CFIC Introduction
Original title: "Optimist" Liu Jun took up the new ICBC
The reporter learned from the Industrial and Commercial Bank of China that on the morning of April 30, the main responsible comrades of the relevant cadre bureaus of the Organization Department of the CPC Central Committee attended a meeting of cadres of the Industrial and Commercial Bank of China and announced the decision of the Central Committee: Comrade Liu Jun was appointed deputy secretary of the Party Committee of the Industrial and Commercial Bank of China.
It is understood that after completing the relevant process, Liu Jun is expected to take up the post of president of ICBC. Prior to this appointment, Liu Jun served as Deputy Secretary of the Party Committee, Vice Chairman and President of Bank of Communications.
ICBC has recently ushered in a series of personnel changes. Just last night, ICBC announced that it had decided to appoint Zhang Shouchuan as the bank's vice president. Zhang Shouchuan was the Secretary of the Party Committee and President of the Bank of China Shanghai Branch.
After the completion of the above-mentioned personnel adjustments, ICBC may form a leadership structure of "one principal and five deputies": President Liu Jun (to complete the relevant process), Vice Presidents Wang Jingwu, Zhang Weiwu, Duan Hongtao, Yao Mingde, Zhang Shouchuan (qualifications to be approved).
Jun Liu has extensive experience in the financial field. He describes himself as an optimist, and in September last year, at the 2023 ESG Global Leaders Conference, Liu Jun said, "As an optimist, I think the future may be better than today." ”
Experienced in the financial sector
According to public information, Liu Jun, born in 1972, is 52 years old and a native of Tongwei, Gansu. He graduated in 1989 with a bachelor's degree in finance from the School of Finance of Renmin University of Chinese, majoring in finance, with a doctorate in business administration and a senior economist. He also holds a Master of Business Administration degree from Northeastern State University in Oklahoma, USA, and a Doctor of Business Administration degree from the Hong Kong Polytechnic University.
Liu Jun served as Deputy Secretary of the Party Committee, Vice Chairman and President of Bank of Communications, Member of the Party Committee and Deputy General Manager of China Investment Corporation, Member of the Party Committee and Deputy General Manager of China Everbright Group Co., Ltd., and Vice President of China Everbright Bank.
After graduating with a bachelor's degree in 1993, Liu Jun joined Everbright Bank, which had just been established for one year, and started as a foreign exchange trader in the international business department, and successively served as assistant to the general manager of the international business department of Everbright Bank, chief representative of the Hong Kong representative office, general manager of the treasury department, general manager of the investment banking department, general manager of the financial market center, member of the party committee and assistant to the president of Everbright Bank.
Liu Jun has been a member of the Party Committee and Assistant to the President of China Everbright Bank since September 2009. In 2010, at the age of 38, Liu Jun became the youngest vice president of China Everbright Bank as a member of the Party Committee, Vice President, Deputy Secretary of the Party Committee of the head office, and Secretary of the Party Committee and President (concurrently) of the Shanghai Branch. Since July 2014, Liu Jun has served as Executive Director, Deputy General Manager and Member of the Party Committee of China Everbright (Group) Corporation, in October 2016, Deputy General Manager of China Investment Corporation Limited, and since May 2020, he has been the Deputy Secretary of the Party Committee, Vice Chairman and President of Bank of Communications, making him the first "post-70s" president of a major state-owned bank at that time.
The reporter learned that insiders of Bank of Communications and Everbright Group have a high evaluation of Liu Jun. He is fluent in English and speaks easily in public forums with people from international financial regulators, financial institutions, and economists. A person from the Bank of Communications who is familiar with Liu Jun commented on the reporter, he has an international vision, a strategic sense, and can be down-to-earth.
According to public information, Liu Jun is most concerned about the development of science and technology and international financial governance, and cutting-edge content such as financial crisis, financial digitalization, sustainable development, and even quantum entanglement are the directions of his attention.
Liu Jun is diligent and dedicated. In an interview with the media in his early years, he said: "After joining Everbright Bank, I have never taken a vacation, I went to the bank at 7 o'clock in the morning, never took a lunch break, ate at 12 o'clock, read books before 1:30 o'clock, and arrived home at 10 o'clock in the evening, which has never changed over the years." ”
Scholar-type president
Many people in the industry commented that Liu Jun has a distinctive economist style.
Liu Jun is the author of books such as "Atypical and Unequilibrium of the New Economic Paradigm", "Financial Balance", and "Internationalization of China's Economy and Finance", and he has also published dozens of articles in journals such as "Economic Research", "Financial Research", and "Caijing".
The reporter learned that Liu Jun's main research directions include economic cycle, monetary policy, industrial structure, financial innovation, financial technology, etc., and the research methods are both practical and problem-oriented, and organically connected with the macro theoretical framework, uphold the spirit of skepticism and eclectic academic style, critically inherit the classic theories of economics, and interpret the new economy from a new perspective.
The book "Atypical and Unbalanced in the New Economic Paradigm" is the result of Liu Jun's years of painstaking theoretical and practical research. The book runs through with "change", stringing together the hot spots, doubts and difficulties in the operation of the economy, finance and market.
Liu Jun delivered a speech as an outstanding alumni representative at the 2019 National People's University Finance Graduation Ceremony. Combined with his own experience and research results, he shared the professional accomplishment and family and country feelings that a financial person should have in the process of employment. In the above activities, Liu Jun has a lot of golden sentences that are impressive: "Doing the right thing is always more important than doing it correctly, because the former is the value, the latter is the methodology", "Let rational judgment become the navigator to choose at a critical time" and so on.
Liu Jun particularly emphasized the need to reshape core competitiveness in the digital era. He said that in the digital era, technology is not just a catalyst or enabler, science and technology is everything, and the role of science and technology as the primary productive force is accelerating, especially for finance. It is difficult to say whether the nature of fintech has changed, or whether technology has changed the nature of finance, but the finance of today is not the finance of the past. Technology not only reshapes the infrastructure and logical framework of finance, but also redefines the production and delivery methods of financial products and services. Therefore, it is necessary to have data thinking and scientific perspective, based on data, "no data, no voice".
For the first time, Bank of Communications was selected as a global systemically important bank
Bank of Communications is a "century-old store". During Liu Jun's tenure at the Bank of Communications, the operation of the Bank of Communications was stable and improving, and there were many bright spots.
In 2023, BOCOM will achieve operating income of 257.595 billion yuan and net profit attributable to the parent company of 92.728 billion yuan, both of which will achieve positive year-on-year growth. Bank of Communications was also selected as a global systemically important bank for the first time.
"At present, the asset quality soil under our feet is relatively solid. Liu Jun said at this year's results conference that in the past three years, the Bank of Communications has implemented a three-year asset quality battle, and 2023 is the year of asset quality consolidation for the Bank of Communications. In the past four years, BOCOM has maintained a better asset quality and relatively stable financial profits, and even outpaced the profit growth rate above the average market speed.
Looking forward to 2024, he wrote in his annual report speech that it is necessary to gain insight into the times and trends, and stabilize profitability in a dynamic balance of stability and progress. "In the face of new changes in the economic situation at home and abroad, only by making precise efforts to adjust the structure, promote transformation and increase efficiency, and stimulate the potential energy of steady development with the kinetic energy of forging ahead, can we achieve a benign interaction of stability and progress. ”
In the first quarter of 2024 report recently disclosed by major state-owned banks, Bank of Communications is the only major bank that has achieved an increase in net profit growth. In the first quarter, the net profit attributable to the parent company of Bank of Communications was 24.988 billion yuan, a year-on-year increase of 1.44%.
The Bank of Communications also announced that it intends to implement interim dividends this year. From 2008 to 2010, BOCOM was the first listed bank to implement interim dividends for three consecutive years.
Liu Jun is also the winner of the 2012 "Shanghai Financier". At the home stadium of Shanghai, where the headquarters of the Bank of Communications is located, Liu Jun is very concerned about the construction of the Shanghai International Financial Center, and he believes that "the 'soul' of the Shanghai International Financial Center is openness, a higher level of openness, and the blood is the RMB." In March last year, he said that based on the high-quality development of China's economy and the promotion of high-level opening up, it will attract more foreign financial institutions and more international financial talents to gather in Shanghai and Pudong, and jointly contribute to the development of Lujiazui Financial City. As the core carrying area of Shanghai's international financial center, Lujiazui Financial City has demonstrated its unique advantages and vigorous potential to build a core functional area of a global asset management center.
ICBC has frequent personnel adjustments
Since the beginning of this year, ICBC has made frequent personnel adjustments.
On February 1, ICBC issued an announcement on the resolution of the board of directors, stating that the bank deliberated and passed the proposal on electing Liao Lin as the chairman of ICBC. On February 19, ICBC announced that Liao Lin's tenure as chairman of the bank had taken effect.
On February 29, the announcement of the resolution of the board of directors of ICBC showed that it decided to appoint Yao Mingde as the vice president of the bank. On March 26, ICBC announced that the State Administration of Financial Supervision and Administration had approved Yao Mingde's qualifications to serve as the bank's vice president. Prior to this appointment, Yao Mingde served as the president of the Shenzhen branch of the Agricultural Bank of China.
Just last night, the announcement of the resolution of the board of directors of the Industrial and Commercial Bank of China showed that it was decided to appoint Zhang Shouchuan as the vice president of the bank. After the appointment is deliberated and approved by the board of directors, it shall be submitted to the State Administration of Financial Supervision and Administration for approval. At the same time, Guan Xueqing, secretary of the board of directors of ICBC, submitted his resignation to the bank on April 29 due to his age, resigning from the positions of secretary of the board of directors and company secretary.
After the completion of the above-mentioned personnel adjustments, ICBC may form a leadership team structure of "one principal and five deputies": President Liu Jun (to complete the relevant process), Vice Presidents Wang Jingwu, Zhang Weiwu, Duan Hongtao, Yao Mingde, Zhang Shouchuan (qualifications to be approved).
ICBC is a veritable "cosmic bank", with assets exceeding 47 trillion yuan. According to the first quarter report of 2024 released by ICBC on the evening of the 29th, as of the end of the reporting period, ICBC's total assets were 47.6 trillion yuan, an increase of 2,902.948 billion yuan or 6.49% from the end of the previous year. The total amount of customer loans and advances (excluding accrued interest) was 27,370.16 billion yuan, an increase of 1,283.678 billion yuan, an increase of 4.92%. The total liabilities were 43.72 trillion yuan, an increase of 2,802.921 billion yuan or 6.85% over the end of the previous year.
Source of this article: Shanghai Securities News, China Securities Network
Author: Chang Peiqi
WeChat editor: Guan Qiao
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