On March 1, Beijing** published the "Work Report at the Third Plenary Session of the 13th Beijing Municipal Commission for Discipline Inspection of the Communist Party of China" by Chen Jian, director of the Beijing Municipal Supervision Commission, on January 15, 2024.
The report said that in 2023, efforts will be made to investigate and deal with typical cases with great impact in key areas and key industries, and 151 "top leaders" at the division level of the Municipal and District Commission for Discipline Inspection and Supervision will seriously investigate and deal with cases of serious violations of discipline and law by leading cadres at the municipal management bureau level such as Xu Heyi, Yan Bingzhu, Zheng Zhiyong, and Zhao Changshan.
This is the first time that Yan Bingzhu has been officially confirmed to be dismissed.
In February 2017, Yan Bingzhu retired. On February 15, 2017, Bank of Beijing issued an announcement officially announcing that Yan Bingzhu would step down as Secretary of the Party Committee and Chairman of the Board. At that time, the Bank of Beijing announced that under the leadership of Yan Bingzhu, the total assets of the Bank of Beijing on and off the balance sheet increased from more than 20 billion yuan to nearly 3 trillion yuan in just 20 years, an increase of 150 times; Net assets increased from 1 billion yuan to nearly 150 billion yuan, an increase of 150 times; In the past 10 years, the global ranking has improved by nearly 500 places, ranking 77th among the world's 1,000 largest banks.
However, the years have passed. Six years after his retirement, Yan Bingzhu, who is nearly 70 years old, has turned from a hero of the Bank of Beijing to a corrupt element, which is really embarrassing.
If you turn the clock back to January 8, 1996, you will see a different scene: after "90 urban credit cooperatives, the Bank of Beijing (then known as the "Beijing Urban Cooperative Bank") was established in front of a five-story building in the south of Beijing; At the beginning of its establishment, the total assets were 20 billion yuan, and the non-performing rate was high.
From today's point of view, this is a "zero starting point" or even a "negative starting point" entrepreneurship. And Yan Bingzhu, who was ordered to be in danger, was 43 years old at the time.
According to the data, before joining the Bank of Beijing, Yan Bingzhu was already a veteran of the banking industry. From the People's Bank of China, which was "unified" at that time, to the Industrial and Commercial Bank of China, the first professional bank, from the grassroots accountant and cashier to the general manager of the business department and the chief auditor of the branches, Yan Bingzhu can be said to have witnessed the exploration of the transformation of China's financial industry from a planned economy to a market economy.
When recalling the situation when he had just taken over the Bank of Beijing, Yan Bingzhu once recalled that the integration of 90 credit cooperatives made the transition of the management mechanism extremely difficult. In particular, in the initial stage of establishment, it is necessary to implement a first-level legal person system, unify financial management, and increase the power to collect loans. Because the interests of individual people were touched, many middle and senior managers of the Bank of Beijing were violently attacked and their lives threatened.
Not only that, in the early days of its establishment, the Bank of Beijing had total assets of more than 20 billion yuan and a capital of 1 billion yuan, but the amount of illegal off-the-books operation of the Zhongguancun Urban Credit Cooperative alone was as high as 22.9 billion yuan, resulting in an actual loss of 6.7 billion yuan.
At that time, the Bank of Beijing, which was "riddled with diseases", was on the verge of despair several times. If the risk is not mitigated and this huge historical problem is solved, this small bank could collapse at any time. For Yan Bingzhu, who has just taken office, the pressure is self-evident.
Internally, we came up with the slogan 'Second Venture'. Yan Bingzhu once said when talking about the situation in the early days.
In this context, Bank of Beijing did not rely on capital injection and asset stripping, completely relying on its own accumulation and the improvement of the system and mechanism, after ten years, finally resolved and wrote off up to 6.7 billion yuan of historical non-performing assets, out of the edge of life and death.
Regarding such performance, a regulatory leader once commented: Bank of Beijing did not rely on "antihypertensive medicine" to resolve non-performing assets left over from history, but relied on the improvement of the system and mechanism to gradually enhance the "physique" and achieve steady development, which is a contribution to financial reform.
Today, the Bank of Beijing has not only risen from the ashes, but also grown into a leader in the industry.
In 2003, after the SARS epidemic, he became the mayor of Beijing, and put forward the ardent hope and clear requirements for the Bank of Beijing to "change its name, attract capital, restructure and go public", and pointed out the development direction of "marketization, diversification of equity structure, regionalization, capitalization and internationalization".
After getting on the right track, Bank of Beijing once again ushered in new challenges.
As a city commercial bank focusing on regional business, listing is not a single goal, it requires the bank to change from equity structure to corporate system, from strategic layout to business innovation, and even from domestic to international markets.
Recalling these, Yan Bingzhu once said with deep feelings: "Many enterprises start their own businesses from scratch, which can be described as 'building a high-rise building from the ground', while the Bank of Beijing can only be said to be reborn in a 'fire pit', and has experienced an unforgettable journey from death to life, from small to large, from weak to strong.
In the following years, Bank of Beijing has successively achieved a series of strategic breakthroughs such as successful name change, introduction of foreign capital, regional expansion, issuance and listing, and integrated development.
On September 28, 2004, Beijing Commercial Bank was approved to change its name to Bank of Beijing, and soon the Bank of Beijing started the work of attracting capital.
In 2005, after many searches and repeated considerations, Bank of Beijing decided to introduce the world's largest financial group, Ing Group, as a strategic investor, and IFC, an international finance company, as a financial investor. At the same time, Bank of Beijing has promoted regional layout, set up branches in Tianjin, Shanghai, Nanjing, Changsha and other regional central cities, and gradually built more than 500 branches covering more than 10 major central cities, Hong Kong and the Netherlands.
During the "blind date" phase with ING, a lot of due diligence work was carried out around the clock, and the negotiation work was also at an impasse on several occasions.
Looking back at the bleak place, there is no wind and rain and no sunshine. Yan Bingzhu wrote in a reminiscence article that at the moment when the Bank of Beijing formally signed the agreement with ING Group and the International Finance Corporation, "all the anxiety, all the hesitation, and all the busyness in the process of attracting capital went with the wind in the joy of success." ”
After the introduction of strategic investors, Bank of Beijing started the listing process in 2007. In the end, it took one month to complete the equity liquidation of 30,000 shareholders, two months to complete due diligence, four days to complete the roadshow promotion of 138 institutions, and six months later to be listed on the Shanghai Stock Exchange, becoming the first listed company in Beijing with a market value of more than 100 billion yuan.
The hard work was not in vain, and the Bank of Beijing caught up with the key window of opportunity, and after a nine-year blank, the city commercial bank appeared again in the A-shares.
The listing enabled Bank of Beijing to establish a standardized external regulatory and restraint mechanism, and at the same time, it also obtained continuous capital replenishment, laying the foundation for the leapfrog development of Bank of Beijing.
The path of renaming, attracting capital, restructuring and listing" has been proved by the development practice of Bank of Beijing, and has also become a classic model for the development of small and medium-sized banks since then.
In July 2016, the British "Banker" magazine released the latest version of the "Global 1000 Large Banks Ranking", which is regarded as the comprehensive strength of banks in the world, Bank of Beijing ranked 77th in terms of Tier 1 capital, which is also the third time that this small and medium-sized bank has been ranked among the top 100 global banks.
At present, while facing the severe test of cross-cycle operation, the banking industry is also ushering in a broad space for global layout and a historical opportunity for disruptive change. After the vicissitudes of life and prosperity, Bank of Beijing, on the basis of a series of strategic initiatives in the past, is still driving on the track of steady and rapid development.
In September 2023, the British magazine "The Banker" (TheBanker) released the list of "Top 1000 Global Banks in 2023", and Bank of Beijing ranked 53rd in terms of Tier 1 capital; Ranked among the world's top 100 banks for 10 consecutive years.
At the end of last year, Huo Xuewen, the current chairman of Bank of Beijing, focused on sharing the practice of Bank of Beijing when talking about the practice of financial power, from which we can also clearly see the future development path of Bank of Beijing, and a series of new growth matrices are taking shape.
Huo Xuewen pointed out that in the direction of science and technology finance, Bank of Beijing is striving to build "the first bank of specialization, refinement, and innovation".
First, it has created a market. In December 2022, in order to implement the strategic deployment of supporting the development of specialized, special and new enterprises proposed in the report of the 20th National Congress of the Communist Party of China, Bank of Beijing was the first in the market to propose to build the first bank to be specialized, refined, and new. At present, 1% of the country's financial assets cover 11% of the country's total number of specialized, special and new enterprises. The second is to create products, and in March this year, it launched the credit product "Pilot e-Loan" for specialized and special new enterprises, which has supported 3,200 enterprises and exceeded 24 billion loans. In addition, Bank of Beijing has also created brands and services.
Specialization, refinement, and innovation are the solid support of China's modern industrial system, which helps to solve the problem of stuck necks to a large extent, and plays an important role in making up for shortcomings, forging long boards, and filling in the blanks in the industrial chain. "We have not heard that an economic power, a lot of technology depends on others, in this process, the United States stuck in the neck just helps China to achieve its own technological breakthrough, only to achieve a breakthrough can form a complete industrial system, industrial system and our ecological system. Huo Xuewen said.
In the direction of green finance, Bank of Beijing has been actively practicing since 2022, and as of the end of November last year, the scale of green finance loans reached more than 140 billion yuan, an increase of 31 from the beginning of the year5%。It has innovated the mortgage and pledge models, and implemented a series of innovations for the first green finance.
In the direction of inclusive finance, outstanding enterprises, including specialized and special new enterprises, have experienced a development process from small to large. The biggest problem for small enterprises is how to survive, to achieve a breakthrough from zero to one, we must solve the problem of first loans, Bank of Beijing has provided first loans for more than 7,000 enterprises, and a large number of them have achieved development and listing.
In the direction of pension finance, Bank of Beijing has opened more than 1.2 million personal pension accounts, is the only city commercial bank that has exceeded one million, Bank of Beijing will be a comprehensive layout of pension finance, pension service finance, pension industry finance, to build a full ecological service system of pension finance.
In the direction of digital finance, Huo Xuewen believes that on the road of digital transformation, China's financial industry can change lanes and overtake. Under the traditional financial system, the U.S. financial industry is in the lead, but China's fintech development is now leading the world. Huo Xuewen believes that financial technology, with AI as the main symbol, will help China change lanes and overtake.
On the road to becoming a financial power, Huo Xuewen believes that there must be five kinds of thinking: first, scientific and technological thinking, running out of the acceleration of scientific and technological empowerment; Second, we should strengthen the thinking of investment banks and build a community with complementary advantages; Third, we must enhance ecological thinking and expand the ecosystem of win-win cooperation; Fourth, enhance industrial thinking and create a new paradigm of integration of industry and finance. Fifth, enhance system thinking and construct new methods for high-quality development. Conclusion
Yan Bingzhu once mentioned in his own statement that his father named him "Bingzhu" because he hoped that he would be like a clump of winter bamboo, able to withstand wind, frost, rain and snow, and never turn back in life.
However, the flowers gradually became charming, but after all, they were defeated by reality.
After the matter is gone, it is difficult to offset the merits and demerits.