serving the real economy, preventing and controlling financial risks and deepening financial reform”, Study and formulate the “three middle schools” plan and next year’s business operation plan, coordinate the relationship between business development speed, quality and safety, set scientific, reasonable and sustainable development incentive business objectives and policy guidance, promote “the expansion of high-quality increment and the acceleration of reform and development of subsidiaries”, and solve problems in development with development methods.
Li Junfeng stressed that we should earnestly assume the responsibility of the national team to prevent and resolve major risks. The company must play a more active role in preventing and resolving major risks, especially systemic financial risks. It should focus on real estate risks, bank non-performing assets, high-risk small and medium-sized financial institutions, trust and other shadow banking systems, credit violations of troubled enterprises and hidden debts of local governments. Focus on the main responsibility and main business, strengthen the acquisition and disposal of financial non-performing assets, and give full play to the function of risk prevention and resolution; We will refine and strengthen the non-financial and substantive restructuring business, focus on problem creditor’s rights, problem enterprises and problem institutions, vigorously expand the substantive restructuring business, give full play to the function of revitalizing the stock and improve the quality and efficiency of serving the real economy; Implement the requirements of financial supply side structural reform, and do a good job in the custody and rescue of problematic financial institutions, especially high-risk small and medium-sized banks.
Li Junfeng asked to plan for financial services in the “double carbon” field. We should focus on the transformation and upgrading of traditional manufacturing industry and key areas and industries of double carbon work, based on the vision of “big bad”, help real enterprises to add reorganization, reorganization and reconstruction, and serve the transformation and upgrading of the real economy. We should focus on the goal of carbon peak and carbon neutralization, actively explore business opportunities such as technological transformation, equipment renewal, asset adjustment and reorganization in the “two carbon” field, and do a good job in the green transformation of energy, industry, construction and transportation industries, as well as M & A services in the fields of dual carbon policy systems such as circular economy, low-carbon technology, carbon market and ecological carbon sink. Subsidiaries such as banks, leasing, securities, trusts and funds should actively study green financial services in the field of “double carbon”center>
