Lai Xiaomin joined Huarong in the same year, and Huang Xianhui was transferred to Huarong headquarters.
In 2018, Lai Xiaomin, then Party Secretary and Chairman of China Huarong Asset Management Co., Ltd., was investigated.
After investigation, Lai Xiaomin directly or through others asked for and illegally accepted the property given by relevant units and individuals, amounting to RMB 1.788 billion.
In 2021, after a trial, Lai Xiaomin was executed.
According to Zheng Zhijun, Huang Xianhui, who was investigated this time, worked with Lai Xiaomin at Huarong Headquarters.
According to the resume, Huang Xianhui was born in November 1963. He holds a bachelor’s degree, a bachelor’s degree in law, a master’s degree in business administration, a senior economist, and is qualified as an independent director of listed companies in chinese registered financial analysts and China. He has worked in China People’s Bank and China Industrial and Commercial Bank for many years.
In 2000, Huang Xianhui joined China Huarong and served as senior manager and deputy general manager of Nanchang office of China Huarong Asset Management Company and deputy general manager of Chongqing office.
In 2009, Lai Xiaomin was transferred from CBRC to President of China Huarong. In the same year, Huang Xianhui joined Huarong headquarters as deputy general manager of Huarong Asset Investment Division, deputy director of the second reorganization office and deputy director of the President’s Office (Party Committee Office). Then he participated in the establishment of Huarong Zhiyuan Investment Management Co., Ltd. and served as general manager.
According to Tianyancha information, in September 2016, the head of Beijing Branch of China Huarong Asset Management Co., Ltd. was changed to Huang Xianhui, and by August 2019, Huang Xianhui no longer held this position.
"The impact of eliminating the Lai Xiaomin case is not thorough."
After the "Lai Xiaomin case", China Huarong’s anti-corruption work continued.
Since Lai Xiaomin was investigated, many senior executives who worked in Huarong system have been dismissed. These include Qin Ling (son of Qin Guangrong), former chairman of Huarong Investment Co., Ltd., Wang Pinghua, former chairman of Huarong Real Estate Co., Ltd., former general manager of China Huarong International Holdings Co., Ltd., and Yang Hongwei, chairman of Huarong Overseas Chinese Asset Management Co., Ltd.
Zheng Zhijun also noticed that just one year ago, in February 2022, the 13th inspection team of the Central Committee gave feedback to the Huarong Party Committee of China, pointing out that the reflection on Lai Xiaomin’s case in China Huarong was not deep enough, the influence was not thoroughly eliminated, and the accountability was not in place. At the same time, the inspection team also received clues reflecting the problems of some leading cadres, which have been transferred to the State Commission for Discipline Inspection of the Central Commission for Discipline Inspection, the Central Organization Department and other relevant parties for handling according to relevant regulations.
From a larger background, financial anti-corruption is still the focus of this year’s discipline inspection work.
In January this year, the communiqué of the Second Plenary Session of the 20th Central Commission for Discipline Inspection was published. When talking about the key areas of the party’s work style and clean government in the next stage, the communiqué mentioned that the key areas should be highlighted and the corruption in the areas of centralized power, capital-intensive and rich resources such as finance, state-owned enterprises, politics and law, and grain purchase and sale should be deepened.
According to public reports, many financial system executives have been investigated this year, including Liu Liange, former party secretary and chairman of China Bank, Wang Jianhong, former party secretary and president of China Bank Beijing Branch, and Yi Jingan, former deputy party secretary and vice president of China Construction Bank Shenzhen Branch.
CITIC Group has become the largest shareholder of Huarong.
China Huarong official website introduced that China Huarong Asset Management Co., Ltd. was formerly known as China Huarong Asset Management Company and was established on November 1, 1999. In September 2012, with the approval of the State Council, the whole company was restructured into a joint stock limited company.
The investigation report of Huang Xianhui pointed out that Huang Xianhui was being investigated by the Discipline Inspection and Supervision Team of the State Supervision Commission of the Central Commission for Discipline Inspection in CITIC Group and the Supervision Commission of Xinxiang City, Henan Province.
As a former senior executive in Huarong system, why did Huang Xianhui accept the supervision and investigation of the Discipline Inspection and Supervision Group of the State Commission for Discipline Inspection of the Central Commission for Discipline Inspection in CITIC Group?
Zheng Zhijun noted that in March last year, China Huarong announced that in order to optimize the layout of state-owned financial capital, the Ministry of Finance planned to increase the capital of its 2.407 billion domestic shares to CITIC Group.
A month ago, China Huarong announced that the Ministry of Finance and CITIC Group had completed the relevant transfer registration procedures for the change of rights and interests. After the equity change, the share ratio of China Huarong held by the Ministry of Finance is 24.76%, and that of CITIC Group is 26.46%, making it the largest shareholder of China Huarong. China Huarong is still a state-controlled financial institution, and this change of rights and interests will not lead to the change of actual control rights of China Huarong.
Original title: After being accused of "eliminating the influence of the Lai Xiaomin case is not thorough", Huarong’s former executives were investigated again.
Editor: Yang Yanlin
Editor: Liao Yi
Audit: Feng Fei