China Fund News Chenxi
The financial anti-corruption continues to advance, and the cadres of major state-owned banks have been investigated!
On April 26, the official website of the Central Commission for Discipline Inspection and the State Supervision Commission announced that Guo Xingang, former Secretary of the Party Committee and President of the Zhejiang Branch of the Bank of China, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the State Supervision Commission in Bank of China and the Yichun Municipal Supervision Commission of Jiangxi Province.
According to public information, Guo Xingang has worked in Bank of China for many years, and has served as the president of the Gansu Provincial Branch and the President of the Zhejiang Provincial Branch.
Tianyancha information shows that the person in charge of the Zhejiang branch of the Bank of China was changed to Guo Xingang in April 2014 and to someone else in May 2020. During his tenure as President of Bank of China Zhejiang Branch, Guo Xingang led many teams to conduct external research and attend public events.
In June 2016, according to the official website of the former China Banking Regulatory Commission, the former Zhejiang Banking Regulatory Bureau imposed a fine of 7 million yuan on the Zhejiang branch of the Bank of China, and the main person in charge was Guo Xingang at that time, and the penalty date was August 2015.
On the basis of the case, after the implementation of the new interbank regulations, the branch still violated the rules by providing explicit or implicit guarantees for the purchase and resale and interbank investments, assuming substantial risks, and did not reflect them on the balance sheet or off-balance sheet.
In October 2017, the former Zhejiang Banking Regulatory Bureau fined Bank of China Zhejiang Branch another 800,000 yuan, involving serious imprudent personal housing mortgage loan business, the return of loan funds to bank acceptance draft deposit, and the flow of working capital loans into the stock market. In April 2018, Bank of China Zhejiang Branch was fined another 300,000 yuan for misappropriating personal consumption loan funds for house purchase, and the main person in charge at that time was still Guo Xingang.
It is worth mentioning that Guo Xingang also co-authored the book "532 Model of Commercial Banks: From Marketing to Review" as the second author, which was published in January this year.
The author's profile shows that Guo Xingang, EMBA of Xi'an Jiaotong University, member of the Communist Party of China, is currently the president of the Zhejiang Financial Industry Development Promotion Association, a distinguished senior researcher of the Institute of Financial Research of Zhejiang University, and a former secretary of the Party Committee and president of the Zhejiang Branch of the Bank of China.
According to public information, Zhejiang Financial Development Promotion Association is a non-profit social group legal person jointly composed of local legal person financial institutions in Zhejiang Province, financial institutions in Zhejiang, financial service enterprises, financial-related industry organizations, listed companies, intermediary institutions, etc., and the business supervisory unit is the Zhejiang Provincial Local Financial Supervision and Administration Bureau. Shen Renkang, chairman of Zheshang Bank, who was previously investigated, was the executive vice president of the Zhejiang Financial Development Promotion Association.
Recently, the mobilization meeting of the Ninth Central Inspection Group to inspect the work of the Party Committee of the Bank of China was held. Wang Xinzhe, head of the Ninth Central Inspection Group, pointed out that finance is the blood of the national economy, an important part of the country's core competitiveness, and has a bearing on the overall situation of Chinese-style modernization.
The central inspection team will keep a close eye on its powers and responsibilities, strengthen supervision over the "number one", and concentrate its efforts on strengthening inspections and rectifications. Adhere to the positioning of political inspections, accurately grasp the characteristics of financial units, perform functional responsibilities, promote high-quality development, prevent and resolve financial risks, promote structural reform of the financial supply side, promote comprehensive and strict governance of the party, strengthen the construction of leadership groups, cadre talent teams and grassroots party organizations, as well as the rectification of problems found in inspections and audits.
Editor: Captain
Review: Xu Wen