"Internet celebrity professor" Chen Chunhua resigned as an independent non-executive director of the Bank of China (hereinafter referred to as "BOC"), and recently stepped down as a professor at Peking University!
On 31 August, BOC issued an announcement on the resignation of an independent non-executive director, stating that the Board of Directors had received the resignation of Chen Chunhua, who resigned as an independent non-executive director of BOC, the chairman and member of the Board's Corporate Culture and Consumer Protection Committee, a member of the Strategic Development Committee, and a member of the Personnel and Remuneration Committee. The resignation is effective as of August 29.
Chen Chunhua, 58, has held a number of titles such as dean of the BiMBA Business School of the National Development Institute, visiting professor Wang Kuancheng of Peking University, and one of the 50 most influential business leaders, but since Huawei issued a statement on July 6 saying that it has nothing to do with Chen Chunhua, the "Internet celebrity professor" has been repeatedly caught in the storm of public opinion.
Since then, his doctoral degree and master's degree have been exposed to fraud. On August 3, Peking University issued a statement saying that the university's National Development Research Institute had received a resignation application from Professor Chen Chunhua. The School terminates its employment contract in accordance with the procedure.
An independent non-executive director of the BoC resigned at the end of August, namely Chen Chunhua, a "net red professor" who had recently resigned from Peking University.
On August 31, BOC issued an announcement on the resignation of an independent non-executive director, which showed that the bank's board of directors had received Chen Chunhua's resignation. In the announcement, bona fide thanked Chen Chunhua for its contributions during her tenure. According to the BOC's 2021 annual report, Chen Chunhua received a total of 500,000 yuan in pre-tax remuneration from the bank in 2021.
Since Huawei issued a statement 2 months ago saying that it has nothing to do with Professor Chen Chunhua, this "Internet celebrity professor" has repeatedly fallen into the whirlpool of public opinion.
According to public information, Chen Chunhua was born in 1964, 58 years old this year, received a bachelor's degree in engineering from the Department of Radio science from South China University of Technology in 1986, a master's degree in business administration from the Graduate School of Business Administration of the National University of Singapore in 2000, a doctorate in business administration from the European University of Ireland in 2001, and a postdoctoral fellow in business management from Nanjing University Business School in 2005. Co-founder of Zhimu and chairman of the board of directors of Xinhuadu Business School.
He was co-chairman and CEO of New Hope Liuhe Co., Ltd., a professor and doctoral supervisor at the School of Business Administration of South China University of Technology, and a visiting professor at the Business School of the National University of Singapore (suspended in July 2022). In 2015, 2016, 2017 and 2018, she was awarded the "25 Most Influential Female Business Leaders in China" by Fortune. In 2016 and 2019, he was awarded the "50 Most Influential Business Leaders in China" by Fortune. In 2018, he was awarded the "Annual Management Innovation Thinker" by Tsinghua Management Review.
On July 6, Huawei issued a statement saying that there were more than 10,000 exaggerated and interpreted Professor Chen Chunhua's interpretation and comments on Huawei on the Internet recently, repeatedly hyped, basically false information, Huawei received a lot of inquiries, so the official statement: Huawei has no relationship with Professor Chen Chunhua, Huawei does not understand her, she can not understand Huawei.
Since then, under the attention of public opinion, Chen Chunhua's personal resume has been dug deeply, and her doctorate degree obtained at a European university in Ireland has been questioned. According to reports, the European University of Ireland is not only one of the Irish universities accredited by the Chinese Ministry of Education, but even the Irish Ministry of Education has never recognized this school, it can be said that this university is a "degree factory", with no school buildings, no real teachers, and the diplomas issued are worthless.
Subsequently, Chen Chunhua's "MBA from the Graduate School of Business Administration at the National University of Singapore" was also questioned, and an alumnus who teaches at the National University of Singapore said that the school did not have a graduate school of business management at all. According to the official website of the National University of Singapore, the school has a total of 16 colleges, and there is indeed no "Graduate School of Business Management".
On August 3, Peking University issued a statement saying that recently, the school investigated the relevant situation of Professor Chen Chunhua. On August 3, the National Development Research Institute of the university received a resignation application from Professor Chen Chunhua. The School terminates its employment contract in accordance with the procedure.
Subsequently, Chen Chunhua posted "Chen Chunhua: An Open Letter" on her personal self-media account, publicly responding to public questions. The letter mainly expresses the following points:
1. In 2016, I met Ren Zhengfei and expressed regret and apologies for the troubles caused by the pirated institutions to false publicity and speculation. "We are all victims of this incident."
2. Doctoral degree is not certified. In 2016, he joined the National Institute of Development of Peking University, which was actively invited by the Peking University Development Institute, and has truthfully informed the doctorate that it has not been certified.
3. After careful consideration, it is decided that it will continue to adhere to its own positioning.
60-year-old board secretary Mei Feiqi retired
It is worth mentioning that not long ago, the secretary of the board of directors of the Bank of China, Mei Feiqi, also resigned due to age.
On 29 August, BOC issued an announcement on the resignation of the secretary of the board of directors and the secretary of the company, which showed that BOC received the resignation of Mefic, who no longer served as the secretary of the board of directors and company secretary of the bank due to his age, and that Mefic's resignation took effect when his resignation was delivered to the board of directors. In the announcement, bona fide thanked Mefic for its contributions to the bank during his tenure.
According to the Rules Governing the Listing of Shares on the Shanghai Stock Exchange, the chairman of the board of directors of bona fide shall act as the secretary of the board of directors of bona fide during the vacancy period. According to the BOC's 2021 annual report, Mei Feiqi received a pre-tax remuneration of 1.2026 million yuan from the bank in 2021.
According to public information, Mei Feiqi was born in 1962, 60 years old this year, graduated from Chengdu Institute of Geology (now Chengdu University of Technology), obtained a bachelor's degree, on-the-job graduate student, senior economist title. Before joining bank of China, Mei Feiqi worked in the Ministry of Geology and Mineral Resources and the General Office of the State Council.
Mei Feiqi joined Bank of China in 1998 and served as Vice President of BOC Beijing Branch, General Manager of Wealth Management and Private Banking Module of BOC Personal Finance Headquarters, and Director of BOC Office (Press Spokesperson). Since March 2018, Mefic has served as BOC's corporate secretary and since April as BOC's board secretary.
In February this year, Mei Feiqi published an article in China Finance Magazine on the high-quality development of listed commercial banks, discussing the policy background, assessment framework, existing problems, and future prospects. As early as when he was the general manager of the personal finance department of the Bank of China, Mei Feiqi also put forward the views of "treating private banking services as a service rather than marketing" and "the core of wealth management is product innovation" in terms of wealth management.
At present, the senior management members of BOC include Vice Chairman and President Liu Jin, Executive Director and Vice President Wang Wei, Executive Director and Vice President Lin Jingzhen, Vice President Chen Huaiyu and Wang Zhiheng, Vice Presidents Liu Jiandong, Chief Auditor Zhuo Chengwen, and Chief Information Officer Meng Qian.
On August 31, the Bank of China released its semi-annual report, which showed that the bank's total assets were 28.05 trillion yuan, an increase of 1.33 trillion yuan or 4.98% over the end of the previous year, and the total liabilities reached 25.6 trillion yuan, an increase of 1.24 trillion yuan from the end of the previous year, an increase of 5.07%. In the first half of the year, BOC achieved operating income of 313.254 billion yuan, an increase of 10.266 billion yuan, an increase of 3.39% year-on-year, and a net profit attributable to the mother of 119.924 billion yuan, an increase of 7.111 billion yuan, an increase of 6.3%. In terms of asset quality, the bank's non-performing loan ratio was 1.34%, the non-performing loan provision coverage ratio was 183.26%, and the capital adequacy ratio was 16.99%.
This article is from the President's Summary