Tian Huiyu was sentenced to a suspended death sentence in the first instance and has been in charge of China Merchants Bank for 9 years, and the amount involved in the case exceeds 500 million yuan
On February 5, 2024, the Intermediate People's Court of Changde City, Hunan Province, publicly pronounced the first-instance verdict on Tian Huiyu, former secretary of the Party committee and chairman of China Merchants Bank Co., Ltd., and personnel of state-owned enterprises abusing their powers, using undisclosed information to trade, abusing inside information, and leaking inside information, and sentenced the defendant Tian Huiyu to death for the crime of **, deprivation of political rights for life, and combined punishment for the crime of **, abuse of power by personnel of state-owned enterprises, use of undisclosed information for trading, abuse of inside information, and disclosure of inside information. sentenced the defendant Tian Huiyu to death, with a two-year reprieve, deprivation of political rights for life, and confiscation of all personal property; Tian Huiyu was sentenced to five years in prison for abuse of power by personnel of state-owned enterprises; He was sentenced to seven years imprisonment and fined RMB 300 million for misusing undisclosed information; Guilty of insider trading and leaking inside information, sentenced to three years imprisonment and a fine of 8.5 million yuan, decided to carry out the death penalty with a two-year reprieve, deprivation of political rights for life, and confiscation of all personal property; Tian Huiyu's criminal proceeds Tian Huiyu's criminal proceeds and their fruits are to be recovered in accordance with law and turned over to the state treasury.
The judgment finds that from 1997 to 2022, the defendant Tian Huiyu took advantage of his position as vice chairman of China Cinda Trust and Investment Company, member of the Party Committee and vice chairman of Bank of Shanghai Co., Ltd., deputy secretary of the Party Committee and vice president of China Construction Bank Co., Ltd. Shanghai Branch, and secretary of the Party committee and chairman of China Construction Bank Co., Ltd. Shenzhen Branch to provide assistance to relevant units and individuals in matters such as loan approval, business contracting, and work transfer. Accepting property from the above-mentioned units and individuals is equivalent to RMB 2 in totalMore than 500 million yuan, Secretary of the Party Committee and Chairman of the Beijing Branch of China Construction Bank Co., Ltd., as well as the authority and duties to assist relevant units and individuals in handling loan approval, business contracting, work transfer and other matters. Secretary of the Party Committee and President of China Construction Bank Co., Ltd. Beijing Branch, Secretary of the Party Committee and President of China Merchants Bank Co., Ltd. Beijing Branch, took advantage of the convenience of their positions and the convenience of their powers and status to assist relevant units and individuals in handling loan approval, business contracting, work transfer and other matters, and illegally accepted assets totaling RMB 2More than 100 million yuan. During his tenure as secretary of the party committee and chairman of the board of directors of China Merchants Bank Co., Ltd., Tian Huiyu violated regulations, abused his power, and interfered with the normal operation and decision-making activities of enterprises under China Merchants Bank Co., Ltd. for the purpose of seeking personal gains, resulting in particularly serious damage to national interests. In addition to the inside information obtained by taking advantage of his position, Tian Huiyu also used undisclosed information to engage in ** trading activities related to the above information in violation of regulations, and illegally profited RMB 2More than 900 million yuan. Tian Huiyu, as an insider of inside information, purchased** before the relevant information was made public, or leaked the relevant information, and explicitly or implicitly stated that others participated in the above-mentioned trading activities, making illegal profits of more than 8.07 million yuan.
After trial, the Changde Intermediate People's Court held that the defendant Tian Huiyu's conduct had constituted the crime of **, the crime of abuse of power by the staff of the listed company, the crime of using undisclosed information for trading, the crime of insider trading, and the crime of leaking inside information. Tian Huiyu** should be sentenced to death for this crime, where the amount of money is particularly huge, the circumstances of the crime are particularly serious, and the social impact is particularly vile, causing particularly heavy losses to the interests of the state and the people; As a staff member of a listed company, he engaged in favoritism, dereliction of duty, and abuse of power, causing particularly heavy losses to national interests, and the use of undisclosed information for trading was particularly serious, and insider trading and leakage of inside information were particularly serious, and should be punished in accordance with law. In view of the fact that after he arrived at the case, he voluntarily confessed most of the facts of insider trading and leakage that had not yet been seized by the case-handling organs, constituting the crime of insider trading and leaking secrets, and he surrendered voluntarily, pleaded guilty, repented, and actively returned the stolen money, and all the criminal proceeds have been recovered, and he was sentenced to death for the crime, which may not be executed immediately; The death penalty for abuse of power and insider trading by a state functionary may not be carried out immediately. He was sentenced to death for the crime of **, but could not be executed immediately, and was given a lighter sentence for the crime of abuse of power and the crime of trading undisclosed information of a listed company, and was given a lighter sentence for the crime of insider trading and the crime of leaking inside information. The court then handed down the above decision.
Extended Reading;
Tian Huiyu Information**.
In"Another date"Fell four days later.
On April 22, 2022, the **Commission for Discipline Inspection and the State Supervision Commission** released a message: Tian Huiyu, former Secretary of the Party Committee and Chairman of China Merchants Bank Co., Ltd., accepted the disciplinary review and supervision investigation of the **Commission for Discipline Inspection and the State Supervision Commission.
As soon as the news came out, it immediately attracted widespread attention. Because just four days ago, the news about Tian Huiyu had just been broken - on April 18, China Merchants Bank held a management meeting to announce that Tian Huiyu, Secretary of the Party Committee and Chairman of the Board, had been temporarily transferred by Wang Liang, executive vice president and chief financial officer and secretary of the board of directors of the bank, to preside over the work of the whole bank.
For"There are other appointments"There are different opinions. Some people think that the situation of Tian Huiyu's dismissal is very special, and some people think that it is also true"There are other appointments"The expression means that Tian Huiyu is still very"Safety"。The facts show"There are other appointments"It does not mean that cadres can"Landed safely"。Suspected violations of discipline and law must be investigated and dealt with by the competent authorities.
In October of the same year, Tian Huiyu was arrested"Shuanggui"。** The Commission for Discipline Inspection and the State Supervision Commission reported that Tian Huiyu"Do not apply the major decisions and deployments in the financial work and resolutely implement them, discount and make changes in the financial work, ignore the party's leadership over the financial work and the political and people's nature of the financial work, and leave the responsibilities and missions behind", in addition to that"Lack of discipline and legal bottom line", in addition to that"Neither disciplined nor impossible, for a long time'Marketization'Under the guise of operation, to'Investments'、'Manage your money'For the name,'Make money for money'They collude with capital in relation to power, eat finance by relying on finance, abuse power for personal gain, harm the public and private interests, abuse power to accumulate wealth, and are greedy and excessive"。
In February 2023, Tian Huiyu was indicted, and in November, Tian Huiyu**, the staff of the listed company abused their power, used undisclosed information to trade, insider trading, and leaked inside information in the first instance**.
The Changde Municipal People's Procuratorate indicted and alleged that from 1997 to 2022, 25-year-old Tian Huiyu used his positions and powers as vice chairman of China Cinda Trust and Investment Company, member of the Party Committee and vice chairman of Bank of Shanghai Co., Ltd., deputy secretary of the Party Committee and vice president of China Construction Bank Co., Ltd. Shanghai Branch, secretary of the Party Committee and president of China Construction Bank Co., Ltd. Shenzhen Branch, and secretary of the Party Committee and president of China Construction Bank Co., Ltd. Beijing Branch. Facilitate business contracting, transfer of labor relations and other matters. and form facilitation conditions. Secretary of the Party Committee and President of China Construction Bank Co., Ltd. Beijing Branch, Secretary of the Party Committee and President of China Merchants Bank Co., Ltd. Beijing Branch, etc., took advantage of the convenience of their positions and the convenient conditions formed by their powers and positions to provide assistance to relevant units and individuals in matters such as loan approval, business contracting, and job transfer, and illegally accepted property from others totaling RMB 2More than 100 million yuan.
During his tenure as secretary of the party committee and chairman of the board of directors of China Merchants Bank Co., Ltd., Tian Huiyu violated regulations and abused his power to interfere with the normal operation and decision-making activities of enterprises under China Merchants Bank Co., Ltd. Before the information that has a significant impact on the transaction is made public, the insider of the inside information either leaks the relevant information, or explicitly or implicitly indicates that others are involved in the above-mentioned trading activities, and the circumstances are particularly serious. The procuratorate requested that Tian Huiyu be investigated for criminal responsibility for the crime of **, abuse of power by personnel of listed companies, trading using undisclosed information, insider trading, and leaking inside information.
During the trial, the public prosecution presented relevant evidence, the defendant Tian Huiyu and his defender cross-examined the evidence, the prosecution and defense fully expressed their opinions under the auspices of the court, and Tian Huiyu made a final statement and expressed his guilt and remorse in court. At the end of the trial, the court adjourned the trial and announced the verdict at a later date.
This star president who has been at the helm of China Merchants Bank for nine years.
In the early summer of 2013, Tian Huiyu succeeded Ma Weihua as chairman of China Merchants Bank.
As Ma Weihua's ** person, Tian Huiyu has been regarded as"High-level ** people"。However, with the long-term stability of the management team, CMB's retail strategy continues to advance. In 2021, China Merchants Bank delivered its best report card in the past six years.
Tian Huiyu was only 47 years old when he took over CCB, and before that, he had more than 10 years of banking experience. At that time, he was the youngest senior executive of CCB and the only one with overseas study experience.
According to public information, Tian Huiyu graduated from Shanghai University of Finance and Economics in July 1987 and received a master's degree in public administration from Columbia University in October 2002. From July 2003 to May 2013, he successively served as Vice President of Bank of Shanghai, Vice President of Shanghai Branch, President of Shenzhen Branch, Director of Retail Business of China Construction Bank, and President of Beijing Branch of China Construction Bank.
After Tian Huiyu took office, China Merchants Bank took"One body, two wings"The company's strategy, that is, corporate finance and interbank finance"Two wings"to strengthen the company's retail"All in one", the industry is committed to building"Light banking"to strengthen the company's retail and interbank retail"All in one"role.
At the same time, after the renovation of the head office was completed, Tian Huiyu took the lead in planning the renovation of 11 branches, which was basically completed in 2015.
After the company's strategy and some organizational restructuring, BOCOM's net profit returned to double-digit growth in 2017, and in the following four years, except for 2020 (which was affected by the pandemic, when net profit increased year-on-year to single digits year-on-year), BOCOM's net profit in 2018, 2019 and 2021 all increased by double digits year-on-year.
In 2021, China Merchants Bank delivered its best report card in six years. During the reporting period, the whole bank (group caliber) achieved an operating profit of 33125.3 billion yuan, a year-on-year increase of 1404%；The net profit attributable to shareholders of the Bank was 11992.2 billion yuan, a year-on-year increase of 2320%；The non-performing loan ratio fell below 1% again, and the provision coverage ratio rose to 48387%。By the end of 2021, China Merchants Bank's assets exceeded 9 trillion yuan.
However, after China Merchants Bank became the owner, Tian Huiyu's situation was far from calm, and there was a risk incident in recent years.
First of all, in 2019, it was involved in the expired product incident of 1.4 billion yuan of terminal companies, and the two sides went to court; In the same year, Everbright** promoted overseas investment and M&A projects, and China Merchants Bank, as the preferred investor, resorted to legal recovery 34$8.9 billion in debt.
In August 2021, the RMB500 million Dayuantong-Junrui No. 15 project distributed by China Merchants Bank defaulted materially due to the failure to distribute interest to investors in the second quarter of 2021.
After Tian Huiyu was investigated, on October 31 of the same year, China Merchants Bank held a third-quarter results conference. Wang Liang, chairman of China Merchants Bank, said at the meeting that the Tian Huiyu incident was a personal problem and had no direct relationship with China Merchants Bank, and no one in China Merchants Bank was implicated. China Merchants Bank's business development remained stable, and its talent pool remained stable. In the future, CMB will unswervingly implement the development strategy of the board of directors, continue to adhere to the established strategy, and create value for shareholders.
Value above key performance indicators"。
On March 18, 2022, a month before Tian Huiyu announced his dismissal, China Merchants Bank released its 2021 annual report"To create value for customers, we need to uphold it"Values are higher than KPIs...."workforce. Evaluating the performance of large companies has always been a difficult problem, but we must face it and solve it, because the business model determines the height of our development, and the values determine how far we can go. "
At that time, Tian Huiyu also quoted Kant in his annual report:"There are only two things in the world that can keep us in awe, one is the brilliant starry sky above our heads, and the other is the sublime moral law in our hearts. "
When the ** Commission for Discipline Inspection and the State Supervision Commission announced that Tian Huiyu was in accordance with the law"Expelled from the party twice"At the time of the message, it was said in the decision to deal with Tian Huiyu"Life is corrupt and morally corrupt"。