The former head of Shandong "trillions of state -owned enterprises" was investigated

With the development of Shandong Expressway Group

Sun Liang's personal color is getting heavier

The group's promotional video has almost become his personal promotional video

Even some personal worship colors

Recently, the Shandong Provincial Commission for Discipline Inspection issued news: Sun Liang, the former member of the Standing Committee of the CPPCC and former deputy director of the proposal committee, was suspected of serious illegal illegal and duty crimes, and was investigated.

Sun Liang is 64 years old. Compared with his position of the CPPCC, his other identity is more widely known — the former chairman of Shandong Expressway Group Co., Ltd. (provincial management hall -level state -owned enterprise, hereinafter referred to as Shandong Expressway Group). About half a month before his official announcement was investigated, the company ranked first among the Fortune 500 list of Fortune, becoming the only new company in Shandong Province this year.

Sun Liang's career started from an ordinary accountant and eventually grew into a head -at -level state -owned enterprise boss. During his tenure, Shandong Expressway Group developed rapidly.

In 2020, Shandong Expressway Group and Qilu Transportation Development Group jointly reorganized, and the group's asset scale exceeded the trillion yuan mark for the first time. At present, the group's registered capital is 45.9 billion yuan, and the total assets exceeded 1.2 trillion yuan. There are 6 listed companies including Qilu Expressway and Weihai Bank.

"China News Weekly" learned from a number of people close to the Shandong high -speed group that in life, Sun Liang has a clear personality, pays great attention to personal instruments, loves to wear famous brands, and carefully shows his "Confucian business" image to the outside world; It was very strong and dominated the transformation of the Shandong Express Group, and finally stepped on the red line and was investigated, which was regrettable.

Photo/Visual China

"Too high -profile, so happy"

Sun Liang was born in May 1958, from Yantai, Shandong. In December 1975, at the age of 17, he entered Jinan Automobile Transportation Company in Shandong Province as an accountant. Six years later, he was transferred to the planning and finance department of the Shandong Provincial Department of Transportation, and later he was promoted to the director of the Planning and Finance Division.

In May 2001, Sun Liang was transferred to Shandong Highway Co., Ltd., and successively served as directors and deputy general managers. In 2005, the company's name changed to Shandong Provincial Expressway Group Co., Ltd.. In October of the same year, he became a director, manager, and deputy secretary of the party committee. In January 2008, the company name became Shandong Expressway Group Co., Ltd.

In July 2009, Sun Liang served as chairman and party secretary of Shandong High -speed Group, and later served as chairman of Shandong Expressway Co., Ltd. and chairman of Shandong Railway Construction Investment Co., Ltd.

Some local media people in Shandong said that Sun Liang rarely talked about his deeds before the Shandong Expressway Group. Even if interviews were interviewed, most of them focused on the strategic planning of the entire group, and there were very few personal information. Therefore, his schooling experience before his career, his work in the car transportation company and the Provincial Department of Transportation, is well known.

(Information picture) Sun Liang. Photo/Visual China

Ye Xiaoning (pseudonym), a person close to the Shandong Express Group, told China News Weekly that Sun Liang's decision -making is strong and full of energy, but he is too confident and high -profile.

Ye Xiaoning said that Sun Liang was a period of rapid development of Shandong Expressway Group. His business operation and capital operation concepts have a certain reputation among the leaders of Shandong state -owned enterprises. During his tenure, the development of Shandong Express Group developed from a single highway operation to a large transportation enterprise group, which to a certain extent solved the problem that highway charges were difficult to continue to develop in the later stage. The company's asset scale and total profit have achieved dozens of times the growth of dozens of times, becoming the largest provincial management enterprise in Shandong.

In the past, under the leadership of Sun Liang, Shandong High -speed Group invested and constructed Shandong High -speed Jiaozhou Bay Bridge setting 22 new records in China and the World Bridge, and launched the "Shandong Road" and "Shandong Bridge" brand across the country and the world.

In addition, the Shandong Expressway Group implemented a "going global" strategy. The investment and operation areas have successively involved 22 provinces and overseas countries and regions, with a total investment of 70 billion yuan. In 2013, he successfully won the E763 highway project of Serbia E763 highway at the birthplace of the highway. In March 2015, Shandong Expressway Group held the fourth largest French passenger transport and the second largest airport in French transportation, Tuluz Airport. This is also the first overseas airport acquired by Chinese enterprises.

However, many interviewees believe that during the development of Shandong High -speed Group, the outside world has exaggerated Sun Liang's personal role. During his helm, the rapid development of the group was largely inseparable from the policy support of Shandong Province at that time.

An interviewee said to "China News Weekly" for example that from 2008 to 2010, Shandong's state -owned assets were integrated, and transportation and infrastructure companies such as the provincial local railway bureau, agricultural investment company, and Qilu Construction Group Corporation were transferred to transfer To the Shandong Expressway Group, the group's industry enriches the industry, which is conducive to bigger and stronger.

According to the data, in April 2008, the Shandong SASAC transferred Qilu Construction Group Company to Shandong Expressway Group for free and established the Shandong Expressway Qilu Construction Group Corporation.

While it was smooth and smooth, Sun Liang also wanted to take a path of "business and excellence".

Several interviewees told China News Weekly that Sun Liang and Ji Yanqi, then chairman of Lu Shang Group, competed the deputy governor of Shandong Province and failed to do so. But in the end, the two well -known state -owned enterprises in Shandong ended with their dismissal.

In January 2013, Ji Yanqi was elected as the deputy governor of Shandong Province and was responsible for education, civil affairs, culture, tourism, radio film and television, etc. Five years later, he was checked on the deputy governor. On March 19, 2019, he was sentenced to fourteen years for his bribery and corruption. Sun Liang loves sports, especially to play table tennis. In September 2014, the third national road worker table tennis contest was opened in Jinan, and Sun Liang hung up. At that time, the media reported: "In the morning public servant invitation competition, Sun Liang, a player of the Shandong high -speed group team, responded coldly."

Those who are familiar with the matter said that Sun Liang also recruited several retired professional table tennis players to accompany him to play.

Several insiders told "China News Weekly" that Sun Liang pays great attention to personal instruments, and usually dress is very particular. Some clothes are still customized and have his name on it.

While paying attention to his personal instrument, he is also very concerned about personal honor. Public information shows that he has nearly 20 honorary titles, including "2006 Shandong Excellent Managers", "National User Satisfaction Outstanding Managers", "Shandong Province Model Model", "Top Ten Influential Entrepreneurs in Reform and Opening and Opening" " China's Economic Annual People "" Top Ten Merchants in China "and so on.

Among all honors, in 2013, Sun Liang was elected CCTV's annual economic figures and became his personal highlight. The award word mentioned that a provincial -level highway group can repair the highway to the birthplace of the highway, which is done by Sun Liang's team.

Li Kai (a pseudonym) who studied the history of the development of Shandong Express Group told "China News Weekly" that with the development of the Shandong Express Group, Sun Liang's personal color is getting heavier and heavier, "especially the Shandong Expressway high -speed speed speed speed (Group) The promotional video has almost become his personal promotional video, and even some personal worship. "

For a long time, Shandong highway mileage has maintained the country first in the country for many years. Shandong is also the first province with a mileage of 1,000 kilometers and 3,000 kilometers in the country in Shandong. However, the development was slow. At the same time, negative news such as "over -speeding points for fines, too much speeding points", "cliff -type speed limit" and other negative news are often reported.

On February 22, 2018, Shandong Province held a "Mobilization Conference on the General Engineering Mobilization of New and Old and Old Energy Conversion". Liu Jiayi, then Secretary of the Shandong Provincial Party Committee, said that Shandong faced the dilemma of "chasing from others to chasing others". He specifically mentioned the shortcomings of the Shandong high -speed speed: there was a saying "Guangdong's bridge and Shandong Road" a few years ago, but now the opening mileage of the highway in Shandong Province has fallen to the eighth place in the country. 20 %, only one provincial passage from the high -speed rail, and the high -speed rail in the province has not yet achieved interconnection.

On July 4 of the same year, due to his age, Sun Liang left for 17 years of state -owned enterprises and served as the member of the Standing Committee of the CPPCC and the Deputy Director of the Proposal Committee.

On August 3, 2022, the 2022 "Fortune" World Fortune 500 list was announced. The Shandong Expressway Group was on the list for the first time, ranking 458th, with revenue of US $ 31135.8 billion. 13 days later, Sun Liang was checked.

Several insiders said that before, the outside world had been rumored to be investigated, but did not expect that when everyone thought that he had settled peacefully, he suddenly fell off.

It is worth noting that the day before Sun Liang was investigated, another official in Shandong's transportation system was investigated. On August 15th, according to the website of the Shandong Provincial Commission for Discipline Inspection, Jia Yuliang, the former party secretary and director of the Jinan Urban and Rural Transportation Bureau, was investigated.

Jia Yuliang has served in the Shandong Transportation System for many years and has also served as the director of the Jinan City Planning Bureau and the director of the Municipal Public Utilities Bureau.

The controversy behind "Financial Route"

Sun Liang was considered by the outside world as a master of capital operations. He proposed that through capital operations quickly, bigger and stronger enterprises, and often quoted the Nobel Prize winner Steglitz- "Throughout the history of world enterprises, all of those big companies have developed through mergers and acquisitions. "".

In 2014, at a symposium of "transforming and upgrading the statement of state -owned enterprises", Sun Liang said when he talked about capital operation and upgraded, "I used to borrow chickens and eggs, with eggs and chickens. Eggs have formed a benign development of asset exchange, money purchase assets, and assets to make money. "

He said that in the 1990s, the path of "borrowing chicken with eggs with eggs and chickens" can be done, but after market -oriented operation, it is difficult to do, so it is simply by capital operation. Don't pay off the chicken. " Later, Sun Liang also put forward the capital operation development ideas of "change money, money to build roads, roads to make money, and money".

Some analysts said that as a Shandong state -owned capital investment company, Shandong Highway Group has gradually transformed from the original relying on highway traffic fees from highway, and its business expansion to engineering construction, financial financing management, road industry, new energy, new materials, green chemical industry In the field, the idea of ​​capital mergers and acquisitions is indeed inseparable.

According to the official website of Shandong Expressway Group, Sun Liang has promoted the Group's main business from highways to "large transportation, large logistics" expansion: starting from 2006, the company jumped out of the highway, and the business structure covers investment, construction, management, management highways, bridges, bridges, bridges, bridges, and bridges, and bridges, and bridges, and bridges, and bridges, and bridges, and bridges, and bridges, and bridges, and bridges, and bridges, and bridges, and bridges. Railway, port, shipping, logistics and other fields.

It is worth noting that during the tenure of Sun Liang, Shandong Expressway Group vigorously expanded the financial industry.

According to media reports, the transformation of Shandong Express Group to finance starts from asset securitization. In order to solve the dilemma of funds, the Shandong high -speed group initially pushed its high -quality highway assets listing financing. In 2002, Shandong Infrastructure (600350.SH) was successfully listed, issued 505 million shares, raised funds of 1.29 billion yuan, not only repaying 553 million yuan of World Bank loans, but also using 680 million yuan in cash to purchase the second bridge of the Huanghe River in Jinan, and supplemented Moral capital. In July 2018, there were local media reports in Shandong that in the past few years, Shandong Expressway Group has built large financial sectors including Weihai Commercial Bank, Taishan Property & Casualty Insurance, and Shandong Express Fund Company.

While Sun Liang took charge of the Shandong Express Group, the financial industry surpassed the highway and became the first main business of the group. According to data disclosed at the 2018 Working Conference of Shandong Expressway Group, finance has risen to the group's largest industry, accounting for 44.7 %; the highway ranks second, accounting for 25.6 %; Compared with 18.8 %.

The meeting also disclosed that in 2017, Shandong High -speed Group's operating income was 66.8 billion yuan, the total profit was 6.6 billion yuan, and the net profit attributable to the parent company was 2.77 billion yuan, an increase of 13.2 %, 25.6 %, and 65.9 % year -on -year. Close to 600 billion yuan, and continue to maintain the first place in provincial management enterprises and the country in the country.

Data show that as of the end of 2018, the last year of Sun Liang's term, the total assets of Shandong Express Group have increased from 269.6 billion yuan in early 2014 to 614.5 billion yuan.

In July 2018, Zou Qingzhong replaced Sun Liang as the secretary of the party committee and chairman of Shandong High -speed Group Co., Ltd. On July 20 of that year, the Shandong Expressway Group held a meeting of corporate development and production and operation dispatching meetings in the first half of the year.

Regarding the two leaders' attitude towards the financial industry, the local media in Shandong at the time quoted insiders inside the state -owned system in a report, saying that "the financial layout of the high -speed group over the past few years, to some extent, it has been separated from being separated from the departure from being separated from the departure. The main business, some leaders are not satisfied with this direction of development. "

It is worth noting that when Sun Liang pushed the financial line, he also had an intersection with the Everbright Department. On July 26, according to the Discipline Inspection and Supervision Team of the State Commission for Discipline Inspection and the Everbright Group, and the Anhui Provincial Commission for Discipline Inspection, Chen Shuang, former party secretary and chief executive officer of China Everbright Holdings Co., Ltd., was investigated.

Some interviewees said that when Chen Shuangzhuang's Zhengguang Da Holdings, Shandong High -speed Group and Everbright Holdings jointly launched the establishment of Shandong High -speed Optical Control Industry Investment Fund.

Tianyancha shows that on June 28, 2013, the fund management center (limited partnership) of the Chief of Stock Investment Fund of Zhuhai Hengqin New District was established with a registered capital of 247 million yuan. Among them, Zhongguanghui Technology Co., Ltd. and Sun Qianru's shareholding accounted for 95 % and 5 %, respectively. Sun Qianru also served as a partner of executive affairs, while the latter was the daughter of Sun Liang.

Real Estate Blasting Thunder was investigated?

When Sun Liang was in charge of Shandong Express Group, he was still keen to invest in real estate. He once said, "Why should we develop real estate? We mainly invest in railways and ports. These are long -term investment. It is better for long -term development. But the characteristics of the real estate industry are that the short -term development is fast, so we use short -term development to make up for long -term development."

However, in a sense, it is difficult for Shandong Express Group to enter the real estate industry. At the beginning of 2015, some media sorted out relevant information and found that more than 20 shares participating in Shandong High -speed Group involved in the shareholding and holding real estate companies, all of which are affiliated with their Shandong Expressway shares and the Shandong Expressway Qilu Construction Group Corporation.

Public data at that time showed that 10 real estate companies affiliated to Shandong High -speed Co., Ltd. were at a loss; and the 2015 annual report showed that of the companies that controlled the shares, 11 companies were the main business of real estate, 8 of which lost money.

After the cross -border real estate of the Shandong Express Group, the most watched incident is to invest in Evergrande Real Estate. This is also one of the factors that have been speculated by the outside world.

In 2017, Xu Jiayin, chairman of the board of directors of Evergrande Group, became the top richest list of Forbes Chinese rich list with 280 billion wealth. In the same year, Evergrande promoted the deep houses and listed Evergrande's A shares. To this end, Evergrande Real Estate conducted a three -wheeled capital increase of capital increases throughout the year, with a total capital increase of 130 billion yuan, of which the Shandong Expressway Group contributed a total of 23 billion yuan, becoming Evergrande's second largest shareholder.

An insider told the China News Weekly that although the Shandong Expressway Group's Zhaotou Investment Evergrande was a decision that the board of directors at that time, Sun Liang played a leading role in the decision. This also laid a foreshadowing for the group's fall into the real estate dilemma.

It is reported that Sun Liang and Xu Jiayin met in a event in 2013. They originally arranged for half an hour of communication, because the two had a good conversation and talked for more than an hour. Later, in the expansion of Evergrande, Sun Liang and Shandong Expressway Group gave Ding strong support.

Ye Xiaoning said that individual subsidiaries under the Shandong Express Group have project cooperation with Evergrande Shandong Company, but the scale is not large. Caixin.com quoted a number of people close to Evergrande reports that "Sun Liang and Shandong Expressway Group are definitely the big gold owner of Xu Jiayin.

On March 31, 2018, Sun Liang's high -profile show of Evergrande Group's "2018 Strategic Partners Partner Summit" site. Due to the event site, in addition to Xu Jiayin and Sun Liang, the chairman of Suning Holdings Group Zhang Jindong and Zhengwei International Board of Directors gathered Chairman Wang Wenyin, Far East Holdings Chairman Jiang Xipi, Chairman of Golden Mantis Zhu Xingliang, and Sofia Home Director Changjiang Junjun. Therefore, this is also known as the "super friend circle" of Xu Jiayin. At the end of 2020, Shandong Expressway Group and Shenzhen Talent Anju Group (a city with a special state -owned state -owned company responsible for public housing investment construction and operation management, hereinafter referred to as Shenzhen Talent Anju) signed an equity transfer agreement. The degree reduced the huge losses caused by Evergrande's thunder.

Zhang Bin, director of the Shandong Provincial SASAC, said that since 2019, Shandong has planned the main business of 28 provincial enterprises, and has formulated a three -year action plan for the three -year operation of non -main business. For the eight major development strategies and the top ten industries in Shandong, we must be stronger and bigger.

Caixin.com reported that from November to December 2020, Shandong Expressway Group signed an equity transfer agreement with Shenzhen Talent House twice to transfer all Evergrande equity, but in September 2021 Metropolitan equity funds have not been recovered so far. In addition, the Shandong Expressway Group also provided other financing to Evergrande, totaling tens of billions of yuan, and in the end, the holes were unknown.

"China News Weekly" was informed that the Shandong Expressway Group has submitted an arbitration application to the China International Economic and Trade Arbitration Commission (Beijing). At present, the arbitration results have not been announced.

It is worth noting that in recent days, Shenzhen talents have also been investigated. On August 23, the Shenzhen Municipal Commission for Discipline Inspection disclosed that Liu Hui, deputy general manager of Shenzhen Talent, was investigated.

According to the media, the fuse that Sun Liang was investigated directly was real estate. Ye Xiaoning said that after Evergrande, the relevant departments of Shandong Province listed the cooperation between Shandong Expressway Group and Evergrande Group as the key concerns and conducted many audits.

He also revealed that when the Shandong Expressway Group cooperated with Evergrande Group at that time, he set up the provisions of the gambling. If Evergrande Real Estate did not complete the reorganization in accordance with the agreement and listed on A shares, the war investor could choose to withdraw from the conditions, and there was a guarantee income.

But no one expected that after Evergrande's thunder, Shandong high -speed group was in a real estate difficulties.

It is worth noting that in the report that Sun Liang was investigated, the official used the expression of "suspected duty crime". In the initial notification, the Commission for Discipline Inspection is not uncommon to use this word.

Job crime refers to the use of existing power, corruption, bribery, private fraud, abuse of power, neglecting duties, infringement of citizens' personal rights, democratic rights, destroying the country's official activities to official activities, and destroying the country's personal rights, abuse of their existing powers, and destroying the country's public service activities. Regulatory regulations, in accordance with the criminal law, criminal punishment shall be punished.

Ye Xiaoning said that the specific content of the suspected crime is still difficult to judge at present, depending on the investigation results of the disciplinary inspection and supervision agency.

Send 2022.9.5 Total Issue 1059 "China News Weekly" magazine

Magazine title: The former head of Shandong "trillions of state -owned enterprises" was investigated

Reporter: Zhou Qunfeng ([email protected])

Edit: Cai Rupeng

Operation editor: Xiao Ran

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