Financial Associated Press, September 8 (Reporter Gao Yanyun) Two years after the regulatory authorities took regulatory measures, Zhao Jun, the former president of Donghai Securities, was found to have more problems.
On September 7, the Changzhou Municipal Commission for Discipline Inspection and Supervision publicly reported five typical problems of violating the spirit of the eight central regulations, including Zhao Jun, former member of the party committee of Donghai Securities and former chairman of the East China Sea Fund, who illegally issued subsidies and accepted gift cards.
The public notice states that from 2013 to 2019, Zhao Jun, while serving as a member of the party committee, vice president and financial director, party secretary and president of Donghai Securities, twice illegally arbitraged funds and issued a total of 6.3 million yuan in subsidies; Before the Spring Festival and Mid-Autumn Festival, he received tobacco, alcohol and shopping cards from management and service recipients for a total of 67,200 yuan. Zhao Jun also has other serious problems of violating discipline and law. In December 2021, Zhao Jun resigned. In June 2022, Zhao Jun was expelled from the party and his suspected crimes were transferred to the procuratorate for review and prosecution in accordance with law.
At present, Donghai Securities is experiencing "nirvana rebirth".
At the beginning of 2021, the company's new president Yin Jianhua and compliance director Ma Yun took office, both of whom have regulatory backgrounds, and the adjustment of senior management began. As a result, the company's performance has improved greatly, and in the context of the weak performance of the securities industry in the first half of the year, the company achieved revenue of 798 million yuan in the first half of the year, an increase of 22.82% year-on-year; Achieved a net profit attributable to the shareholders of the listed company of 143 million yuan, an increase of 10.14% year-on-year.
Zhao Jun was once taken to supervise the conversation
Before Zhao Jun was publicly informed, he was taken by the local securities regulatory bureau to supervise the conversation.
On February 26, 2020, the Jiangsu Securities Regulatory Bureau issued the Decision on The Adoption of Regulatory Measures against Zhao Jun, and Zhao Jun was taken administrative supervision measures for regulatory talks.
After investigation, during zhao jun's tenure as the person in charge of the company, there were imperfect risk control systems and compliance management systems in the process of the company's asset management business development, and there was no diligence and responsibility in the process of individual business development, and the above problems violated the provisions of articles 3 and 7 of the "Measures for the Administration of Customer Asset Management Business of Securities Companies".
The above-mentioned punishment of the Jiangsu Securities Regulatory Bureau occurred after Zhao Jun left his position as president.
On January 15, 2020, the board of directors of Donghai Securities resolved that Zhao Jun would no longer serve as the president of the company and the acting compliance director and chief risk officer of the company.
Zhao Jun's position as chairman of the East China Sea Fund left office later, and the term of office was about 2 years. Zhao Jun has been the chairman of The East China Sea Fund since January 2020, and in December 2021, the East Sea Fund issued an announcement of the change of senior management, which showed that the company's former chairman Zhao Jun left due to personal health reasons.
According to the 2019 annual report of Donghai Securities, Zhao Jun, born in January 1970, is a master's student. He once served as a staff member of Changzhou Aircraft Factory Design Institute, a staff member of the Network Engineering Department of Changzhou Guoguang Office Automation Equipment Company, a manager and assistant general manager of the computer department of Changzhou Securities, a director, senior director, vice president and financial director of Orient Securities Co., Ltd., a vice president and financial director, vice president and acting president of Donghai Securities, a president of Donghai Securities from May 2016 to January 2020, and a staff director of the second board of directors of Donghai Securities from March 2017 to January 2020. From September 2019 to January 2020, he acted as the Company's Compliance Director and Chief Risk Officer.
The former chairman was also investigated
In recent years, represented by Zhao Jun's public notification, the adjustment of executives and corporate governance of Donghai Securities has gradually taken shape, and the earlier time is that Zhu Kemin, the former chairman of Donghai Securities, was investigated.
On July 18, 2019, Donghai Securities announced that the company's board of directors received the resignation report submitted by chairman Zhu Kemin on July 16, 2019, and the resignation took effect on July 16, 2019.
At that time, Donghai Securities revealed that on the evening of July 16, 2019, the company received a telephone notice from the Jiangsu Provincial Public Security Department, informing Zhu Kemin that he was currently in the stage of cooperating with the investigation.
A year later, Zhu Kemin's official disposition was further informed.
On July 31, 2020, the website of the Jiangsu Provincial Commission for Discipline Inspection showed that Zhu Kemin, the former chairman of Donghai Securities, was suspected of serious violations of discipline and laws and is currently under disciplinary review and supervision investigation.
Previously, Zhu Kemin, the former chairman of Donghai Securities, was suspected of serious violations of discipline and law and is currently under disciplinary review and supervision investigation.
In July 2021, China Discipline Inspection and Supervision Newspaper pointed out that the former chairman of Donghai Securities was investigated and punished for suspected crimes, leaving a risk-prone enterprise: there were almost no minutes of party committee meetings, the party's leadership was weakened or even missing, and party building and business were "two skins"; Internal management is chaotic, such bad practices as "eating a big pot of rice" and "not taking responsibility for accidents" prevail, and internal supervision is useless; The quality of important decisions is not high or even wrong, a number of projects have been "thundered" one after another, 8 warning letters issued by securities regulatory agencies have been continuously received, and the industry classification evaluation has been downgraded from BB level three to CC level, which directly affects the development of many businesses.
After the governance, the performance of Donghai Securities has improved significantly
During the disposal of the above two executives, the new president Yin Jianhua with regulatory background and the compliance director Ma Yun appeared one after another.
In May 2019, the Changzhou Municipal Party Committee appointed Qian Junwen as the secretary of the Party Committee of Donghai Securities and nominated him as the chairman of the board of directors of the company; On December 12, 2019, the official website of the Jiangsu Securities Regulatory Bureau showed that the Jiangsu Securities Regulatory Bureau has approved the qualifications of Qian Junwen, the current party secretary of Donghai Securities, to serve as the chairman of Donghai Securities.
Since March 2020, Ma Yun has served as the Compliance Director and Chief Risk Officer of Donghai Securities and a member of the Executive Committee of Donghai Securities since June 2020.
According to the 2020 annual report of Donghai Securities, Qian Junwen served as a clerk of the Daibu Court of Liyang Municipal Court, the secretary, deputy section chief, section chief and deputy director of the office of Liyang Municipal Government, the deputy director of the Liyang Local Taxation Bureau, the party group member, the director and the secretary of the party group, the vice mayor of Liyang Municipal Government, the director of the Department of Collection, Management and Science and Technology Division of the Local Taxation Bureau of Jiangsu Province, the secretary and director of the Party Group of the Changzhou Local Taxation Bureau of Jiangsu Province, the deputy secretary and deputy director of the Party Committee of the Changzhou Municipal Taxation Bureau of the State Administration of Taxation (at the level of director).
Ma Yun served as a fourth-level professional assistant, deputy director clerk, chief clerk and deputy director of the office of Jiangsu Securities Regulatory Bureau; Deputy Director and Researcher of the Accounting Supervision Department of Jiangsu Securities Regulatory Bureau; Researcher of Jiangsu Securities Regulatory Bureau Office; From June 2017 to January 2020, he served as a researcher and director of the Accounting Supervision Department of Jiangsu Securities Regulatory Bureau.
On July 22 this year, the website of the Changzhou Municipal Commission for Discipline Inspection announced that the Changzhou Municipal Commission for Discipline Inspection and Supervision appointed the Donghai Securities Discipline Inspection and Supervision Group to organize and convene a party committee for special study for the first time. Qian Junwen, secretary of the party committee of Donghai Securities, said that the party committee of the company will further improve its political position, take a clear stand to support and cooperate with the work of the discipline inspection and supervision team stationed there, and consciously accept the supervision of the station; Support the standardization, rule of law and regularization of the work of the resident institutions; Support the discipline inspection and supervision team dispatched to enforce discipline and law enforcement, and continue to create a good atmosphere in which the company has a clean and upright atmosphere, assumes responsibility, and starts a business. Make greater contributions to the "new journey of secondary entrepreneurship" and the realization of strategic goals of Donghai Securities.
After the governance, the performance of Donghai Securities has improved significantly. The 2022 semi-annual report of Donghai Securities shows that in the first half of this year, the company achieved revenue of 798 million yuan, an increase of 22.82% year-on-year; Achieved a net profit attributable to the shareholders of the listed company of 143 million yuan, an increase of 10.14% year-on-year.
The above performance of Donghai Securities far exceeds that of its peers. According to data from the China Securities Association, in the first half of this year, 140 securities companies achieved operating income of 205.919 billion yuan, down 11.61% year-on-year, and achieved a net profit of 81.195 billion yuan, down 10.16% year-on-year.
It is worth noting that an executive of Donghai Securities recently resigned from the company for "personal reasons".
On September 1, Donghai Securities issued an announcement that the company's board of directors received the resignation report submitted by Deputy General Manager Wang Jinsong on September 1, 2022, and the resignation took effect from September 1, 2022. Donghai Securities said that Wang Jinsong, as the former deputy general manager of the company, performed the duties of a member of the executive committee, and due to personal reasons, resigned from the company to perform the duties of the executive committee and no longer held any position in the company.
This article originated from Gao Yanyun, a reporter of the Financial Associated Press