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Written by Yu Hui

On July 17, the Central Commission for Discipline Inspection and the National Supervisory Commission’s Discipline Inspection and Supervision Group at the Export-Import Bank of China and the Hubei Provincial Commission for Discipline Inspection and Supervision issued a message:

Wang Fade, former Party Secretary and President of the Tianjin Branch of the Export-Import Bank of China, is suspected of serious violations of discipline and laws. He is currently undergoing disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the Export-Import Bank of China and an investigation by the Xiangyang Municipal Supervisory Commission of Hubei Province.

Public information shows that Wang Fade has worked in the Export-Import Bank of China for many years. He has served as deputy director and director of the Refinancing Department of the Export-Import Bank of China, deputy chief representative and chief representative of the Southeast African Representative Office, deputy general manager of the Concessional Loan Department, deputy general manager of the Assessment and Review Department, party secretary and president of the Ningbo Branch, and party secretary and president of the Tianjin Branch of the Export-Import Bank of China.

The picture shows Wang Fade, who has worked at the Export-Import Bank of China for many years.

While serving as the president of the Ningbo Branch of the Export-Import Bank of China, Wang Fade published the book "The Art of Business Warfare".

During Wang Fade's tenure at the Tianjin Branch of the Export-Import Bank of China, the branch was subject to regulatory penalties.

In May 2019, due to illegal charging, the Tianjin Branch of the Export-Import Bank of China was fined 300,000 yuan by the former Tianjin Banking and Insurance Regulatory Bureau; in August 2021, due to failure to strictly implement "real loans and real payments", the Tianjin Branch of the Export-Import Bank of China was fined 200,000 yuan by the former Tianjin Banking and Insurance Regulatory Bureau.

In August 2021, the Tianjin Branch of the Export-Import Bank of China was fined RMB 200,000 by the former Tianjin Banking and Insurance Regulatory Bureau.

In January 2020, Wang Fade was appointed as deputy director of the Economic Committee of the Tianjin CPPCC.

Wang Fade attended the forum and delivered a speech (data map)

In December 2023, Wang Fade attended a green finance forum. At that time, his position was "Head of the Strategy Department of the Export-Import Bank of China and former President of the Tianjin Export-Import Bank."

In April 2024, in accordance with the unified deployment of the Party Central Committee on inspection work, the mobilization meeting for the 13th Central Inspection Team to inspect the Party Committee of the Export-Import Bank of China was held.

The central inspection team will work in the Export-Import Bank of China for about three months, and the inspection team will accept letters and visits until July 12, 2024.

The Central Inspection Team mainly accepts letters, calls and visits that reflect problems with the leadership team of the Party Committee of the Export-Import Bank of China and its members, the main leaders of the next-level Party organizations and personnel in key positions, with an emphasis on reports and reflections on violations of political discipline, organizational discipline, discipline on integrity, discipline among the masses, work discipline and discipline in life.

Information | Central Commission for Discipline Inspection, National Supervisory Commission, China Fund News, The Paper, CCTV, etc.

Further reading

After the inspection team arrived, senior executives of central enterprises were dismissed

Xu Zuo, deputy general manager of CITIC Group, was dismissed from his post.

On June 9, the website of the Central Commission for Discipline Inspection and the National Supervisory Commission announced that Xu Zuo, member of the Party Committee and deputy general manager of China CITIC Group Corporation (hereinafter referred to as "CITIC Group"), is suspected of serious violations of discipline and laws, and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.

The picture shows Xu Zuo's profile. He has been the deputy general manager of CITIC Group since 2019.

Xu Zuo, 59, has worked for CITIC Group for a long time. He started as an inspector in a subsidiary of the group and gradually rose to become a senior executive of the subsidiary. He has served as general manager, vice chairman and chairman of CITIC Dicastal Co., Ltd.

In 2016, Xu Zuo served as assistant to the general manager of CITIC Group. In 2019, he served as deputy general manager of CITIC Group until he was dismissed from his post today.

According to data, CITIC Group has been on the Fortune Global 500 list for 15 consecutive years, ranking 100th in 2023.

Attended work meeting 1 month ago

More than a month ago, Xu Zuo attended a work meeting.

According to the official website of CITIC Group, on April 28 this year, the 2023 annual meeting of the CITIC Group Board of Directors was held in Beijing CITIC Tower, and the group's deputy general manager Xu Zuo attended the meeting. Before that, he also participated in activities as usual.

Xu Zuo was born in 1965 in Dawu, Hubei Province. At the age of 22, he graduated from Kunming Institute of Technology (now Kunming University of Science and Technology) with a major in metallurgy and heat treatment. That year, he was assigned to work at CITIC Bohai Aluminum Company.

Not long after he joined the company, CITIC Group invested in the construction of the Dicastal aluminum alloy automobile wheel manufacturing project, and Xu Zuo and others were sent abroad to learn about the manufacturing technology and equipment of aluminum wheels. After returning to China, he participated in the research work of aluminum wheel trial production.

He worked as an inspector at Bohai Aluminum Company, and served as deputy section chief, section chief, sales manager, enterprise management manager, assistant to the general manager, and deputy general manager of Dicastal Wheel Manufacturing Co., Ltd. (now CITIC Dicastal Co., Ltd.).

During this period, Xu Zuo completed the transformation from a technical researcher to a company manager. In 2007, Xu Zuo became the general manager of CITIC Dicastal Co., Ltd., in 2008 he became the company's party secretary, and in 2013 he became the company's vice chairman.

Official data shows that CITIC Dicastal Co., Ltd. is the first aluminum wheel manufacturing company in mainland China invested and established by CITIC Group in 1988. Its predecessor was Dicastal Wheel Manufacturing Co., Ltd. It was transformed into a joint-stock company in 2007 and officially changed its name to CITIC Dicastal Co., Ltd. in 2012.

In October 2016, Xu Zuo became assistant to the general manager of CITIC Group, chairman and party secretary of CITIC Dicastal Co., Ltd.; in June 2019, he became deputy general manager of CITIC Group until he was dismissed from his post today.