On the morning of July 30, it was learned from the two provincial commissions for discipline inspection that Wang Hanbing, Secretary of the Party Committee and Chairman of Hubei Yangtze River Economic Belt Industrial Fund Management Co., Ltd., was investigated for serious violations of discipline and illegal duties, and was taken detention measures; Zhejiang Provincial Transportation InvestmentLi Xueping, member of the party committee and deputy general manager of the Group Co., Ltd., was investigated for alleged violations of discipline and law.

It is reported that in 2015, the Standing Committee of the Hubei Provincial Party Committee decided to invest 40 billion yuan from the provincial finance, and raise 160 billion yuan from financial institutions, large state-owned enterprises, well-known investment institutions, etc., and set up a provincial-level industry with a total scale of 200 billion yuan.fund.At the end of 2015, within two months of taking office, Wang Hanbing won 270 billion yuan of cooperation projects.In the same year, Zhejiang Provincial Communications Investment Group Corporation stated that Zhejiang Communications Investment's total assets were 207.593 billion yuan, becoming the first state-owned enterprise in the province whose total assets exceeded 200 billion yuan.

Two leading cadres of state-owned enterprises were investigated on the same day

Wang Hanbing's data map (from the Internet)

Today (July 30) morning, according to the news from the Hubei Provincial Commission for Discipline Inspection and Supervision: Wang Hanbing, Secretary of the Party Committee and Chairman of Hubei Yangtze River Economic Belt Industrial Fund Management Co., Ltd., is suspected of serious violations of discipline and illegal duties.Measures of detention were taken.

On January 9, 2005, the 2014 (fifth) Hubei Provincial Outstanding Young Entrepreneurs Series Selection Awards and Excellent Young Entrepreneurs Entrepreneurship Sharing University Tour co-sponsored by the Hubei Provincial Committee of the Communist Youth League and Hubei Daily Media Group was held at Huazhong University of Science and Technology.Dabai News noticed that Wang Hanbing, then chairman of Hubei Zhongjing SME Investment Co., Ltd., was selected as one of the top ten outstanding young entrepreneurs in Hubei Province.

According to public information, in November 2015, Wang Hanbing was transferred to the party secretary and chairman of Hubei Yangtze River Economic Belt Industrial Fund Management Co., Ltd.Since then, Wang Hanbing has led the Yangtze River Economic Belt Industrial Fund Management Co., Ltd. to leverage social investment extensively and divert it to the real economy.It is reported that less than two months after he took office, Wang Hanbing took the lead in winning 270 billion yuan of cooperation projects, driving the Yangtze River Economic Belt Industrial Fund to officially play its role.

Subsequently, Dabai News learned from the website of Zhejiang Provincial Commission for Discipline Inspection and Provincial Supervisory Committee that Li Xueping, a member of the party committee and deputy general manager of Zhejiang Transportation Investment Group Co., Ltd., is suspected of violating discipline and law, and is currently undergoing disciplinary review and supervisory investigation.According to public information, he has served in this position for nearly 10 years.

Both of them work for the Hundred Billion Leading Group

The Yangtze River Economic Belt Industrial Fund Management Company is the largest fund in China.According to reports, the provincial finance funded 40 billion yuan to initiate the establishment of a guiding fund. The guiding fund raised social funds and initiated multiple parent funds with a total scale of about 200 billion yuan, which together constitute the Hubei Provincial Yangtze River Economic Belt Industrial Fund.The fund of funds then realizes foreign investment by initiating sub-funds or direct investment, and strives to enlarge it to 400 billion yuan, and eventually drives about 1 trillion yuan of social investment to the real economy.

On December 30, 2005, the Hubei Provincial Yangtze River Economic Belt Industry Fund was officially launched in Wuhan.The fund signed a total of 40 cooperation agreements with CDB, ICBC Credit Suisse, DFJ and other banks and investment companies on the same day, and the contracted funds for the projects exceeded 270 billion yuan.Wang Hanbing, who took office in November of the same year, signed an agreement on the establishment of a management team with relevant organizations on behalf of the company.

Zhejiang Transportation Investment Group Co., Ltd., which Li Xueping has cultivated for more than 10 years, is also a 100 billion investment group.In 2015, Zhejiang Communications Investment stated that the company's total assets were 207.593 billion yuan and the owner's equity was 46.677 billion yuan, and Zhejiang Communications Investment became the first state-owned enterprise in Zhejiang Province with total assets exceeding 200 billion yuan.

It is reported that under the circumstance that the macro-economy is facing greater downward pressure, Zhejiang Communications Investment has achieved good economic benefits through a series of measures such as deepening reforms, integrating resources, focusing on cultivation, reducing costs and increasing efficiency, with a revenue of 16.731 billion yuan and a netThe profit was 1.608 billion yuan, an increase of 204.2% over the previous year.The owner's equity and profit ranked second after Zhejiang Energy Group.[Sources: Hubei Provincial Commission for Discipline Inspection and Supervision Website, Jingchu.com, Zhejiang Provincial Commission for Discipline Inspection and Provincial Supervision Website, China Economic Net, China Securities Journal middot; Jinniu Financial Network, Zhejiang Online-Zhejiang Daily]