After more than a decade at the helm, tang Shuangning, 63, officially bid farewell to China Everbright Group Co., Ltd. on December 12, 2017, and it took 11 years to complete the "long road of restructuring" of Everbright Group, and also opened the Era of Li Xiaopeng.
Tang Shuangning Oriental IC Data Map
Li Xiaopeng Oriental IC Data Chart
According to the update of the "Group Leadership" column on the official website of China Everbright Group on the afternoon of December 12, Li Xiaopeng, who was 58 years old and previously served as vice chairman, general manager and deputy secretary of the party committee of China Merchants Group, has been appointed as the secretary of the party committee of China Everbright Group Co., Ltd. According to the process, Li Xiaopeng will also serve as the chairman of Everbright Group. Previously, it was Tang Shuangning who held the above positions.
The retirement of Tang Shuangning, who is already 63 years old, has long been traced.
At the end of 2016, Tang Shuangning began to resign from his position in the subsidiaries of Everbright Group. On December 12, 2016, Everbright Holdings (0165. HK) and Everbright International (0257.HK) announced that Tang Shuangning would no longer concurrently serve as chairman of the board of directors and was transferred to the company as a non-executive director. In February this year, Tang Shuangning sent another letter to Everbright Securities Co., Ltd. (Everbright Securities, 601788.SH; 06178. HK) submits resignation.
After the completion of the above changes, the leadership team of Everbright Group will include Chairman Li Xiaopeng, Vice Chairman and General Manager Gao Yunlong, Supervisor Zhu Hongbo, and other 6 party committee members. Among them, Gao Yunlong has just been elected chairman of the new All-China Federation of Industry and Commerce.
Everbright Group has a complete range of financial business such as banking, securities, insurance, funds, asset management and futures, and at present, as a financial holding group with a full financial license, Everbright Group has Everbright Bank (601818. SH,06818.HK),Everbright Securities,Everbright Holdings,Everbright International,China Aircraft Leasing(01848.HK). HK), Everbright Water (U9E) and other listed companies. As the baton takeover, Li Xiaopeng's most important work at present is undoubtedly the overall listing.
Tang Shuangning: Ten years ago, he was ordered to parachute into Guangda
Born in October 1954 in Beizhen County, Liaoning Province, Tang Shuangning graduated from university and worked at the grassroots level of CCB for 14 years, and in 1997 he was transferred to Chinese Bank as the director of the Credit Management Department. When the China Banking Regulatory Commission was established in 2003, he served as vice chairman and party committee member of the China Banking Regulatory Commission.
In June 2007, 53-year-old Tang Shuangning was ordered to parachute into Everbright Group, facing what he later called "the most typical and complex case in the history of mergers and acquisitions in China and even in the world" - the reform and restructuring of Everbright Bank and Everbright Group. In the 11-year reform and reorganization history of Everbright Group since 2003, 2007 is considered to be a "decisive moment" for Everbright.
As a state-owned mega-enterprise group with finance as its main business, Everbright Group was founded in 1983 as "Tsinghua Unigroup Industrial Co., Ltd.", specializing in foreign trade and industrial investment, and together with CITIC Group, it is regarded as the window and bridgehead of China's early reform and opening up. In 1984, Tsinghua Unigroup changed its name to China Everbright Group Co., Ltd., which is still headquartered in Hong Kong. In 1990, China Everbright Group Corporation (Beijing) was established, and China Everbright Group Co., Ltd. was renamed China Everbright Group Corporation (Hong Kong) accordingly, and Beijing and Hong Kong headquarters were not subordinate to each other.
In the 1990s, Everbright Group suffered a blow for speculating on improper investment in futures exchange; in 2003, when the four state-owned commercial banks launched restructuring, Everbright Group also began to consider restructuring. In January of the following year, Everbright Group, which was on the verge of bankruptcy, reported to the State Council its insolvency and the capital adequacy ratio of Everbright Bank.
On August 5, 2007, less than two months after his transfer to Everbright Group, the reform and restructuring plan of Everbright Group, which lasted for three years and 8 months, was approved, and the State Council agreed that Central Huijin Company injected 20 billion yuan into Everbright Bank to help it carry out financial restructuring. Huijin holds 20 billion shares of Everbright Bank at a price of 1 yuan per share, accounting for 70.88% of its total share capital. Huijin's capital injection has solved the biggest problem of Everbright Bank's restructuring and listing.
After the completion of Huijin's capital injection, the IPO of Everbright Bank entered a comprehensive sprint stage.
In June 2008, Moonlight Bank initially submitted an A-share listing application to the Csrc, but due to the outbreak of the global financial crisis, it shelved its IPO plan. Before the end of April 2010, Everbright Bank once again updated its declaration materials to the CSRC. Four months later, Everbright Bank was listed on the Shanghai Stock Exchange in August 2010.
"From 2007 to 2010, we were in a 'rescue' stage, marked by the listing of Everbright Bank, and Everbright Group achieved a comeback." Tang Shuangning said this in an interview with the media earlier.
From 2010 to the end of 2014, Everbright Group entered the "rehabilitation" stage as Tang Shuangning called, completed the reform and reorganization of Everbright Group, realized the group's equity straightening of its subsidiaries, consolidated statements of full caliber, and solved all historical problems. Since 2015, when Everbright Group entered the world's top 500, Everbright Group entered the stage of "strengthening the body" as Tang Shuangning called.
In addition to the identity of a financier, Tang Shuangning's extensive hobbies are also well known, among them, calligraphy, poetry, prose, Yang Lian, etc. are called "hobbies" by Tang Shuangning, but the industry has a high evaluation of its wild grass, and his wild grass works have been exhibited in the National Museum, the National Art Museum of China, Rong Baozhai and Japan, the United States and other places, and are collected by many museums such as the National Museum of China and the Military Museum, and have been published in special collections.
Successor Li Xiaopeng's task list: Everbright Group as a whole listed
As Everbright Group completed the last mile of 11 years of restructuring and reform in 2014, one of the most important tasks facing li Xiaopeng, the baton, is undoubtedly the overall listing of Everbright Group.
Li Xiaopeng's financial career is equally rich, covering commercial banks, sovereign wealth funds and China Merchants Group, which also has banking, securities, fund management, insurance and insurance brokerage financial businesses.
Li Xiaopeng, born in 1959, previously partnered with Li Jianhong and co-managed China Merchants Group for more than three years. In July 2014, Li Xiaopeng was transferred from the post of Supervisor of China Investment Co., Ltd. to China Merchants Group as the general manager of China Merchants Group, before that, Li Xiaopeng worked in ICBC for a long time, successively serving as Vice President of ICBC Henan Branch, General Manager of Business Department of ICBC, President of Sichuan Branch, President of Beijing Branch, etc., Vice President of ICBC since September 2004, Vice President of ICBC since October 2010, and Executive Director of ICBC since October 2010. In May 2013, Li Xiaopeng was appointed as the chairman of the board of supervisors of CIC.
Under tang shuangning's helm, the reform and reorganization of Everbright Group, which lasted for 11 years, was completed in December 2014, and for Li Xiaopeng, the task of listing the group as a whole was already in front of him.
With the approval of the State Council, China Everbright Group Co., Ltd. was formally established in Beijing on December 8, 2014, and China Everbright (Group) Corporation was restructured from a "wholly state-owned enterprise" to a "joint-stock company" and renamed "China Everbright Group Co., Ltd." In terms of shareholding, the Ministry of Finance holds 44.33% of the shares, and Huijin Company holds 55.67%. After the restructuring, China Everbright Group Co., Ltd. will inherit all the assets, liabilities, institutions and personnel of China Everbright (Group) Corporation (including overseas branches).
At that time, Tang Shuangning said that Everbright Group would aim to build a "first-class financial holding group with outstanding focus, sufficient capital, strict internal control, scientific management, not only in line with international standards, but also with Chinese characteristics", introduce strategic investors in a timely manner, and choose the opportunity to list as a whole.
As of the end of 2016, the total assets of China Everbright Group reached 4.4 trillion yuan, an increase of 25% over the beginning of the year; net assets reached 360 billion yuan, an increase of 12%; and the total profit achieved was 54.2 billion yuan. At the annual work conference held at the beginning of this year, Everbright Group proposed to complete the group's introduction of strategic investors as soon as possible.