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Source: Jintong News Agency

Liu Jin, 57, who has served as the president of Bank of China for more than three years, missed a meeting of the board of directors of Bank of China.

On the evening of August 19, Bank of China issued an announcement stating that the company held the seventh board meeting of 2024 in Beijing on the same day with on-site voting. The meeting notice was delivered to all directors and supervisors of the Bank in writing and by email on August 12, 2024.

The announcement showed that the meeting was chaired by Chairman Ge Haijiao, 14 directors were supposed to attend the meeting, and 13 directors attended in person. Vice Chairman and Executive Director Liu Jin did not attend the meeting due to other arrangements.

Jintong News Agency noticed that Liu Jin did not authorize other directors to attend and vote on his behalf at this board meeting.

Looking at previous Bank of China board announcements, if a director was unable to attend in person, the reason would generally be stated in the announcement, such as "due to other important business"; and other directors would generally be required to be authorized to attend and vote on their behalf.

At the Bank of China board meeting on August 19, due to the absence of Vice Chairman and Executive Director Liu Jin, the total votes of the 14 directors were only 13.

Similar situations have occurred in Bank of China before.

At the board meeting of Bank of China held on March 9, 2023, the then chairman Liu Lianget and director Wang Wei did not attend the meeting. The specific reasons were not stated in the announcement, and they did not authorize other directors to attend and vote. As a result, there were only 13 votes out of 15 directors, which is also in line with relevant regulations.

The situation at the time was that the then-chairman Liu Lianget had been removed from his position as party secretary and was officially announced to have been removed from office on March 31; and the then-director Wang Wei also resigned on March 21 due to age reasons.

Although Liu Jin was absent from the board meeting on August 19, Bank of China stated in the announcement of the board meeting that the convening of the meeting was in compliance with the provisions of the Company Law of the People's Republic of China and other relevant laws, administrative regulations, departmental regulations, normative documents and the Articles of Association of Bank of China Limited.

It is not uncommon for President Liu Jin to be absent from board meetings. Bank of China's 2023 financial report shows that there were 13 board meetings that year, of which Liu Jin attended 11 and was absent twice.

Liu Jin officially took office at Bank of China on February 25, 2021, as deputy secretary of the Party Committee, and is expected to be appointed as vice chairman and president.

On March 16, the board of directors of Bank of China approved the appointment of Liu Jin as president of the bank. On April 26, his qualifications were approved and Liu Jin officially took office as president.

According to his resume, Liu Jin was born in 1967, graduated from Shandong University with a master's degree in English language and literature, and holds the title of senior economist.

Liu Jin started his career at the Industrial and Commercial Bank of China, and has served successively as representative of the ICBC London Representative Office, general manager, party committee member and deputy president of the International Business Department of Shandong Branch, vice chairman, executive director, general manager of ICBC Europe and general manager of ICBC Frankfurt Branch, general manager of the Investment Banking Department of the ICBC Head Office, party committee secretary and president of Jiangsu Branch, and member of the party committee and deputy president of the China Development Bank.

In November 2019, Liu Jin was transferred from the position of vice president of China Development Bank to the position of deputy secretary of the Party Committee of China Everbright Bank. He became president in January 2020 and executive director in March. At the same time, he also served as a member of the Party Committee and executive director of China Everbright Group. Before being transferred to Bank of China, he had been in the Everbright system for just over a year.

Liu Lianget, who once worked with Liu Jin as chairman of the Bank of China, was officially announced to have been removed from office on March 31, 2023.

On April 24 this year, the first trial of Liu Liange's bribery and illegal loan issuance case was held in Jinan, Shandong. Liu Liange was accused of accepting bribes of more than 121 million yuan and illegally issuing loans totaling more than 3.32 billion yuan, causing a loss of more than 190 million yuan in principal.

In April this year, the mobilization meeting for the inspection of the Party Committee of Bank of China by the Ninth Central Inspection Team was held. The Central Inspection Team will work in Bank of China for about three months. According to the regulations on inspection work, the Central Inspection Team mainly accepts letters, calls and visits reflecting problems of the leading group of the Party Committee of Bank of China Co., Ltd. and its members, the main leaders of the next-level party organizations and key positions, with a focus on reports and reflections on violations of political discipline, organizational discipline, integrity discipline, mass discipline, work discipline and life discipline.