The China Securities Regulatory Commission fired Wu Jianmin and new official Guo Shuqing took office

The China Securities Regulatory Commission fired Wu Jianmin and a new official Guo Shuqing took office (Reported by Yang Qiwei, a special reporter in Guangzhou of the Alberta Times) The China Securities Regulatory Commission issued an announcement on the 1st, dismissing...

The China Securities Regulatory Commission fired Wu Jianmin and a new official Guo Shuqing took office. (Reported by Yang Qiwei, Special Correspondent of the Alberta Times in Guangzhou) The China Securities Regulatory Commission issued an announcement on the 1st to dismiss Wu Jianmin, a member of the third M&A and Reorganization Committee and general manager of Beijing Tianjian Xingye Asset Appraisal Co., Ltd. This is the first time in the history of the China Securities Regulatory Commission that a member of the M&A and Reorganization Committee has been dismissed. The relevant person in charge of the China Securities Regulatory Commission said that when Wu Jianmin borrowed other people's accounts to hold ST Shengfang's stocks, he failed to apply for recusal as required and participated in the review of ST Shengfang's merger and reorganization plan on March 3, 2010, which violated the relevant regulations of the China Securities Regulatory Commission. Guo Shuqing, chairman of China Construction Bank, who has twice won the "Sun Yefang Award", the highest award in China's economic circles, and is known as a scholar-type official, has been entrusted with the important task of serving as chairman of the China Securities Regulatory Commission. This gentle and gentle scholar-type official has a rich resume: In 1998, the 42-year-old Guo Shuqing was promoted from the position of an official of the Restructuring Commission to the deputy governor of Guizhou Province, in charge of foreign investment and finance, completing his first leap. In 2001, coinciding with the period of huge growth in China's foreign exchange reserves, Guo Shuqing was transferred to the position of Director of the State Administration of Foreign Exchange, completing the second leap from deputy governor to senior financial official; and this time, Guo Shuqing wanted to move from the banking industry into the securities industry and lead the future of China's capital market. On the morning of his first day after taking office, the new chairman of the China Securities Regulatory Commission, Guo Shuqing, attended the 9th Small and Medium Enterprises Financing Forum. In his speech, he said that the China Securities Regulatory Commission has always adhered to a "zero tolerance" attitude towards insider trading and securities and futures crimes, and will resolutely investigate and deal with each case found. He pointed out that there are two situations of insider trading in my country at this stage: some people purposefully use their special status and relationships to seek illegitimate benefits; and some people have unclear subjective consciousness and do not realize that this is a crime similar to corruption, theft, and fraud. Guo Shuqing promised to continue to improve regulatory methods and methods, severely punish illegal activities such as market manipulation, fraudulent listings, benefit transfers, false disclosures, etc., and maintain the principles of market fairness and justice. "When a thief steals a cabbage from the vegetable market, people can be filled with indignation. But when someone puts his hand into the wallets of thousands of investors, people often don't pay attention to it. This is the essence of insider trading." Shuqing's vivid words were sonorous and powerful, which encouraged investors. Although Guo Shuqing has no direct experience in the securities industry, all major banks are listed companies, and in the process of leading CCB to go public, Guo Shuqing has had a lot of exposure to the securities industry. According to the evaluation of a middle-level manager of CCB, Guo Shuqing has introduced strategic investors to CCB, promoted its listing, and continuously transformed its strategy and risks. Guo Shuqing has made great contributions in terms of control and adjustment of business structure. In terms of promoting the transformation of commercial banks, Guo Shuqing has put forward the "customer-oriented" service concept, focused on customer experience, and vigorously promoted the development of CCB's retail business. The person emphasized that Guo Shuqing's grasp of the overall situation has been "very good", which has been reflected in CCB's business in recent years. This can be seen from the development situation. In response to the global financial crisis, the Chinese government introduced a 4 trillion economic stimulus plan, and Chinese banks have also issued huge amounts of loans in the past two years. During the huge lending wave from 2009 to 2010, CCB's loan growth rate was the lowest among the four state-owned commercial banks. Since the beginning of this year, the government has continued to strengthen macro-control of real estate. As the most advantageous bank in China's infrastructure field, China Construction Bank has been focusing on the decline in the proportion of loans to the real estate industry as one of its priorities as early as the year before last. This forward-looking grasp also allows CCB to respond to changes in the macro environment more calmly. It is reported that since Guo Shuqing took office in 2005, CCB's assets have nearly tripled. As of the end of September this year, CCB's total assets have reached 11.77 trillion, and the non-performing loan ratio has further dropped to 1.02%, a decrease of 2.82% from the end of 2005. percentage points. During his tenure, CCB's market value once surpassed ICBC and became the world's largest bank. This time, Guo Shuqing was appointed to the China Securities Regulatory Commission. Investors hope that this new official, known as the "firefighting captain", will burn the "three fires" after taking office and burn China's stock market red.