Huang Xianhui, former party secretary of China Huarong Beijing Branch, was investigate

Huang Xianhui, former party committee secretary and general manager of China Huarong Asset Management Co., Ltd., was investigated for serious duties.

The website of the State Supervision Commission of the Central Committee of the Communist Party of China reported on Monday (April 3) that Huang Xianhui was suspected of serious duties of violations and is currently accepting the Discipline Inspection and Supervision Team of the Central Commission for Discipline Inspection and the Discipline Inspection and Supervision Team of CITICSupervision and investigation.

Securities Times.com previously reported that China Huarong announced on March 19th that after preliminary budget, the company's net loss in 2022 is expected to be 27.6 billion yuan (RMB, Same as S $ 5.4 billion) in 2022,Among them, in the second half of 2022, a loss was reduced by about 10.1 billion yuan from the first half of the year.

The analysis of China Huarong pointed out that the main factors affecting the performance of the year include: 1. Affected by fluctuations in the capital market, the fair value valuation of some equity financial assets decreases a large floating loss; 2. OptimizationAdjust the business layout, the scale of the assets and income of the acquisition of non -performing non -performing claims; 3. Affected by the macroeconomic situation and the downside of the real estate industry, the increase in credit impairment losses increases.

A spokesman for Huarong China Huarong said on March 19 that since the second half of 2022, various business indicators of Huarong Company have improved significantly, and various tasks have run out of "acceleration".A good trend has been formed.

The Ministry of Finance of China announced on the 17th of the Ministry of Finance on the 17th of Deloitte, one of the four major accounting firms in China Huarong and the four major international accounting firms.Internal control and risk control failure, serious distortion of accounting information.Huarong and seven subsidiaries were fined 100,000 yuan.

The Ministry of Finance also refers to the "serious audit defect" provided by Deloitte's audit services for Huarong.moon.