2024-08-20
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Reporter of China Business Network: Zhang Yi Editor of China Business Network: Ma Ziqing
A provincial-level official in Guizhou’s financial system was investigated.
On August 20, the website of the Guizhou Provincial Commission for Discipline Inspection and Supervision announced that Song Rui, the former first-level inspector of the Guizhou Provincial Local Financial Supervision and Administration Bureau, was suspected of serious violations of discipline and law and was subject to disciplinary review and supervision investigation. Public information shows that Song Rui had served as the party secretary, chairman, and director of the Guizhou Provincial Cooperative Bank.
It is reported that Huang Qiubin and Ma Linbo, who had served as the chairman of the Guizhou Provincial Cooperative Bank, were successively "brought down" in August 2018 and July 2023 respectively. Among them, Ma Linbo was found to have problems such as "living off finance", disrupting financial order, and being keen on "circle culture".
At present, under the leadership of the new chairman Yang Song, the relevant work of restructuring the Guizhou Provincial Union Bank to form the Guizhou Rural Commercial Bank is still in progress. In May this year, the Guizhou Provincial Union Bank issued a tender notice for the solicitation of legal service providers, asset evaluation service providers and audit evaluation service providers in order to deepen the reform.
Public information shows that Song Rui was born in November 1962. He served as deputy secretary of the Party Committee, deputy chairman and director of the Guizhou Provincial Cooperative Bank, and was appointed as secretary of the Party Committee, chairman and director of the Guizhou Provincial Cooperative Bank in May 2014. At the end of 2018, Song Rui left the Guizhou Provincial Cooperative Bank and was transferred to the position of inspector of the Guizhou Provincial Local Financial Supervision and Administration Bureau (Guizhou Provincial Financial Work Office).
It is worth mentioning that Huang Qiubin and Ma Linbo, who had served as chairman of the Guizhou Provincial Cooperative Bank before and after Song Rui respectively, have been "caught" one after another.
Before Song Rui took the helm of the Guizhou Provincial Cooperative Bank, Huang Qiubin served as chairman and party secretary of the Guizhou Provincial Cooperative Bank from April 2013 to May 2014. Afterwards, Huang Qiubin entered the government and served as director and party secretary of the State-owned Assets Supervision and Administration Commission of Guizhou Province, secretary of the Qiandongnan Prefecture Committee, and secretary of the party group and director of the Guizhou Provincial Grain Bureau. On August 15, 2018, Huang Qiubin was investigated for suspected serious violations of discipline and law.
In 2019, after Song Rui left the Guizhou Provincial Union Bank, Ma Linbo, former deputy director of the Guizhou Provincial Local Financial Supervision and Administration Bureau, joined the Guizhou Provincial Union Bank as deputy secretary, deputy chairman, and director, and became party secretary and chairman in 2021. On July 26, 2023, Ma Linbo was investigated for suspected serious violations of discipline and law.
According to the investigation results released by the Guizhou Provincial Commission for Discipline Inspection and Supervision at that time, Ma Linbo was found to have abused his power for personal gain, "lived off finance", used his position to seek benefits for others in loan financing, accepted huge amounts of money and property, and disrupted financial order. At the same time, Ma Linbo was also found to be keen on "circle culture", forming gangs and seeking personnel benefits for "insiders".
Before Song Rui was announced to be under investigation, the Guizhou Provincial Cooperative Bank underwent a "look back" inspection for about one and a half months.
On April 26 this year, the 13th Inspection Team of the Guizhou Provincial Committee of the Communist Party of China issued an inspection announcement, and from April 26, 2024, it will conduct a "look back" inspection of the Party Committee of the Provincial Cooperative Bank for about one and a half months. It will mainly accept letters, calls and visits that reflect the leadership team of the Party Committee of the Provincial Cooperative Bank and its members, as well as the main leaders and leading cadres in important positions of internal institutions, the main leaders of the Party Committee of the Municipal (Prefectural) Audit Center, and the main leaders of the Party Committee of the County (City, District) Bank.
Currently, the position of chairman of the Guizhou Provincial Cooperative Bank is vacant. In April this year, the Guizhou Provincial People's Government agreed to recommend Yang Song as a candidate for director and chairman of the Guizhou Provincial Cooperative Bank. Yang Song was formerly the party secretary and director of the Guizhou Provincial Local Financial Supervision and Administration Bureau (Guizhou Provincial Financial Work Office). Before being recommended as the candidate for chairman of the Guizhou Provincial Cooperative Bank, he had already served as the party secretary of the Guizhou Provincial Cooperative Bank.
According to the information on the leadership members disclosed on the official website of Guizhou Rural Credit Cooperatives, the current Party Secretary and Chairman of the Guizhou Rural Credit Cooperatives is Yang Song. With the transfer of former Director Hu Kai to the position of Chairman of Guizhou Financial Holding Group Co., Ltd. in March this year, the position of Director of Guizhou Rural Credit Cooperatives is temporarily vacant.
According to the employee recruitment information released by the Rural Credit Cooperatives of Guizhou Province in July this year, the Rural Credit Cooperatives of Guizhou Province are composed of the provincial federation and its 61 rural commercial banks and 23 county-level rural credit cooperatives. It has 2,199 business outlets, 26,900 employees, and total assets of 1,107.9 billion yuan, ranking first in the banking industry in Guizhou Province. It is the banking financial institution with the largest business scale, the widest service coverage, and the largest number of employees in Guizhou Province.
It is worth mentioning that at the beginning of this year,Guizhou Province announced the establishment of Guizhou Rural Commercial BankAccording to the "2024 Government Work Report Key Task Responsibility Division Plan" issued by the General Office of the Guizhou Provincial People's Government, the establishment of Guizhou Rural Commercial Bank will be led by the Financial Office of the Guizhou Provincial Party Committee, and the Guizhou Provincial Cooperative Bank will be one of the responsible units.
On May 29, the Guizhou Provincial Cooperative Bank issued a relevant bidding announcement on the Guizhou Provincial Bidding and Tendering Public Service Platform in order to deepen reforms, soliciting legal service providers, asset appraisal service providers, and audit and appraisal service providers.
Among them, the tender notice for soliciting legal service providers shows that in order to promote the restructuring of Guizhou Provincial Cooperative Bank and the establishment of Guizhou Rural Commercial Bank in accordance with the law, Guizhou Provincial Cooperative Bank plans to hire a law firm to participate in the entire process of the establishment of Guizhou Rural Commercial Bank. The services include assisting in the drafting of the feasibility study report for the establishment of Guizhou Rural Commercial Bank and the work plan for the establishment of Guizhou Rural Commercial Bank.
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