Unveiled the curious story of the Bank of China, the anecdote of former chairman Liu Liange

Chinese literature is as bright as the stars, but one of the most well-known literary works of modern Chinese is Qinyuan Chun.

A song of Changsha, a song of snow, a song of reminiscence of the past, and a song of looking at the present and the dynasty.

During the revolutionary years, hundreds of boats competed, and later people competed to follow suit.

This is how Liu Liange, the former chairman of the Bank of China, changed from Liu Liange.

On the first working day after the National Day holiday, on October 7, Liu Liange was double-opened.

This former "number one" of the Bank of China has had a smooth career for half of his life, and has also set a good story and record for four years of triple jump.

Unfortunately, the expensive price attached to the gift of fate finally began to be placed in front of him in October 2021.

From October to December 2021, the central inspection team inspected the Export-Import Bank of China. Liu Liange served in Kou Bank for 11 years and served as president for three years.

Subsequently, on February 17, 2023, Liu Liange was removed from the post of party secretary of BOC, and resigned as chairman of BOC one month later.

On the eve of his dismissal, Liu Liange was originally on a business trip, but was suddenly recalled to talk. Caixin, one of the best financial media in Chinese, reported that when he heard that he was exempted, he "choked on the spot, covered his face and cried when he returned."

In fact, people who pay attention to the financial circles are even known for a long time: the current deputy ministerial-level financial leader has "failed" the 20th Central Committee and alternate members of the financial system, as well as the new people's congress deputies or members of the Chinese People's Political Consultative Conference.

On March 31, Liu Liange officially announced that he had been investigated, and his boots landed.

The first financial "big tiger" who fell in 2023, Liu Liange and many financial executives generally have outstanding academic qualifications.

His classmates occupy high positions in China's financial world, and the fate of a few of them is strikingly similar.

Luo Xi, a classmate of the Graduate School Department of the Central Bank (Tsinghua Wudaokou) and the former chairman of Chinese Insurance Group, was dismissed from his post on the same day.

On May 4, Liu Liange's graduate classmate Zhu Congjiu fell from the horse.

On June 21, Wan Feng, a classmate of Liu Liange's Jilin University of Finance and Trade (now Jilin University of Finance and Economics), fell from office.

Wan Feng was the former president of Chinese Life Insurance and the former chairman of Xinhua Life Insurance Co., Ltd.

Not to mention the other two classmates who have long been dismissed, Zhang Yujun, former assistant to the chairman of the China Securities Regulatory Commission, and Dai Zhikang, former chairman of Zendai Investment Group.

Not only that, according to incomplete statistics, there are no less than ten leaders of the Export-Import Bank of China and the Bank of China that Liu Liange worked for, and who had work intersections with them and were later dealt with.

This seems to fully verify the "serious damage to the political ecology of the unit" mentioned in the official circular.

Liu Liange's violations of discipline are listed as eight aspects, of which "abandoning the responsibility of financial risk prevention and control, wantonly meddling in credit projects in violation of laws and regulations, illegally issuing loans, and causing major financial risks" deserves special attention.

The rumors that his private life is very chaotic are also confirmed by the organization's four-character comment on "moral corruption".

The incestuous history of a small number of feudal royal families in ancient times, and the confusing speech of "your father rushed to make me your stepmother" on the Internet, actually became a reality in Liu Liange and his son's ex-girlfriend and his fourth wife.

Liu Liange's "major financial risks" obviously caused major losses to state-owned assets and, of course, also had a major impact on the units under his responsibility.

The Bank of China, which Liu has been in charge for five years, has been dealt with by the relevant authorities many times for violations of laws and regulations.

On February 17, the former China Banking and Insurance Regulatory Commission (CBIRC) found that Bank of China had misappropriated loan funds, untrue statistical data, and irregular review procedures for major related-party transactions. Accordingly, the head office and the branch were fined 16 million yuan and 16.8 million yuan respectively, and the two responsible personnel were warned separately.

And Liu Liange's career shocked the world event is the "crude oil treasure" in October 2020.

On December 6, 2020, the China Banking and Insurance Regulatory Commission fined Bank of China 50.5 million yuan. Violations of laws and regulations related to the risk events of "crude oil treasure" products mainly include product management irregularities; Imprudent risk management and imperfect internal control management; Sales management non-compliance and so on.

Even as Bank of China has welcomed a new executive team, it is trying to neutralize Liu's negative impact. But there is no doubt that this requires a certain period of time or even partial ecological reconstruction.

For the Bank of China, a state-owned bank with a history of more than 100 years, it is just a gust of wind and dust.

Bank of China is the only bank in China that has been in continuous operation for more than 100 years, and it is also the most international and diversified bank in China.

The tiger is better than the past, and the world is turned upside down.

A bank approved by Sun Yat-sen, the forerunner of China's democratic revolution, the Bank of China was established in Shanghai in 1912 and then performed the functions of central bank until 1928. From 1928 to 1942, it was an international exchange bank chartered by the government. 1942-1949 Specialized Bank for International Trade. During the New China period, it has long been a national foreign exchange and foreign trade professional bank. He also served as a banknote issuing bank in Hong Kong and Macau.

At the founding ceremony, six seniors of BOC attended the ceremony, including He Xiangning, who was the chief supervisor of BOC, Chen Jiageng, the first official stock supervisor of BOC, and Mr. Ma Yinchu, the chief executive of BOC.

In 2017, Bank of China became the only "Double Olympic Bank" in China.

The 2022 annual report shows that the number of shareholders of BOC will decrease in 2022, the growth of total assets will not be high, and it will not reach double digits among the four major banks of Industry and Agriculture Construction in China.

However, its net interest income grew at the highest rate of the four major banks. More industry insiders predict that the only one with good fundamentals among the four major banks this year is Bank of China.

Say what to say that the years are thick.

What kind of merry people to count.

If he could, no matter who it was, he would only want to compete for freedom with ten thousand frost heavens.

The price of freedom is higher, and autumn wins the spring dynasty.