Wang Bin was double -opened: Lai Xiaomin was very close, his brother Wang Qiang "two in two outs and two outs" Huarong

"China Economic Weekly" reporter Yang Lin | Beijing report

On September 1, the Central Commission for Discipline Inspection announced that Wang Bin, the former party secretary and chairman of China Life Insurance (Group) Company, was seriously opened.

According to the report of the Central Commission for Discipline Inspection: Wang Bin lost his ideals and beliefs, abandoned his original mission, was indifferent to political awareness, refused to implement the Party Central Committee on preventing and resolving major decision -making and deployment of financial risks. Strictly govern the responsibility of the party's subject, engage in any person, only benefit, seriously pollute the political ecology of the unit where the unit is located, the party governs the party is loose and soft, unwilling to supervise, conflict with supervision, and fight against organizational review; , Accepting tourism arrangements and banquets that may affect fair execution of official duties; do not report personal matters in accordance with regulations; borrow huge amounts of money on management and service targets, and have non -listed companies shares in violation of regulations; Confly and even help his relatives carry out violations of discipline and law; there is no fear, good at power, and even actively seeking rental by "hunting" or even actively leased. The profit is not illegally received.

In January of this year, after Wang Bin was investigated, Wang Qiang, chairman of the board of directors of Huayong Jinkongyuan, was also lost.

According to media reports, the two are brothers, Wang Bin is his brother, and Wang Qiang is his brother. Wang Bin and the former chairman of Huarong Company Lai Xiaomin were very close, and Wang Qiang was therefore "two -in -two out" in Huarong.

Wang Qiang and Wang Bin managed the company to provide financing to the same company

Wang Qiang was the general manager of Huarong International Holdings, and then left Huarong. In June 2016, he returned to Huarong again and served as the president of Huarong Financial Holdings. In February 2017, he served as an executive director and chief executive officer, and the chairman of the board of directors in April 2017. In April 2018, Lai Xiaomin's case was issued; November, Wang Qiang left Huarong.

Wang Qiang's resume shows that before he served as Huarong Financial Holdings (00993.HK), he was the general manager of China Huarong International Holdings. In 2017, China Huarong International Holdings was the controlling shareholder of Huarong Investment (02277.HK).

On August 24, 2017, Xinyu Huarong Shengyuan Company, an indirect wholly -owned subsidiary of Huarong Investment, provided a loan of RMB 680 million to Qingdao Jiayaohua. At that time, the two parties still had consulting business. Three years later, coupled with the principal and liquidated damages of consulting business, a total of RMB 906 million. In 2020, Huarong Financial Holding Privatization Huarong Investment, the relevant creditor's rights also returned to Huayong Financial Holdings. On December 28, 2020, Huarong Financial Holdings's company transferred the claims and eventually sold RMB 680 million. Compared with the transaction price, the loss is RMB 226 million.

Qingdao Jiayaohua Real Estate Co., Ltd. is a Carnival International (00996.HK) indirect non -all -funded subsidiary. The chairman and important shareholders of Carnival International are Jing Baifu.

Jingbaifu was the chairman of Shida Computer (600734.SH), the actual controller. Shida Computer announced on November 17, 2020 that the company's shares held by Beijing Angzhan Technology Development Co., Ltd. holding 36.71%of the company's shares were frozen by the company. Tianyancha APP shows that the actual controller of Beijing Angzhan Technology Development Co., Ltd. is also Jingbaifu.

China Taiping also "blood transfusion" to Jingbaifu related companies.

On August 14, 2015, Taiping Trust Co., Ltd., a subsidiary of China Taiping (00966.HK), spent $ 250 million to subscribe to Carnival International's exchanges.

According to the data, China Taiping is the only central management financial enterprise in China in my country. In 2012, it was included in the central management and was promoted to a deputy ministerial financial central enterprise. Completed reorganization and overall listing in 2013. From March 2012 to September 2018, Wang Bin was the chairman of the company.

In January 2022, Wang Bin was suspected of serious disciplinary violations and accepted discipline review and supervision investigation by the State Commission for Discipline Inspection.

People who are familiar with the internal business of Huarong Financial Holdings say that there are vulnerabilities in supervision in overseas Chinese financial institutions. Under capital hunting and collusion in inside and outside, some of these institutions have flowed to places where they should not flow, resulting in a large amount of large amounts, which has led to a large amount of large amounts, which has led to a large amount of large amounts, which has led to a large amount of large amount. Loss of state -owned funds. Both Wang Qiang and Wang Bin managed the same company to provide financing. Wang Qiang's management company also provides financing for Wang Bin's associated company.

Wang Qiang's management company provides financing for Wang Bin related companies

Wang Qiang joined Huarong Financial Holdings in June 2016 and served as the deputy president of administration. In February 2017, he served as an executive director and chief executive officer, and the chairman of the board of directors in April 2017.

In June 2017, Taiping Asset Management (Hong Kong) Co., Ltd., a subsidiary of China Taiping, is an important shareholder of Baocheng Finance (01282.HK) and holds 19%of the shares. On November 8, 2017, Huayong Financial Holdings provided a regular loan financing of 800 million Hong Kong dollars to the shareholders of Baoxin Financial, with a interest rate of only 6.5%. The shareholders were mortgaged with 28.44%of Baoxin Finance.

At that time, Wang Bin was the chairman and party secretary of China Taiping Insurance Group.

Is it reasonable to provide this loan with a 6.5%interest rate?

Huari Financial Holdings received funds from China Huarong, with a financing interest rate of 4.598%to 7.98%. Generally speaking, bank loans to mortgage loans have a loan interest at least 2 percentage points higher than absorbing deposit interest. According to this calculation, Huari Financial Holding's interest rates provided loans should be at least 6.598%to 9.98%. In 2017, Wang Qiang, then chairman of Huarong Financial Holdings, said: "We strengthen risk control and all projects are kept within the acceptable risk range." Establish long -term partnerships to establish long -term partnerships.

In November 2018, Wang Qiang stepped down all his positions in Huari Financial Holding.

According to media reports, in January of this year, after Wang Bin's dismissal, Wang Qiang lost contact.

From 2018 to 2020, Huari Financial Holding's net profit attributable to the shareholders of the parent company (hereinafter referred to as "net profit") lost 1.5 billion yuan, 1.545 billion yuan, and 2.786 billion yuan, respectively. In the company, the "King of Losses" has been the "King of Lost" for three consecutive years. In 2021, the company's net loss was HK $ 1.823 billion.

The above -mentioned people familiar with Huarong Financial Holdings internal business told the China Economic Weekly that Wang Qiang led a number of customers introduced by Huarong Financial Control to "explode" one after another, causing continuous losses to the company. The scale of China's Taiping financing under Wang Bin is hundreds of millions of yuan.

As mentioned in the report of Wang Bin's "double opening" in the Central Commission for Discipline Inspection, his family style was corrupt, and his long -term extreme indulgence and even helping his relatives conducted violations of discipline and laws; there was no fear, good at power, and even actively leased by "hunting" or even actively seeking rental. Public power is used as a tool to capture huge private interests, and uses job convenience to make benefits for others in loan financing and project cooperation, and illegally receive huge property.

Responsible | Yao Kun

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