With the change of president of China Merchants Bank, can Wang Liang continue the growth of China Merchants Bank? Let's discuss this issue below, hoping that this content can help friends in need.
Tian Huiyu, who had been in charge for nearly ten years, was dismissed from the post of president of China Merchants Bank. On April 18, the board of directors of China Merchants Bank held a working meeting and allowed Tian Huiyu to be removed from the positions of president and executive director of China Merchants Bank and to be appointed separately. China Merchants Bank is temporarily chaired by Wang Liang, Vice President of the Standing Committee, Chief Financial Officer and Secretary of the Board of Directors. It should be noted that Tian Huiyu did not attend the meeting due to personal reasons.
The removal of the president shall take effect from the effective date of the resolution of the board of directors, and the removal of the executive director shall be submitted to the shareholders' meeting for resolution. That night, China Merchants Bank announced the above information. On April 18, China Merchants Bank's new home stock price plummeted from that day onwards. It once fell by more than 8 yuan per share, and the stock price touched at least 42.78 yuan per share. Finally, China Merchants Bank reported 43.39 yuan per share, with an increase or decrease of 7.35. The current total market value is approximately 1.09 trillion yuan, 86.756 billion yuan less than the previous trading day.
In 2013, Tian Huiyu came from China Construction Bank to China Merchants Bank and succeeded Ma Weihua as president. During his nearly ten years in office, Tian Huiyu led China Merchants Bank to transform and develop into large asset management, with remarkable results. According to the latest news, Tian Huiyu may serve as the director (standing member) of the Office of the China Merchants Financial Business Group/Platform Executive Committee and the deputy general manager (general assistant level of the group) of China Merchants Financial Group Co., Ltd. However, this information has not been confirmed by China Merchants Bank. Once the sailors leave, where will the trillion-yuan ship of China Merchants Bank sail to?
When Tian Huiyu arrived at China Merchants Bank, there was an accident in the sales market. In May 2013, Ma Weihua retired and Tian Huiyu passed the ball. At the time of handover, China Merchants Bank's retail management system had been established and was well received. Tian Huiyu, who has no comprehensive work experience in organizing the head office, is subject to external suspicion. Some shareholders even asked Tian Huiyu on the spot at the shareholders' meeting, "China Merchants Bank is a slow-moving ship that is slowly being overtaken by its competitors. Where can you send it after you take office?"
Although he arrived here, the 48-year-old Tian Huiyu has a rich resume. He has a bachelor's degree in MPA from Columbia University and has been practicing in commercial banks for many years. He has served as vice president of Shanghai Branch and president of Shenzhen Branch of China Construction Bank. In April 2011, he served as head of retail business of China Construction Bank and deputy general manager of Beijing Branch. City branch president.
After taking office, Tian Huiyu made great progress. At the beginning of 2014, he clearly stated in the work report of China Merchants Bank that we should accelerate the completion of the second transformation and development and establish the overall goal of transformation and development of "one body and two wings" with retail finance as the main actor and the manufacturer and wholesale finance industry enjoying the development. In 2017, he established the precise positioning of China Merchants Bank as an Internet financial institution, and in 2020 he clearly proposed the overall goal of building a wealth system management.
Tian Huiyu said at the sales performance promotion meeting, "The overall growth rate of large asset management income reached 33.91, driving a rapid increase in non-interest income." In 2021, China Merchants Bank clearly proposed to create a "large asset management The 3.0 model of the "intelligent operating model, the structural approach combined with the openness to the outside world", the large asset management operating model is proceeding smoothly.
Wang Liang, who presides over the work, is an senior citizen of China Merchants Bank. In the same year as Tian Huiyu, he holds a postgraduate diploma in currency and banking from Renmin University of China and is a senior accountant. In June 1995, Wang Liang joined China Merchants Bank and served as assistant to the president, deputy president, and president of Beijing Branch. In June 2012, he served as assistant to the president and president of Beijing Branch of China Merchants Bank. Three years later, Wang Liang was promoted to vice president of China Merchants Bank and served as secretary to the board of directors of the bank in November 2016. From April 2019, he would no longer serve as secretary to the board of directors of China Merchants Bank and became financial director of China Merchants Bank. In August 2019, he served as secretary to the board of directors of China Merchants Bank. Chairman of the Board of Supervisors of China Merchants Bank.
In August 2021, Wang Liang went a step further and was promoted to Vice President of the Standing Committee of China Merchants Bank and Secretary to the Board of Directors. Previously, the position of Vice President of the Standing Committee of China Merchants Bank had been vacant for more than two years.
At the sales performance promotion meeting on March 21, 2022, Wang Liang spoke many times and discussed his predictions for industry development. His analysis pointed out that based on the performance improvement in the first quarter and the situation since the beginning of the year, the production and operation of commercial banks in 2022, including China Merchants Bank, will be under great pressure. Commercial banks will encounter difficulties in their growth and face huge risks. .
Wang Liang emphasized that judging from the overall improvement since the beginning of 2022, the bank’s various expense budgets and plans at the beginning of this year may maintain a relatively stable upward trend. The technical indicator of zero is within the end-of-year cost budget plan, "but the time is still very short, less than three months, and we need to see further development trends."
At this stage, China Merchants Bank has The real estate business process still adopts the strategy of “have the pressure”. Wang Liang emphasized at the performance promotion meeting that real estate developers should be divided into two to consider that in addition to insurance claims real estate companies, there are still most high-quality real estate companies in the field. “We will choose some outstanding real estate developers. To strengthen cooperation, M&A loans are one of the cooperation models."
China Merchants Bank clearly proposed for the first time in the 2021 annual report that "cautiously promote the development trend of credit card business" and replace it with "building a bank credit card customer expansion portfolio model". "Improving the efficiency of bank credit card customer expansion". Previously, Wang Liang pointed out that risks in 2021 will still be relatively low, and China Merchants Bank will adjust its access conditions for credit card customers and the growth rate of credit card loans.