Sun Dushun, the former president of CITIC Bank, was expelled from the party

The news that the former president of CITIC Bank was investigated was officially confirmed.

On March 20, the website of the National Commission for Discipline Inspection issued news. A few days ago, the National Commission for Discipline Inspection conducted an investigation and investigation of the issues of serious disciplinary violations of the former party committee and president of CITIC Bank Co., Ltd. Sun Deshun.

As early as August 2019, the media reported that Sun Dushun was in a state of loss.Several people close to CITIC said that Sun Dushun was investigated, but has never been officially confirmed.People familiar with the matter call Sun Dushun or real estate financing.

The National Supervision Commission of the Central Commission for Discipline Inspection reported that Sun Dushun lost his ideals and beliefs, had no political consciousness and overall awareness, and seriously violated the Party Central Committee's decision -making and deployment of the financial service real economy.Borrowing real estate from loan customers shall be paid by others to be borne by themselves; do not report personal matters in accordance with regulations, and illegally seek benefits for others during employees; values are extremely distorted.Enterprises seize huge benefits for myself and relatives and friends; greedy expanded, regarded loan approval power as a bargaining chip for personal interests, hooking back with illegal merchants, engaging in power transactions, and using duties in terms of loan credit, approval and other aspectsConvenience to benefit others and illegally receive huge property.

The report stated that Sun Dushun seriously violated the party's political discipline, organizational discipline, integrity discipline, work discipline and lifestyle discipline, constituted serious duties and suspected bribery crimes, and did not converge or end after the 18th National Congress of the Communist Party of China. It was corruption in the financial field.The problem of particularly serious problems, particularly bad nature, and particularly huge amounts should be dealt with seriously.In accordance with the relevant regulations of the People's Republic of China on Disciplinary Actions of the Communist Party of China, the Standing Committee of the Central Commission for Discipline Inspection was decided to be expelled from the party;The procuratorate reviewed and prosecuted in accordance with the law, and the property involved was transferred with the case.

Resume shows that Sun Dushun was born in November 1958 and has been the president of CITIC Bank since July 20, 2016.Prior to this, Sun Dushun worked at the Industrial and Commercial Bank of China, Bank of Communications and other units, of which CITIC Bank Deputy Governor was in the past five years.

In February 2019, Sun Dushun left as the president of CITIC Bank, but retained the position of chairman of CITIC Bank (International) Co., Ltd.At that time, CITIC Bank announced that due to age, Sun Dushun no longer served as the executive director, president, chairman of the board of directors, chairman of the risk management committee of the board, and members of the strategic development committee of the board of directors.

According to the 2017 and 2018 annual reports of CITIC Bank, the real estate and manufacturing loans are in the top two loans of CITIC Bank.The balance of loans in the industry such as strict control and compression of the exit industry decreased by 50.178 billion yuan from the end of the previous year.The 2018 annual report said.

It is worth noting that on the same day, CITIC Group changed the coach: Zhu He, the deputy governor of the central bank, was the party secretary of the Party Committee of CITIC Group, and Chang Zhenming no longer held the position.

Sun Dushun Resume

From April 1981 to May 1984, I worked at the People's Bank of China;

From May 1984 to November 2005, at the Haidian District Office of Industrial and Commercial Bank of China, Haidian District Sub -branch, Beijing Branch, Data Center (Beijing) and other units (period, December 1995 to November 2005, he served as Industrial and Commercial Bank of China.Assistant and Vice President of Beijing Branch, from January 1999 to April 2004, served as the general manager of the Data Center of Industrial and Commercial Bank of China (Beijing));

From December 2005 to December 2009, he served as the party secretary and president of the Beijing Branch of the Bank of Communications;

From January 2010 to October 2011, he served as vice president of Beijing Management Department and Secretary of the Party Committee and President of the Beijing Branch of the Bank of Communications;

In October 2011, he served as Deputy Secretary of the Party Committee of Zhongxin Bank;

From December 2011 to May 2014, Ren CITIC Bank Vice President;

From May 2014 to July 2016, Ren CITIC Bank Executive Vice President;

In July 2016, he was the president of Zhongxin Bank.(Resume is taken from CITIC Bank website)