China Oriental Asset Management Co., Ltd. (hereinafter referred to as China Oriental Assets) official website shows that Wang Zhanfeng, Secretary of the Party Committee and Chairman of China Huarongyuan, has replaced Wu Yue as the secretary of the China Oriental Assets Party Committee.

According to the surging news report, on March 30, China Huarong held a meeting of leading cadres to announce the appointment and removal of the main person in charge.The CBRC party committee decided to avoid Wang Zhanfeng's secretary of the China Huarong Party Committee, and suggested that the chairman and executive director position are recommended, and there is another use.At the same time, the Party Committee of CITIC Group decided that Liu Zhengjun, a member of the Party Committee and Deputy General Manager of CITIC Group, also served as the secretary of the China Huarong Party Committee, and recommended nominated as chairman.

During his tenure, Wang Zhanfeng, a 55 -year -old Wang Zhanfeng, pushed China Huarong's continuous "weight loss" and returned to the main business.Turn losses into profit.

In April 2018, Wang Zhanfeng, then the former director of the Guangdong Banking Regulatory Bureau, replaced Lai Xiaomin as the secretary of the China Huarong Party Committee, and officially took over as chairman and executive director in September of that year.

Public information shows that Wang Zhanfeng was born in 1967. He graduated from the School of Finance, School of Finance, School of Finance, Southwest University of Finance and Economics.

Wang Zhanfeng has a wealth of regulatory agencies. From January 2003 to July 2003, he served as the vice president of the Qingdao Central Branch of the People's Bank of China. From September 2003 to December 2005, he served as Qingdao Banking Regulatory SupervisionDeputy Director of the Bureau, from December 2005 to October 2011, he served as Deputy Director of the Supervision Department of the China Banking Regulatory Commission Cooperation Financial Institution. From October 2011 to April 2014, he served as Secretary of the Party Committee and Director of the Shanxi Banking Regulatory Bureau. From April 2014 to 2018,In April, he served as the secretary of the party committee and director of the Guangdong Banking Regulatory Bureau.

This means that in the next stage of China Oriental Assets, Wang Zhanfeng will be partnered with Deng Zhiyi, the current president of China Oriental and the director of the Trust Department of the former CBRC, and a vice president of China Oriental Assets.The three president assistants were Zhang Xiangdong, Ding Jianping, and Lu Zhenyu.

China Oriental Assets issued an announcement on the official website on March 14, announcing that Wu Yue resigned from the position of chairman, executive director and chairman of the strategic development committee of the company because of reaching the retirement age.In order to ensure that the company's various tasks are carried out normally, the board of directors appointed Deng Zhiyi, the company's president, and the chairman of the board of directors and the chairman of the Strategic Development Committee of the Board.

It is worth mentioning that Wu Yue also worked as a supervision system for many years before he served as the oriental assets of China.According to public information, Wu Yue served as the secretary of the Chinese Oriental Assets Party Committee in 2014. Previously, Wu Yue was the former director of the Personnel Department of the China Banking Regulatory Commission, director of the Party Committee Organization Department, director of the Information Center of the Banking Regulatory Commission, former director of the Jilin Banking Regulatory Bureau, and director of Qingdao Banking Regulatory Bureau.

Deng Zhiyi, the current president of China Oriental Assets, was born in 1965. He was the former director of the Shanxi Banking Regulatory Bureau and the director of the Hubei Banking Regulatory Bureau.Director of the Ministry, served as the president of China Eastern Assets in August 2018.

China Oriental Assets is approved by the State Council of the State Council of China. The Central Financial Enterprise, which was jointly established by the Ministry of Finance of the People's Republic of China and the National Social Security Fund Council.In September 2016, it was restructured into a company limited company.As of the end of 2020, there were 26 branches across the country, with a total of nearly 60,000 employees.

In March of this year, China Oriental Assets disclosed in the latest phase of the financial debt fundraising manual that as of the end of September 2021, the registered capital was 68.242 billion yuan (RMB, the same below, about S $ 14.285 billion),The shareholding ratio of each shareholder is: 71.55%of the Ministry of Finance, 16.39%of the National Social Security Fund, 5.64%of China Telecom's shares, 4.4%of Guoxin Capital, and 2.02%of Shanghai Electric.

As of the end of 2020, the total assets of China Oriental were 1141.829 billion yuan, the total liabilities were 994.819 billion yuan, and the total shareholders' equity was 147.010 billion yuan. The net profit achieved a net profit of 10.554 billion yuan in 2020.

The four major AMCs (asset management companies) are all established in 1999. At the beginning of their establishment, they were responsible for peeling off the non -performing assets of the four major banks.Later, the joint -stock system was carried out, of which China Huarong and China Cinda were listed in Hong Kong stocks.

After Lai Xiaomin, the chairman of China Huarong, was dismissed in 2018, the corruption incident in the non -performing asset industry attracted much attention.In January of this year, Hu Xiaogang, former party committee member and vice president of Great Wall Asset Management Co., Ltd., was "double -opened".Hu Xiaogang has been serving in China Oriental Assets for a long time. From June 2013 to November 2018, he served as the vice president of China Oriental Assets Company.