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Chairman Wang Binghua Attends SPIC Officers Conference on Finance Services
Source:Writer:Date:19/01/2017

On December 3, Chairman Wang Binghua, members of SPIC Leadership Group, Chief Accountant Wang Yihua gathered at the SPIC Officers Conference which was organized by SPIC Capital Holding Company Limited (Capital Holdings) and SPIC Finance Company Limited (Finance Company) and presided by Mr. Wang Zhenjing, Executive Director and Secretary of CPC Leadership Group of Capital Holdings in Beijing.

 Chairman Wang Binghua indicated that adjustment, appointment and optimization of executive teams of Capital Holdings and Finance Company imply recognition to finance services performance, mark SPIC’s finance services entering a new stage of growth, echo with directions defined by party building conferences of all state-owned enterprises and requirements on implementation of the five standards put forth by President Xi Jinping specific to state-owned enterprise executives, and on further improvement of exchanges among the executives.

 

With regard to the next steps, Chairman Wang Binghua put forward specific requirements based on SPIC’s development strategies to: reach a common understanding, stand up for general interests, resolutely uphold and implement decisions and deployment of the Leadership Group, live up to expectations of SPIC Leadership Group and all members of executive teams and staff, continue strengthening party building work, keep the party’s leaders full informed of all aspects of corporate governance, integrate the Leadership Group into corporate governance structure, coordinate domestic and overseas markets, further deepen combination of industry and finance internally, enhance market competitiveness and operation efficiency of finance services externally, strike to make innovations, perform duties under delegations of SPIC well, gradually advance professional managers pilot program based on the characteristics of state-owned enterprise and reality of SPIC and act as a SPIC reform pioneer. Chairman Wang Binghua also required keeping constantly tighter control on overall risk management of finance services so as to guarantee a safe, health and sustainable development.

 

Chief Accountant Wang Yihua considered the adjustment as an important deployment and arrangement derived from “corner overtaking” strategy of SPIC Leadership Group and development blueprint. Such adjustment is based on operating practices of finance sectors and regulatory requirements, and has taken function positioning and governance logic of Capital Holdings and Financial Company into account. Mr. Wang Yihua highlighted that officers at all levels should proactively keep pace with the Leadership Group, perform their duties well, give work reports for this year and plans for the coming year, focus on reform and development work, seize opportunities arising out of the current economic downturn and capital operation, switch their roles quickly, adjust working concepts, improve capabilities, make joint efforts to grow the division into a finance services model in the sector of power.

 

Mr. Hu Jiandong, Deputy Chief Engineer and General Manager of Department of Human Resources of SPIC announced decisions on appointment and dismissal of officers of Capital Holdings and Finance Company.

 

More than 60 attendees from SPIC General Office, Department of Human Resources, Department of Finance and Assets Management, Capital Holdings and Finance Company were present at the Conference which was held via video.

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