Sudden! What happened to the demotion of the chairman and the chief supervisor of the securities firm?

On April 19, the Chinese reporter of the securities firm learned from informed sources that Everbright Securities Company Limited(601788) is experiencing a personnel earthquake, and six senior executives, including the chairman of the board, are held accountable.

Specifically, Yan Jun, Secretary of the Party committee and chairman of the board of directors, will be removed from his post within the party and demoted to the Deputy position of the Group Department; Liu Jiping, the chief supervisor of the company, stayed in the party for one year and was demoted to deputy of Everbright Securities Company Limited(601788) department; Liu Qiuming, the current president and executive director, spoke with admonishment; Fan Hongbo, Secretary of the Discipline Inspection Commission, was given a warning; Wang Zhong and Mei Jian, vice presidents of the company, were criticized and educated.

As for the above news, Everbright Securities Company Limited(601788) officials had not responded to the matter as of the time when the Chinese reporter of the securities firm issued the news.

As of the closing on April 19, Everbright Securities Company Limited(601788) a shares reported 12.36 yuan / share and H shares reported 5.31 Hong Kong dollars / share.

Everbright Securities Company Limited(601788) personnel earthquake! 6 executives held accountable

The Chinese reporter of the securities firm learned from people familiar with the matter that Everbright Securities Company Limited(601788) is experiencing a personnel earthquake, and six senior executives, including the chairman, are held accountable. The reason may be related to the violation of the spirit of the eight provisions of the central government.

specifically, Yan Jun, Secretary of the Party committee and chairman of the board of directors, will be removed from the party and demoted to Deputy Department of Everbright Group; Liu Jiping, the chief supervisor of the company, stayed in the party for one year and was demoted to deputy of Everbright Securities Company Limited(601788) department; Liu Qiuming, the current president and executive director, spoke with admonishment; Fan Hongbo, Secretary of the Discipline Inspection Commission, was given a warning; Wang Zhong and Mei Jian, vice presidents of the company, were criticized and educated

The Chinese reporter of the securities firm learned from people close to Everbright Securities Company Limited(601788) that Yan Jun and Liu Jiping, who were demoted this time, were the first and second leaders of the company respectively.

According to the annual report of Everbright Securities Company Limited(601788) 2021, Yan Jun, born in 1970, is the current chairman and executive director of Everbright Securities Company Limited(601788) and the pre tax remuneration received from the company in 2021 is 2.8557 million yuan.

Yan Jun used to be deputy director of the circulation trade credit division of the business department of China Industrial And Commercial Bank Of China Limited(601398) head office, deputy director and director of the third division of corporate business of the business department of ICBC head office, deputy general manager of the business department of ICBC head office, executive director and vice president of ICBC Financial Leasing Co., Ltd., vice president and member of the Party committee of ICBC Jiangxi branch, deputy general manager and general manager of the special financing department (business department) of ICBC head office, and Commissioner of deep reform of China Everbright Group Corporation Executive deputy director of the office of the leading group for comprehensively deepening reform.

Liu Jiping, the chief supervisor, served as the chief supervisor of Everbright Securities Company Limited(601788) since June 2005 in 1964. The pre tax remuneration received from the company in 2021 was 2.7217 million yuan.

Liu Jiping served as Everbright Securities Company Limited(601788) director from September 2002 to June 2005. He once served as director of Everbright Group, deputy director and director of the audit department, chairman of the board of supervisors of Shanghai Everbright Convention and Exhibition Center Co., Ltd., supervisor of China Everbright Investment Management Company, director of Everbright financial holding Asset Management Co., Ltd., deputy director and director of the investment audit department of the National Audit Office.

in addition to the demotion of the first and second leaders, four executives were also held accountable. Among them, Liu Qiuming, the current president and executive director, was admonished; Fan Hongbo, member of the Party committee and Secretary of the Discipline Inspection Commission, was given a warning; Wang Zhong and Mei Jian, vice presidents of the company, were criticized and educated

According to the annual report, Liu Qiuming is the executive director and President of Everbright Securities Company Limited(601788) and was born in 1976. Liu Qiuming once served as the business head of Shenyin Wanguo Securities institution, the managing director of UBS Securities, the Executive Committee of Ping An Insurance (Group) Company Of China Ltd(601318) insurance (Group), the vice president of Ping An Securities, and the chairman and President of Zhongmin Investment Management Co., Ltd.

Wang Zhong is Everbright Securities Company Limited(601788) vice president, born in 1972. Wang Zhong once served as assistant general manager of Everbright Securities Company Limited(601788) bond department, deputy general manager of fixed income headquarters (presiding over the work), assistant president and vice president of asset management of Everbright Financial Holdings, director of Guotai Junan Securities Co.Ltd(601211) business and head of Investment Management Department of Haitong Securities Company Limited(600837) securities investment department.

Mei Jian is Everbright Securities Company Limited(601788) vice president, born in 1970. He once served as director of the office of Everbright Securities Company Limited(601788) board of directors, Everbright Securities Company Limited(601788) office director, general manager of brokerage department, Secretary of the board of directors, assistant to the president, etc.

It is reported that the Party committee of Everbright Group has internally announced the accountability decision for the above six senior executives Liuqiuming, the current president of Everbright Securities Company Limited(601788) .

As of press time of the Chinese reporter of the securities firm, Everbright Securities Company Limited(601788) has not issued relevant announcement on this matter.

“Everbright Department” anti-corruption work continues to advance

The Chinese reporter of the securities firm noted that in late September 2021, the eighth round of inspection of the 19th Central Committee inspected the party organizations of 25 financial units, including China Everbright Group Co., Ltd.

on February 22 this year, the fifth inspection team of the Central Committee fed back the inspection situation to the Party committee of China Everbright Group Corporation. The feedback pointed out that some problems were found during the inspection, including

The implementation of the people-centered development concept is not in place, there are still deficiencies in promoting the financial sector to return to its origin and focus on its main business, there are weak links in serving the real economy and major national development strategies, there is a gap in preventing and resolving major risks and hidden dangers, the requirements for deepening reform are not in place, and the internal governance system is weak;

There is a gap in fulfilling the “two responsibilities” of comprehensively and strictly administering the party, the transmission of responsibility pressure is not enough, the strict atmosphere has not been formed, the risk of integrity in key areas and key posts is high, the problems of formalism and bureaucracy are prominent, and some enterprises directly under the central government have repeatedly violated the eight provisions of the Central Committee;

There are deficiencies in the role of the leading group, a weak sense of overcoming difficulties, a gap in the selection and employment of personnel and the construction of the cadre and talent team, and the role of the fighting fortress of grass-roots party organizations is not fully played;

The implementation of the main responsibility for rectification is not strong enough, and the rectification of individual problems is not in place.

At the same time, the inspection team also received clues reflecting the problems of some leading cadres, which have been transferred to the Central Commission for Discipline Inspection, the State Supervision Commission, the central organization department and other relevant parties for handling in accordance with relevant regulations.

The Chinese reporter of the securities firm noted that according to the Everbright Securities Company Limited(601788) official website, Everbright Group held a meeting to promote the implementation of the central inspection and rectification work on April 15. According to the requirements of the meeting, the party committees at all levels of the group should take full responsibility and implement the rectification requirements according to the inspection and rectification assignment, timetable and road map.

The meeting also mentioned: “the third is to strengthen the strict atmosphere. We should adhere to the word ‘strict’ and implement the strictest attitude, the strictest yardstick and the strictest rules throughout the inspection and rectification, and in all aspects of the inspection and rectification.”

Chinese reporters from securities companies noted that the anti-corruption work of “Everbright Department” has been continuously promoted.

on April 18, nearly five months after being examined and investigated, Xia Wei, former general manager of China Everbright Bank Company Limited Co.Ltd(601818) Transaction Banking Department, was “double opened”. According to the website of the Central Commission for Discipline Inspection, Xia Wei has problems in violation of law and discipline, such as life erosion, money and sex trading, eating inside and outside, not truthfully reporting the important situation of loan enterprises, resulting in major risk losses of state-owned assets

According to incomplete statistics by Chinese reporters of securities companies, at least 10 senior executives have been sacked in the system of Everbright Group since the end of 2020, many of them are from China Everbright Bank Company Limited Co.Ltd(601818) , including: China Everbright Bank Company Limited Co.Ltd(601818) former deputy secretary and vice president of the Party committee Zhang Huayu, China Everbright Bank Company Limited Co.Ltd(601818) former Party committee book and President Zhou Jiangtao of Nanning Branch, former general manager of Everbright urban and rural environmental protection Co., Ltd., Chen Peng, China Everbright Bank Company Limited Co.Ltd(601818) business manager of Information Technology Department of the head office Chen Yuhe, China Everbright Bank Company Limited Co.Ltd(601818) Zhang Ling, former president of Hohhot Branch, etc.

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