The president of a major state owned bank, resign!

Mondo Finance Updated on 2024-01-31

Author丨Li Yuan.

Editor丨Zhou Pengfeng.

Figure source丨Figure worm.

On December 26, the Agricultural Bank of China (601288SH) convened the board of directors to deliberate a number of personnel-related proposals, including "nominating Mr. Gu Shu as a candidate for executive director of Agricultural Bank of China and electing Mr. Gu Shu to continue to hold relevant positions on the board of directors", "Mr. Gu Shu, chairman of Agricultural Bank of China Co., Ltd., to perform the duties of president on his behalf", "Mr. Wu Gang to perform the duties of secretary of the board of directors of Agricultural Bank of China Co., Ltd.", etc.

According to the 2022 annual report of Agricultural Bank of China, Gu Shu's tenure of chairman and executive director will start and end from January 2021 to January 2024, and the starting time of his tenure is specifically as an executive director of the bank in January 2021 and as chairman and executive director of the bank since February 2021. According to the announcement, the meeting also agreed to elect Gu Shu to continue to serve as the chairman of the board of directors and the chairman and member of the board of directors' strategic planning and sustainable development committee after his re-election as executive director was reviewed and approved by the general meeting of shareholders. This means that Gu Shu will continue to serve as the chairman of the bank, among other positions.

Gu Shu's appointment as an executive director of the Bank is subject to the approval of the general meeting of shareholders, and the term of office of the director is three years, starting from the date of approval by the general meeting of shareholders. The announcement reads.

The reason why Gu Shu performed the duties of president on his behalf was that due to work adjustments, Fu Wanjun requested to resign from his posts as vice chairman, executive director, and president of the Agricultural Bank of China. On December 26, the Ministry of Human Resources and Social Security released the information on the appointment and dismissal of state workers, showing that Fu Wanjun was appointed deputy director of the State Administration of Financial Supervision.

During his tenure with the Bank, Mr. Fu Wanjun is fully dedicated, pragmatic and enterprising, efficient in the implementation of strategies, actively promoting the transformation and development of business operations, and continuously strengthening risk and compliance control, all of which have been fruitful, and the Board of Directors of the Bank would like to express its heartfelt gratitude to Mr. Fu Wanjun for his outstanding contributions to the development of the Bank. The announcement reads.

Another announcement showsDue to work adjustments,Han Qiang requested to resign as secretary of the board of directors and company secretary of the Agricultural Bank of China. According to the 21st Century Business Herald reporter, Han Qiang has been appointed as the secretary of the Party Committee of the Shanghai Branch of the Agricultural Bank of China, and the position of president will be officially assumed after the approval of the financial regulatory department.

The Board of Directors of the Bank would like to express its heartfelt gratitude to Mr. Han Keong for his significant contributions to the development of the Bank during his tenure. The announcement also shows that the bank will appoint a new secretary of the board of directors as soon as possible in accordance with laws and regulations and the relevant provisions of the articles of association, and during the vacancy of the secretary of the board of directors of the bank, Wu Gang, the chief risk officer of the bank, will act as the secretary of the board of directors.

Fu Wanjun was appointed deputy director of the State Administration of Financial Regulation

Just one year after he became president of the Agricultural Bank of China from the president of China Everbright Bank, Fu Wanjun's position was adjusted again, replacing Cao Yu, who retired a few days ago, as deputy director of the State Administration of Financial Supervision.

According to the 21st Century Business Herald reporter, Fu Wanjun has been appointed as a member of the Party Committee of the State Administration of Financial Supervision in early December, and has clarified the areas in charge, but there are differences compared with the previous areas in charge of Cao Yu.

According to the resume, Cao Yu was born in November 1963, just turned 60 years old, and has served as the former vice chairman of the China Banking Regulatory Commission since 2014, and later served as the former vice chairman of the China Banking and Insurance Regulatory Commission and the deputy director of the State Administration of Financial Regulation. On December 8, the Ministry of Human Resources and Social Security issued a statement on the appointment and dismissal of state workers, removing Cao Yu from the post of deputy director of the State Administration of Financial Supervision and Administration.

Fu Wanjun's appointment as deputy director of the State Administration of Financial Supervision is also the first personnel change at the leadership level since the establishment of the State Administration of Financial Supervision in May this year.

According to the resume, Fu Wanjun was born in March 1968 and has worked in Bank of Communications for many years, serving as Deputy General Manager of Everbright Group since March 2019 and Executive Director of Everbright Group and President of Everbright Bank since June 2021. On November 14, 2022, the board of directors of Agricultural Bank of China issued a notice of meeting, and a meeting was held on December 2, 2022 to pass the proposal of "appointing Mr. Fu Wanjun as the president of Agricultural Bank of China".

Similar to Zhang Qingsong, the former president of the Agricultural Bank of China, Fu Wanjun also took up his post in the financial management department for the first time after working in a financial institution for many years. Zhang Qingsong is currently the Deputy Governor of the People's Bank of China.

It is worth noting that during his tenure in Everbright Group and Everbright Bank, Fu Wanjun and Wang Jiang had work intersections. From March 2022 to May 2023, Wang Jiang served as the chairman of Everbright Group, and from August 2022 to November 2023, he served as the chairman of Everbright Bank. After stepping down as chairman of Everbright Group in May this year, Wang Jiang served as the deputy director in charge of the daily work of the Office of the Financial Commission, and his latest position is also the deputy secretary of the Financial Commission in charge of daily work.

Inclusive finance is one of the "five major articles" put forward by the ** Financial Work Conference. In November this year, Fu Wanjun pointed out in the article "Striving to Explore the Road to Sustainable Development of Inclusive Finance" that after ten years of development, China's inclusive finance has painted a historical picture from taking root, to thriving, and then to rapid development. The development of inclusive finance is a systematic project, which requires the cooperation of all parties in society, and financial institutions should stick to their original aspirations, strengthen their confidence, and consistently promote the high-quality development of inclusive finance. The first is to adhere to the supremacy of the people and continuously expand the breadth and depth of inclusive financial servicesThe second is to adhere to the digital path and promote the coordinated development of online and offlineThe third is to adhere to a balanced and orderly approach and build an inclusive financial supply systemFourth, adhere to the system concept and focus on the integrated development of key areasFifth, adhere to overall planning and coordination, and strengthen the support of the inclusive financial policy environment.

At present, the leaders of the State Administration of Financial Supervision include Li Yunze, director of the bureau (September 1970), Zhou Liang (October 1971), Xiao Yuanqi (April 1966), Cong Cong (June 1969), Wang Lujin, head of the discipline inspection and supervision team of the Commission for Discipline Inspection and the State Supervision Commission in the State Administration of Financial Supervision, and Fu Wanjun, the new deputy director.

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Editor: Liu Xueying, intern: Tan Yahan.

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