The wave of anti-corruption in the financial field continues, and China Everbright Bank Company Limited Co.Ltd(601818) seems to be at the center of this anti-corruption vortex.
On January 4, the website of the Central Commission for Discipline Inspection disclosed that China Everbright Bank Company Limited Co.Ltd(601818) former deputy secretary of the Party committee and vice president Zhang Huayu was suspected of serious violation of the law and is currently under supervision and investigation. This is also the first commercial bank executive to be tracked down after retirement at the beginning of 2022.
At the same time, incomplete statistics by Chinese reporters of securities times and securities companies found that four executives of "Everbright Department" have been double opened in the past year, and three cadres are still under investigation. In addition, Zhang Ling, former president of China Everbright Bank Company Limited Co.Ltd(601818) Hohhot Branch, who was "sacked" in 2020, has not disclosed the investigation results.
China Everbright Bank Company Limited Co.Ltd(601818) the former vice president was checked
According to the information from the discipline inspection and supervision team of the Central Commission for Discipline Inspection and the State Supervision Commission in Everbright Group and the supervision commission of Shandong Provincial Commission for Discipline Inspection, China Everbright Bank Company Limited Co.Ltd(601818) former deputy secretary of the Party committee and vice president Zhang Huayu is suspected of serious violations of the law and is currently under supervision and investigation.
According to the annual reports over the years, Zhang Huayu was born in October 1958 and is 63 years old. In February 2001, Zhang Huayu joined China Everbright Bank Company Limited Co.Ltd(601818) as assistant to the president of the bank and director of the business department of the head office.
In February 2006, he was promoted to a member of the Party committee of the bank and served as vice president of the bank from March of the next year until 2018. During this period, Zhang Huayu also served as chairman of Everbright Financial Leasing Co., Ltd. and chairman of Everbright Technology Co., Ltd.
When he first served as China Everbright Bank Company Limited Co.Ltd(601818) vice president, Zhang Huayu was in charge of corporate business, including corporate business department, trade finance department and small and medium-sized enterprise business department. In 2011, his responsibilities were adjusted to asset protection department, investment and custody business department. Since then, the China Everbright Bank Company Limited Co.Ltd(601818) annual report did not disclose the business in charge of senior executives.
In August 2018, Zhang Huayu submitted his resignation after serving as vice president of China Everbright Bank Company Limited Co.Ltd(601818) for 11 years. According to the announcement at that time, Zhang Huayu submitted his resignation to the China Everbright Bank Company Limited Co.Ltd(601818) board of directors due to his age and resigned as vice president of the bank.
The Chinese reporter of the securities firm learned that after leaving China Everbright Bank Company Limited Co.Ltd(601818) , Zhang Huayu joined Chongqing Trust and was employed as the non-executive director and vice chairman of China financial international, a Hong Kong listed company.
According to the official website of Chongqing Trust, Zhang Huayu participated in the 2018 work summary meeting of the company as the party secretary of the company at the end of January 2019. In April 2020, he was elected as the shareholder director of Chongqing Trust. By the end of June 2021, Zhang Huayu also attended the event as secretary of the Party committee of Chongqing Trust. However, according to the reporter, he has left office recently.
Everbright system in the vortex of anti-corruption
Over the past year, China Everbright Bank Company Limited Co.Ltd(601818) is at the center of the financial anti-corruption vortex. Securities Times · securities company Chinese reporter found that since 2021, four executives of the "Everbright Department" have been double opened, and three cadres are still under investigation.
Among them, Zhou Jiangtao, former president of China Everbright Bank Company Limited Co.Ltd(601818) Nanning branch and Chen Peng, former general manager of Everbright urban and rural environmental protection Co., Ltd., which were previously checked on the same day, were also double opened on November 5, 2021. According to the website of the Central Commission for Discipline Inspection, both of them were found to abuse their power for personal gain in loan approval, "eat the line by the line" and "eat the enterprise by the enterprise". It is worth noting that the two had worked together in China Everbright Bank Company Limited Co.Ltd(601818) Xi'an Branch for 9 years.
In March 2021, Zhu Huimin, former chairman of Everbright industry, and Huang Zhiyang, former deputy general manager, were also expelled from the party and public office. At that time, the website of the Central Commission for Discipline Inspection pointed out that Zhu Huimin regarded the power of loan approval, investment and financing as a chip for personal gain; Huang Zhiyang acted as a broker for illegal businessmen and engaged in power and money transactions.
Zou Jianxu, then deputy general manager of China Zheshang Bank Co.Ltd(601916) capital market department and former vice president of China Everbright Bank Company Limited Co.Ltd(601818) Shenzhen Branch, was also investigated with Zhu Huimin. They worked together in China Everbright Bank Company Limited Co.Ltd(601818) Shenzhen Branch for 7 years. Therefore, there is market speculation that Zhu Huimin's investigation may be related to his actions during his tenure in China Everbright Bank Company Limited Co.Ltd(601818) Shenzhen Branch.
Corruption in credit approval is the common feature of most bank cadres. "At present, China's financing structure is dominated by indirect financing, and most of the enterprise funds come from bank loans. Bank credit, as the main channel for fund provision, is a typical field of resource enrichment and power concentration, and cadres are vulnerable to 'hunting'." A recent article on the website of the Central Commission for Discipline Inspection pointed out that.
"There are not only their personal subjective factors, but also some corresponding subject responsibilities and supervision responsibilities that have not been effectively implemented." When talking about why bank executives often have serious corruption cases, senior banking institutions pointed out to reporters that in addition to problems in personal ideological consciousness, we can not ignore some objective factors such as system and environment, such as defects in the system design of some institutions in the field of credit. At the same time, seeking personal gain by loan often requires collusion, left-right collusion and multi link cooperation.
(brokerage China)
