The financial field continues to fight "tiger", and Lin Jingzhen, former vice president of Bank of China, officially announced that he was investigated.
On September 9, the website of the Central Commission for Discipline Inspection and the National Supervisory Commission released a message that Lin Jingzhen, former member of the Party Committee and vice president of the Bank of China, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.
Lin Jingzhen is 60 years old and has worked for Bank of China for a long time. He has served as general manager of the corporate finance department of Bank of China, vice president of Bank of China Hong Kong (Holdings) Co., Ltd., and vice president of Bank of China.
Resigned at the beginning of the year and was suspected of missing contact a week ago
In early January this year, Bank of China Co., Ltd. issued an announcement stating that the bank's board of directors received Lin Jingzhen's resignation. Due to age reasons, Lin Jingzhen resigned from the bank's executive director and vice president. The resignation will take effect on January 7, 2025.
Public information shows that Lin Jingzhen was born in May 1965 and was not 60 years old when he resigned from the position of vice president of Bank of China. Just a week ago, some financial media said that Lin Jingzhen was suspected to be missing and his phone was turned off.
After resigning as deputy governor of Bank of China, there were few reports about Lin Jingzhen. Lin Jingzhen is from Wangchuan Town, Hui'an County, Quanzhou City, Fujian Province. He graduated from Xiamen University in 1987 with a bachelor's degree in economics. In the same year, he worked at Bank of China.
When Lin Jingzhen joined Bank of China in 1987 and resigned from the position of vice president of Bank of China in January 2025, Lin Jingzhen worked at Bank of China for more than 35 years. Public information shows that he was sent to work at the Hong Kong branch of Bank of China in his early years.
Xiamen University MBA official website mentioned when introducing alumnus Lin Jingzhen that Lin Jingzhen has held different positions in the Hong Kong Branch of Bank of China, Xiamen Branch, Fujian Branch and head office.
Before October 2010, Lin Jingzhen served as the customer relationship management director of the corporate business department of the Bank of China and the customer relationship director (company business) at the corporate finance headquarters. From October 2010 to May 2015, Lin Jingzhen served as general manager of the corporate finance headquarters (company business) and general manager of the corporate finance department of Bank of China.
From May 2015 to January 2018, Lin Jingzhen was appointed vice president of Bank of China Hong Kong (Holdings) Co., Ltd. and Bank of China (Hong Kong) Co., Ltd. (hereinafter referred to as Bank of China Hong Kong).
A veteran who has worked in the banking industry for decades told China Newsweek that Bank of China, where Lin Jingzhen worked, has a relatively high status in the Chinese banking system. The corporate finance department where Lin Jingzhen once worked is also one of the bank's most powerful departments.
Official information shows that Bank of China Hong Kong is a licensed bank registered in Hong Kong, China, one of the three banknote issuing banks in Hong Kong, China, is one of the rotating chairman of the Hong Kong Bank Association, and is also the only RMB business clearing bank in Hong Kong, China.
From March 2018 to January this year, Lin Jingzhen was appointed as the deputy governor of Bank of China. During this period, he served as chairman of BOChina International Holdings Co., Ltd., chairman of BOChina International Securities Co., Ltd., and non-executive director of BOChina Hong Kong (Holdings) Co., Ltd.
was once the number one vice president, in charge of multiple core departments
Public reports show that during his tenure as deputy governor of Bank of China, Lin Jingzhen was the first-ranked vice president and was in charge of multiple core business departments. Judging from the resume, its career trajectory covers multiple fields such as cross-border finance and corporate business.
China News Weekly noted that a few months before Lin Jingzhen resigned as deputy governor of Bank of China, from mid-April to mid-July last year, the Ninth Central Inspection Team inspected Bank of China Co., Ltd. during the third round of inspections of the 20th Central Committee.
According to the inspection work regulations, the central inspection team mainly accepts letters and calls that reflect the problems of the leadership team of the Party Committee of Bank of China Co., Ltd., its members, the main person in charge of the next-level party organizations and personnel in key positions, with the focus on reports and reflections on violations of political discipline, organizational discipline, integrity discipline, mass discipline, work discipline and life discipline.
In late October last year, the third round of inspections of the 20th Central Committee completed feedback. The Central Inspection Team also received clues about problems reflecting some leading cadres, which have been transferred to the Central Commission for Discipline Inspection and the National Supervisory Commission, the Central Organization Department and other relevant parties for handling in accordance with regulations.
The website of the Central Commission for Discipline Inspection and the National Supervisory Commission shows that since the Ninth Central Inspection Team inspected Bank of China Co., Ltd., from mid-April last year to September this year, at least 10 cadres in the Chinese banking system were investigated, many of whom were the former president and former vice president of the branch.
Specific personnel include: Guo Xingang, former president of the Zhejiang Branch of Bank of China, Yang Zhiguo, former deputy general manager of the data center, Huang Zhigang, former chief business manager of Hunan Branch, Xu Hongzhou, former deputy president of Guizhou Branch, Che Deyu, former president of Tianjin Branch, Liu Ming, former deputy president of Inner Mongolia Autonomous Region Branch, Ge Chunyao, former president of Sichuan Branch, Zhang Wenming, former deputy president of Guizhou Branch, and others.
In addition, Lin Jingzhen's former boss Liu Lianjie was investigated in March 2023. From June 2018 to March 2023, Liu Lianjie served as the president and chairman of Bank of China, and Lin Jingzhen served as the vice president of Bank of China. The two had a working intersection for nearly five years.
In November last year, Liu Liange was sentenced to death in the first instance for accepting bribes and illegally issuing loans, with a two-year reprieve and all his personal property was confiscated. The property and interest obtained from Liu Liange's crime of accepting bribes will be recovered according to law and handed over to the state treasury.
The court found that Liu Lianjie took advantage of his position as deputy president and president of the Export-Import Bank of China, president and chairman of Bank of China Co., Ltd. to provide assistance to relevant units and individuals in loan financing, project cooperation, personnel arrangements, etc., and illegally accepted property totaling more than RMB 121 million.
The court also found that from the end of 2017 to the beginning of 2020, during the period when Liu Lianjie served as the president of the Export-Import Bank of China and the chairman of Bank of China Co., Ltd., he knew that the relevant enterprises did not meet the conditions for issuing loans and violated the law, and promoted the issuance of loans to relevant enterprises totaling more than RMB 3.32 billion, resulting in a principal loss of more than RMB 190.7 million.
Reporter: Tong Xizhong
Editor: Sun Xiaobo
