On November 10, the Central Commission for Discipline Inspection forwarded the news from the Sichuan Provincial Commission for Discipline Inspection: Wang Ting, director and deputy general manager of Sichuan Financial Holding Group Co., Ltd., is suspected of serious violations of discipline and law and is currently under disciplinary review and supervision and investigation.
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According to the official resume, Wang Ting was born in April 1962 and has a bachelor's degree from a working university. After joining the work in 1980, he worked in the central bank system for many years, and served as a member of the party committee and vice president of the Ya'an Central Branch of the Chinese Bank, deputy secretary of the party committee, vice president, party secretary and president. In 2003, he transferred to the former CBRC system and served as the party secretary and director of the Ya'an CBRC Branch.
In 2006, Wang Ting left the CBRC system and came to sichuan rural credit cooperatives ("Sichuan Rural Credit Union"). Until May 2020, he has worked in the Sichuan Rural Credit Union for 14 years, and has successively served as a member of the party committee, deputy director and vice chairman of the Sichuan Rural Credit Union.
In May this year, Wang Ting was transferred to sichuan financial holding group co., LTD. ("Sichuan Financial Holdings") as a director and deputy general manager. Founded in February 2017 with a registered capital of 30 billion yuan, Sichuan Financial Holdings is the only provincial state-owned financial holding platform in Sichuan Province. Wang Ting worked as a director and deputy general manager of Sichuan Financial Holdings for less than half a year before being announced to be investigated.
Information from the official website of the Sichuan Provincial Government shows that the Sichuan Rural Credit Union undertakes the management, guidance, coordination and service functions of the rural credit cooperatives in the province, and is praised by the majority of farmers as "their own bank".
According to the official website of the China Banking and Insurance Regulatory Commission, during Wang Ting's tenure at the Sichuan Rural Credit Union, in July 2018, the Sichuan Rural Credit Union was fined 5,452,839,220 yuan by the Sichuan Regulatory Bureau of the CbRC for eight major violations of laws and regulations, and confiscated 54.716078 yuan of illegal gains.
The eight major problems of violation of laws and regulations include: illegal investment in the establishment of enterprises; appointment of senior executives without approval of job qualifications; illegal business activities of banking financial institutions; illegal approval of large loans from member institutions; excessive proportion of funds raised by interbank banks; failure to submit case (risk) information in accordance with regulations; staff members who concurrently serve as directors (managers) directors (managers) or other senior managers of rural commercial banks, rural credit cooperatives in violation of regulations; and defects in information technology risk management.
According to the Administrative Penalty Decision No. 25 [2018] of the Sichuan Bank Supervision and Punishment Zi, Wang Ting was directly responsible for the management of defects in the information technology risk management of Sichuan Provincial Associated Press and serious violations of prudent business rules during the performance of his duties, and was given a warning and fined 70,000 yuan.
After the CBRC's punishment, from August to September 2019, the Fifth Inspection Group of the Sichuan Provincial Party Committee inspected the Sichuan Rural Credit Union and found problems such as illegal lending, illegal shareholding for profit, illegal business and enterprise management, illegal procurement, and inadequate implementation of the financial and financial interactive reward and compensation policy.
Shortly after the end of the inspection, in May 2020, Wang Ting was transferred to sichuan financial holdings as a director and deputy general manager. In the same month, the second inspection team of the Sichuan Provincial Party Committee entered the Sichuan Rural Credit Union and launched a two-month inspection.
It is also worth noting that before Wang Ting was announced for investigation, his old colleague Cao Gang was investigated on September 7. Cao Gang worked for the Sichuan Rural Credit Union from 2006 until his retirement in 2018, where he served as director of the Credit Supervision Department, director of the Business Development Department, general manager of the Risk and Compliance Management Department, and director of the Case Prevention and Control Office.
Like Wang Ting, Cao Gang also received administrative penalties in 2018. According to the Administrative Penalty Decision No. 28 [2018] of the Sichuan Bank Supervision and Punishment Zi, it was directly responsible for the issuance of large loans by the Sichuan Provincial Federation of Cooperatives in violation of the substantive examination and approval of the member institutions, and serious violations of the prudent business rules, and was given a warning and fined 60,000 yuan.
Wang Ting's resume
Wang Ting, male, Han ethnicity, born in April 1962, Xingjing, Sichuan, bachelor degree in on-the-job university. He began his career in December 1980 and joined the Communist Party of China in April 1986.
From December 1980 to December 1985, he worked in the Asbestos County Branch of Chinese Bank;
From December 1985 to May 1988, he worked in the Planning Division of Ya'an Branch of Chinese Minmin Bank;
From May 1988 to December 1992, he served as the deputy director of the office of the Ya'an Branch of the State Administration of Foreign Exchange;
From December 1992 to December 1995, he served as the director of the office of the Ya'an Branch of the State Administration of Foreign Exchange;
From December 1995 to December 1998, he served as a member of the Party Group and Vice President of the Ya'an District Branch of Chinese Minmin Bank;
From December 1998 to August 2001, he served as a member of the Party Committee and Vice President of ya'an City Center Branch of Chinese Minmin Bank;
From August 2001 to December 2002, he served as Deputy Secretary of the Party Committee and Vice President of ya'an City Center Branch of Chinese Bank;
From December 2002 to December 2003, he served as The Party Secretary and President of the Ya'an Central Branch of the Chinese Bank, and the Director of the Ya'an Central Branch of the State Administration of Foreign Exchange;
From December 2003 to February 2004, he served as the head of the preparatory team of Ya'an Banking Regulatory Bureau;
From February 2004 to March 2006, he served as The Party Secretary and Director of the Ya'an Banking Regulatory Bureau;
From March 2006 to May 2020, he successively served as a member of the Party Committee, deputy director and vice chairman of the Sichuan Rural Credit Cooperative;
In May 2020, he served as a director and deputy general manager of Sichuan Financial Holding Group Co., Ltd.;
It was investigated in November 2020.
Beijing News reporter Wang Shu