CFP Photo provided by
Times Weekly reporter Hu Qiushi from Beijing
1 China Taiping Insurance Chairman Gao Guofu was transferred to Pudong Development Bank. On April 13, China Taiping Insurance and Pudong Development Bank issued an announcement at the same time, confirming the news that Gao Guofu was transferred to the chairman of Pudong Development Bank and Kong Qingwei will take over as chairman of China Taiping Insurance.
Gao Guofu's transfer to Pudong Development Bank is part of the personnel transfer of Shanghai State-owned Assets Platform. On the morning of April 11, Shanghai Guosheng Group announced personnel changes. Kong Qingwei resigned as Secretary of the Party Committee and Chairman of Shanghai Guosheng Group, and Shou Weiguang took over and took charge of Shanghai Guosheng Group. Shanghai Guosheng Group is an important state-owned asset management platform in Shanghai.
A person from a state-owned financial enterprise in Shanghai told the Times Weekly reporter that Gao Guofu performed well in China Pacific Insurance. This personnel transfer, Gao Guofu was transferred to Pudong Development Bank, which is also the reliance of the State-owned Assets Supervision and Administration Commission for his reliance on him.
Gao Guofu was at the helm for 2011
htmlOn April 13, China Taiping Insurance announced that Chairman Gao Guofu resigned from his position as director due to work changes and no longer serves as chairman and director of the Board of Directors' Strategy and Investment Decision-making Committee. And passed the "Proposal on Changes of the Director Candidates for the Eighth Board of Directors of China Taiping Insurance", and nominated Kong Qingwei as the Executive Director candidate for the Eighth Board of Directors.At the same time, Pudong Development Bank announced that Chairman Ji Xiaohui would leave office and nominate Gao Guofu as a candidate for director.
China Taiping Insurance mentioned in the announcement that during Gao Guofu's tenure, he performed his duties diligently and responsibilities, promoted the company to complete the initial public offering of A+H shares, build a continuous capital replenishment mechanism, optimize corporate governance, and implement strategic transformation to achieve the improvement of the company's value and value creation capabilities.
public information shows that Gao Guofu was born in 1956 and has served as general manager of Shanghai Waigaoqiao Free Trade Zone Development (Holding) Company, deputy director of Shanghai Waigaoqiao Free Trade Zone Management Committee, acting president of Shanghai Wanguo Securities Company, general manager of Shanghai Jiushi Company, and general manager of Shanghai Urban Construction Investment and Development Corporation. In 2006, Gao Guofu took office as Party Secretary and Chairman of China Pacific Insurance (Group) Co., Ltd.
In December 2007, the second year after Gao Guofu served as the Party Secretary and Chairman of China Taiping Insurance, China Taiping Insurance successfully entered the A-share market. In December 2009, China Taiping Insurance listed on the Hong Kong stock market.
In 2011, China Taiping Insurance, a high-government-rich China, officially launched a strategic transformation path of "customer needs-oriented" and became one of the earliest insurance companies in China to undergo transformation. By 2016, China Pacific Insurance's transformation has achieved some results.
Among them, China Taiping Group actively reduces its value-reducing banking and insurance business and strives to develop personal insurance business. The proportion of bank insurance business decreased from 54.9% in 2010 to 5.3% in 2016, and the business scale dropped from 48.2 billion yuan to 7.3 billion yuan, excluding low-value businesses exceeded 40 billion yuan; the proportion of individual insurance business increased from 40.2% in 2010 to 84.0% in 2016, and the business scale increased from 35.3 billion yuan to 115.4 billion yuan.
annual report shows that in 2016, China Taiping Group achieved operating income of 267.014 billion yuan, of which insurance business revenue was 234.018 billion yuan, a year-on-year increase of 15.1%, and net profit was 12.057 billion yuan; the group's total assets exceeded one trillion yuan for the first time, reaching 1.02 trillion yuan; and 2016 was also hailed by the outside world as the final year of China Taiping's transformation.
Gao Guofu said in a letter to shareholders of China Pacific Insurance's annual report: "We are concerned about customer needs: promoting the implementation of a strategic transformation oriented towards customer needs. Focusing on the three major transformation goals, after the implementation and promotion of 18 transformation projects, the customer needs-oriented values and methodologies have been internalized into China Pacific Insurance's life genes and will continue to play a role in future development."
On the other hand, Pudong Development Bank, which is about to take office, is facing a decline in net profit growth rate and a continuous increase in non-performing loans. According to the annual report data, Pudong Development Bank achieved a total net profit of 53.099 billion yuan in 2016, an increase of 4.93% year-on-year, a decrease of 2.7 percentage points compared with 2015. In terms of non-performing loans, from 2014 to 2016, Pudong Development Bank's non-performing loan ratios were 1.06%, 1.56% and 1.89% respectively.
Pu Development Bank announced that former chairman of Pudong Development Bank Ji Xiaohui resigned due to age reasons. According to annual report information, Ji Xiaohui was born in 1955 and is currently 62 years old. Ji Xiaohui has served as the chairman of Pudong Development Bank for four consecutive terms since April 2007.
In terms of size, China Pacific Insurance's total assets exceeded 1 trillion yuan in 2016, and Pudong Development Bank's total assets exceeded 5.85 trillion yuan during the same period.
Shanghai financial system personnel adjustment
Times Weekly reporter noticed that Kong Qingwei took over Shanghai Guosheng Group for less than a year. After leaving Shanghai Guosheng Group, he will take up the position of chairman of China Taiping Insurance.
htmlOn the morning of April 11, Guosheng Group held an announcement meeting on the adjustment of the leadership team. Leng Weiqing, Deputy Director of the Organization Department of the Shanghai Municipal Party Committee and Director of the Municipal Organization Department, and Ma Jianhong, Deputy Secretary of the Party Committee of the Municipal State-owned Assets Supervision and Administration Commission, attended the meeting. Themeeting was chaired by Ma Jianhong, and Jiang Yunfeng, director of the Enterprise Cadre Department of the Municipal Party Committee Organization Department, read out the relevant appointment and removal documents. With the approval of the Municipal Party Committee and Municipal Government, Shou Weiguang was appointed as the Party Secretary and Chairman of Shanghai Guosheng Group; Kong Qingwei was removed from his position as Party Secretary and Chairman of Shanghai Guosheng Group.
According to the China Taiping Insurance announcement, Kong Qingwei will take over as chairman of Shanghai Guosheng Group after resigning as chairman of China Taiping Insurance.
Public information shows that Kong Qingwei was born in 1960 and started working in November 1980. He has served as deputy general manager of Shanghai Bund House Replacement Co., Ltd., general manager of Shanghai Jiushi Replacement Headquarters, deputy secretary of the Party Committee and executive deputy director of Shanghai Provident Fund Management Center, deputy general manager of Shanghai Urban Construction Investment and Development Corporation, deputy chairman of Shanghai Minhong (Group) Co., Ltd., director and deputy secretary of the Party Committee of Shanghai Expo Land Reserve Center, president and deputy secretary of the Party Committee of Shanghai Expo Land Holding Co., Ltd., general manager and deputy secretary of the Party Committee of Shanghai Urban Construction Investment and Development Corporation, and secretary of the Party Committee of the Municipal Financial Work. From August 2016 to April 2017, Kong Qingwei was the Party Secretary of Shanghai Guosheng Group and was not in office for a long time.
Ma Jianhong pointed out that the adjustment of the position of Party Secretary and Chairman of Guosheng Group this time is a cautious decision made by the Municipal Party Committee and Municipal Government based on the needs of the reform and development of state-owned assets and state-owned enterprises, combined with the actual situation of Guosheng Group, and after repeated research.
information shows that Shou Weiguang, the new chairman of Shanghai Guosheng Group, was born in October 1963 and started working in July 1987. He has served as deputy section chief of the Shanghai Commissioner's Office in Shanghai, deputy director of the Sixth Branch of the Shanghai Municipal Finance Bureau, deputy director of the Personnel Department of Shanghai International Trust and Investment Company, member of the Party Committee of Shanghai International Group Co., Ltd., deputy general manager of Shanghai International Group Co., Ltd., secretary of the Party Committee and president of Shanghai State-owned Assets Management Co., Ltd., and former deputy mayor of Taiyuan City and chairman of the Supervisory Board of Haitong Securities Co., Ltd.
According to a reporter from Times Weekly, the two major platforms of Shanghai state-owned assets are Shanghai International Group and Shanghai Guosheng Group. Among them, Shanghai International Group is clearly defined as a strategically controlled financial investment group in accordance with the overall deployment of Shanghai's state-owned assets and state-owned enterprises reform. The group's investment enterprises mainly include: Shanghai Pudong Development Bank, Shanghai Rural Commercial Bank, Guotai Junan Securities, Shanghai Equity Custody Trading Center , Shanghai Securities Co., Ltd., Hua'an Fund Management Co., Ltd. and other key local financial enterprises.
, and Shanghai Guosheng Group holds 49% of the shares of municipal industrial groups such as Guangming Food Group and Textile Group, and also participates in more than a dozen state-owned listed companies such as Shanghai Construction Engineering , Jiaoyun Co., Ltd. , Tunnel Co., Ltd. , Huajian Group, Shanghai Pharmaceuticals, Shuangqian Co., Ltd. , and Listing Development.
In addition, a reporter from Times Weekly learned that on March 15, Shanghai Executive Vice Mayor Zhou Bo attended a symposium on the Shanghai Insurance Industry, listened to opinions and suggestions, and asked the Shanghai Insurance Industry to continue to implement the "New Ten Regulations on the Country" of Insurance and the Shanghai "Implementation Opinions". Eight insurance companies including China Pacific Insurance, Ping An Pension, and China Dadi Property Insurance attended the symposium.
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