See also the change of senior executives of securities companies!
On April 20, Boc International (China) Co.Ltd(601696) announced that the board of directors had recently received the resignation report submitted by Lin Jingzhen Bank Of China Limited(601988) Vice President Lin Jingzhen applied for resignation as director, chairman and director of the strategy and Development Committee of the board of directors due to work arrangement. After his resignation, he will no longer hold any position in the company.
The board of directors elected director Ning min as the chairman of the second board of directors of the company. The term of office starts from the date of deliberation and approval by the board of directors of the company to the date of expiration of the term of office of the second board of directors. After being elected as the chairman, director Ning min also served as the director of the strategy and Development Committee of the board of directors. Ning min is currently Secretary of Boc International (China) Co.Ltd(601696) Party committee and executive president.
Ning min will become a rare female “number one” in securities companies after taking office as chairman
Boc International (China) Co.Ltd(601696) relevant people said that Lin Jingzhen’s resignation is a work arrangement, and he will still serve as executive director and vice president of BOC and non-executive director of BOC Hong Kong (Holdings) Co., Ltd. Since 2002, Lin Jingzhen has worked in the Bank of China system for 20 years.
Ning min is also an old Chinese pedestrian Boc International (China) Co.Ltd(601696) annual report shows that Ning min was born in July 1973 with a doctorate degree; From July 1999 to September 2009, he worked in Bank Of China Limited(601988) head office, successively served as a member of legal and compliance department of Bank Of China Limited(601988) head office, deputy director of credit execution department of head office, senior compliance officer and director of custody and Investor Service Department of head office; From September 2009 to August 2013, he worked in BOC fund and successively served as assistant executive president and Vice Executive President; From August 2013 to December 2014, he served as deputy inspector in Shandong Supervision Bureau of Bank Of China Limited(601988) industry supervision and Administration Commission; From December 2014 to October 2020, he served as the executive president and director of the company; He is currently the Secretary of the Party committee, executive president and director of the company.
It is worth mentioning that after taking up the post of Boc International (China) Co.Ltd(601696) chairman, Ning min will also become a rare female head of the brokerage department. In early March, the reporter of “daily economic news” combed the situation of female executives of 140 securities companies (including parent and subsidiary companies) in the mainland. Among the 1189 senior executives of securities companies at that time, the number of female senior executives was 195, accounting for 16.40%, while only 8 served as the chairman of the board.
more than directors are also from BOC system
BOC holds Boc International (China) Co.Ltd(601696) 33.42% of the shares through its wholly-owned subsidiary BOC International Holdings, and is the largest shareholder of Boc International (China) Co.Ltd(601696) Boc International (China) Co.Ltd(601696) Boc International (China) Co.Ltd(601696) ‘s senior management assignment and business strategy also have a strong BOC style.
In addition to Ning min, Boc International (China) Co.Ltd(601696) more than executives have also worked in BOC. For example, Zu Honghao, a director of the company, once served as president of Bank Of China Limited(601988) Dalian Shahekou sub branch and assistant general manager of Human Resources Department of Bank Of China Limited(601988) head office. Wen Lan, the director, once served as president of Bank Of China Limited(601988) Brisbane branch and deputy general manager of financial management department of Bank Of China Limited(601988) head office.
Boc International (China) Co.Ltd(601696) also regards backing Bank of China as one of the company’s core competitive advantages. In the annual report, Boc International (China) Co.Ltd(601696) pointed out that the company’s major shareholders and their affiliated enterprises have strong strength. They can rely on shareholder resources, give play to the advantages of “investment bank + Commercial Bank”, further integrate internal and external advantageous resources, and continuously improve their core competitiveness while meeting the comprehensive financial service needs of shareholders and affiliated enterprises.
According to the data of China stock market news choice financial terminal, the operating revenue of Boc International (China) Co.Ltd(601696) in recent three years was 2.908 billion yuan, 3.244 billion yuan and 3.334 billion yuan respectively, and the net profit attributable to shareholders of listed companies was 798 million yuan, 883 million yuan and 962 million yuan respectively. The year-on-year growth of operating revenue and net profit in 2021 was 2.75% and 8.88% respectively.
The change of chairman and President of securities companies is very common, and there are not a few promoted internally. According to incomplete statistics, since the beginning of this year, Jin caijiu, former vice chairman of Changjiang Securities Company Limited(000783) has served as the chairman, Lu Weiming, former vice president of Orient Securities Company Limited(600958) has served as the president, and Xue Zhen, deputy secretary of Soochow Securities Co.Ltd(601555) Party committee, has served as the president. There are more personnel changes involving vice presidents and above. It has been reported that in 2021, there were at least 95 personnel changes involving senior executives above vice presidents, involving at least 35 securities companies.
