China Merchants Bank Co.Ltd(600036) former party secretary and President Tian Huiyu is suspected of serious violation of discipline and law. At present, he is undergoing discipline review, supervision and investigation by the Central Commission for Discipline Inspection and the State Supervision Commission
detailed report
Tian Huiyu, former president of China Merchants Bank, was just checked!
Just now, according to the Central Commission for Discipline Inspection, Tian Huiyu, the former party secretary and President of China Merchants Bank Co.Ltd(600036) Party committee, is suspected of serious violation of discipline and law, and is currently undergoing discipline review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission.
On April 18, China Merchants Bank Co.Ltd(600036) opened down sharply, with the biggest decline of more than 8.6% at one time. In the afternoon of that day, China Merchants Bank Co.Ltd(600036) announced that the board of directors reviewed and approved the proposal on the removal of Mr. Tian Huiyu, and agreed to remove Tian Huiyu from the post of China Merchants Bank Co.Ltd(600036) president and director, with another appointment. It is agreed that Wang Liang will preside over the China Merchants Bank Co.Ltd(600036) work, which will take effect from the date of deliberation and approval by the board of directors.
According to the official website, Tian Huiyu has served as the president and executive director of China Merchants Bank since May 2013. Master of public administration from Columbia University, senior economist. From July 2003 to may 2013, he served successively as vice president of Bank Of Shanghai Co.Ltd(601229) Shanghai Branch, vice president of China Construction Bank Corporation(601939) Shanghai Branch, President of Shenzhen Branch, director of China China Construction Bank Corporation(601939) retail business and President of Beijing Branch.
The following is the resume:
From July 1998 to July 2003, he served as the vice president of China Xinda Asset Management Company Trust and investment company,
From July 2003 to December 2006, he served as Bank Of Shanghai Co.Ltd(601229) vice president,
From December 2006 to March 2011, he successively served as vice president of China Construction Bank Corporation(601939) Shanghai Branch, principal of Shenzhen Branch and President of Shenzhen Branch,
From March 2011 to may 2013, he served as the director of China China Construction Bank Corporation(601939) retail business and the main person in charge and President of Beijing Branch.
He joined the company in May 2013 and has been the president of the company since September 2013. He also serves as chairman of China Merchants Bank International, chairman of China Merchants Bank International Finance Co., Ltd. and vice chairman of China Merchants Union consumer finance Co., Ltd.
On April 8 this year, China Merchants Bank Co.Ltd(600036) ushered in its 35th birthday. President Tian Huiyu delivered a speech at the cloud ceremony. Tian Huiyu said that over the past 35 years, in line with the trend of the times and the changes in customer needs, CMB has “changed due to you and the trend”, and its service capability and service model have evolved continuously; Times are changing and customer needs are changing, but the value of “customer-centered and creating value for customers” of CMB has always remained unchanged.
“Fundamentally speaking, CMB can achieve all its achievements today, and all the passwords are hidden in our team of 100000 employees,” Tian Huiyu stressed. This team of 100000 employees is the greatest confidence that CMB can cross the rough waves in the future!
In March this year, China Merchants Bank Co.Ltd(600036) released the annual report for 2021. Revenue and net profit increased again, with a year-on-year increase in net profit reaching a six-year high.
During the reporting period, the bank (Group caliber) achieved an operating revenue of 331253 billion yuan, a year-on-year increase of 14.04%; The net profit attributable to the bank’s shareholders was 119922 billion yuan, a year-on-year increase of 23.20%; The non-performing loan ratio returned below 1%, while the provision coverage increased to 483.87%.
During the reporting period, China Merchants Bank achieved a net interest income of 203919 billion yuan in 2021, a year-on-year increase of 10.21%; Net non interest income was 127488 billion yuan, a year-on-year increase of 21.13%; Net interest income accounted for 61.53%, and net non interest income accounted for 38.47%, an increase of 2.14 percentage points year-on-year.
By business, during the reporting period, the pre tax profit of China Merchants Bank’s retail financial business was 76.949 billion yuan, a year-on-year increase of 21.07%; The operating revenue of retail financial business was 177319 billion yuan, a year-on-year increase of 14.32%, accounting for 58.35% of the bank’s operating revenue.
According to the report, in 2021, China Merchants Bank Co.Ltd(600036) achieved large wealth management revenue of 52.130 billion yuan, an increase of 33.91%, accounting for nearly 16% of the net operating income.
By the end of 2021, the bank had 173 million retail customers (including debit and credit card customers), and the total asset balance (AUM) of retail customers under management was 10759170 billion yuan, an increase of 20.33% over the end of the previous year, and the growth rate reached a new high in recent six years; There were 122064 private banking customers, an increase of 22.09% over the end of the previous year. The total assets of private banking customers under management were 3393904 billion yuan, an increase of 22.32% over the end of the previous year. The scale ranked first in the industry. (source: China Fund News)
latest announcement
China Merchants Bank Co.Ltd(600036) : at present, Wang Liang, executive vice president, presides over the work, and the operation and management of the company is normal
China Merchants Bank Co.Ltd(600036) 4 announced on April 22 that according to the information disclosed on the website of the State Supervision Commission of the Central Commission for Discipline Inspection on April 22, 2022, Tian Huiyu, former Secretary of the Party committee and President of the company, is suspected of serious violation of discipline and law, and is currently undergoing discipline review, supervision and investigation by the State Supervision Commission of the Central Commission for Discipline Inspection. At present, Wang Liang, executive vice president of the company, presides over the China Merchants Bank Co.Ltd(600036) work, and the operation and management of the company operates normally. The company has no undisclosed information that should be disclosed. (source: Daily Economic News)
