The chairman of Tianjin Rural Commercial Bank committed suicide by cutting his wrist： the inspection team just entered the incident involving overseas Chinese in April.

According to Jinyun News, the reporter learned from the public security organs that at about 14 o’clock on May 26, Yin Jinbao, Party Secretary and Chairman of Tianjin Rural Commercial Bank, cut his wrist and died in the office. According to the preliminary investigation on site, homicide has been ruled out.

The Beijing News and the wealth management gang (ID: banglicai) called Yin Jinbao, showing that the dialed user had been paged many times and could not be connected for the time being. Huang Weizhong, president of Tianjin Rural Commercial Bank, said yesterday when he was informed of the willingness of the Beijing News and the financial management gang to interview: "Sorry, I am in a hurry now." Then hung up the phone.

Yin Jinbao, 54, has a smooth career. Since November 2017, he has served as the chairman of Tianjin Rural Commercial Bank. Before that, he worked in Tianjin Branch of Agricultural Bank of China and binhai rural commercial bank of Tianjin, and served as the president of Tianjin binhai rural commercial bank. The Beijing News and wealth management gang (ID: banglicai) learned that Yin Jinbao’s annual salary before tax in 2015 was 926,000 yuan.

Judging from the bank’s annual report, the performance of Tianjin Binhai Rural Commercial Bank fell sharply in 2017, and the net profit fell by more than 41% year-on-year; In the past two years, the performance of Tianjin Rural Commercial Bank has also been poor. The NPL ratio of both banks is above 2%. Tianjin Binhai Rural Commercial Bank was also fined 160 million yuan for the case of "overseas Chinese prospering debts". Yin Jinbao was still in the term of Tianjin Binhai Rural Commercial Bank when the case broke out.

It is worth mentioning that according to the news of official website, CPC Central Commission for Discipline Inspection on May 2, all the 10 inspection teams of the third round of the 11th Tianjin Municipal Committee completed their stationing work, and this round of inspection lasted for 2 months. Among them, the municipal party Committee visited six groups to station in Tianjin Rural Commercial Bank and Tianjin Binhai Rural Commercial Bank.

The Beijing News and the wealth management gang (ID: banglicai) dialed the telephone number announced by the Sixth Group of the Municipal Party Committee. The other party said that "the reception of the inspection teams stationed in two banks here only receives calls that reflect problems during the inspection, and other issues are not convenient to disclose."

Beijing News reporter: Hou Runfang, Zhu Yiyi

Yin Jinbao was promoted to chairman of the bank last year.

The annual salary was 926,000 yuan two years ago.

Jinyun News, which first reported the news, is the client of Northern Network. According to official website of Northern Network, this is the media directly operated and managed by Northern New Media, and it is the news portal of Tianjin. The controlling shareholder of Northern New Media is Tianjin Radio and Television Station, and Tianjin Daily is also one of its shareholders.

According to public information, Yin Jinbao was born in February 1964 in Hengshui, Hebei Province. He joined the Communist Party of China (CPC) in December 1995 and joined the work in July 1985. He has a full-time university degree and is a senior economist.

Yin Jinbao has successively worked in China Agricultural Bank Tianjin Branch, Tianjin binhai rural commercial bank and Tianjin Rural Commercial Bank.

Among them, the resume of China Agricultural Bank, according to the 2016 annual report of Binhai Rural Commercial Bank, Yin Jinbao became a loan officer of Tianjin Baodi Sub-branch of Agricultural Bank of China in July 1985, and successively worked in the Credit Department of Tianjin Branch, Haihe Sub-branch and Nankai Sub-branch; From April 2004 to October 2010, he served as member of the Party Committee and vice president of Tianjin Branch of Agricultural Bank of China (from September 2004 to March 2006, he served as member of the Party Committee, secretary of the Disciplinary Committee and vice president of Tianjin Branch of Agricultural Bank of China).

According to the annual report of Binhai Rural Commercial Bank, after Yin Jinbao was transferred to Binhai Rural Commercial Bank in October 2010, he served as vice president (executive) from October 2010 to March 2014, and served as president and deputy secretary of the Party Committee from March 2014 to July 2017.

According to public information, since July 2017, Yin Jinbao has served as Party Secretary of Tianjin Rural Commercial Bank Co., Ltd. and as Chairman of Tianjin Rural Commercial Bank since November 2017.

Official website of Binhai Rural Commercial Bank published in December 2017 a "2015 Annual Remuneration Table of the Person in Charge of the Municipal Management Enterprise", showing that Yin Jinbao received two parts of pre-tax remuneration in Binhai Rural Commercial Bank in 2015, of which the salary payable was 640,700 yuan, the same as Zhao Feng, Chairman of Binhai Rural Commercial Bank, and Jin Liming, Chairman of the Board of Supervisors, which was the highest; In addition, the other part of the remuneration is paid by social insurance, enterprise annuity, supplementary medical insurance and housing provident fund units, totaling 285,367.72 yuan. When the two incomes are combined, Yin Jinbao’s pre-tax remuneration from Binhai Rural Commercial Bank in 2015 is 926,067.72 yuan.

Image source: official website, Tianjin Binhai Rural Commercial Bank

The last public appearance was in March this year.

Zeng mentioned that urbanization is an opportunity for coastal rural commercial banks.

Yin Jinbao’s last appearance with news reports was on March 22 this year when he went to Tianjin Wuqing Village Bank to conduct research. According to the report of People’s Daily Tianjin Channel, Yin Jinbao went to the headquarters and another branch of Wuqing Rural Bank to learn about the organizational structure and personnel management of the local bank, and compared the business development of Tianjin Rural Commercial Bank with that of Wuqing Rural Bank. Then he went to the countryside to learn about local industrial characteristics and financial needs from farmers.

The Beijing News and wealth management gang (ID: bang licai) combed Yin Jinbao’s public appearance activities, and found that Yin Jinbao, as a manager who has worked in China Agricultural Bank and Binhai Rural Commercial Bank for many years, had more contacts with agricultural financial institutions and had put forward his own opinions.

In May 2016, Yin Jinbao, then president of Binhai Rural Commercial Bank, participated in an inspection tour of well-known financial institutions in Shenzhen, Fujian and Xiamen organized by the Rural Commercial Bank Development Alliance. In his speech at the exchange meeting, he mentioned: "The first stage for rural commercial banks to upgrade their customer service is’ no small matter’ and’ endless service’. Now they have to upgrade to’ the highest standard courtesy service’. This service needs to learn advanced scientific and technological services and upgrade their service attitude, and gradually form a departmental structure in which the organs serve the grassroots, the backstage serves the front desk, the whole staff serves the business and the whole behavior serves customers."

In June 2015, Yin Jinbao, as the representative of Binhai Rural Commercial Bank, signed cooperation agreements with the presidents of Tianjin Zhejiang Chamber of Commerce, Zhejiang Yueqing Chamber of Commerce, Taizhou Chamber of Commerce, Cangnan Chamber of Commerce and Lighting Chamber of Commerce respectively, saying that it was intended to realize the docking of small and micro enterprises with banks and solve financing problems. Among them, Binhai Rural Commercial Bank granted a total credit of 5 billion yuan to Tianjin Zhejiang Chamber of Commerce.

In February 2013, China Financial Times interviewed Yin Jinbao in a report entitled "Urbanization: Great Opportunities for Small Banks". He was then the executive vice president of Binhai Rural Commercial Bank. In the report, Yin Jinbao regards urbanization as "a new opportunity for us (referring to Binhai Rural Commercial Bank)". In his view, urbanization has provided many opportunities for banks, such as the follow-up infrastructure for rural housing renovation, the large-scale operation of agricultural industrialization, and the development of industrial projects in surrounding industrial parks, which will bring huge financing space. Therefore, he proposed that it is an inevitable choice for Binhai Rural Commercial Bank to make a fuss based on the word "agriculture", and institutions have also accelerated the innovation of financial products and services to better connect agriculture-related and small and micro enterprises.

At the beginning of 2016, Northern New Finance Research Institute (NFI), a new think tank initiated by China Financial Forty Forum (CF40) and strategically cooperated with Tianjin Municipal People’s Government, was established in Tianjin. Binhai Rural Commercial Bank and Tianjin Rural Commercial Bank are both governing units of NFI. In January 2017, Yin Jinbao participated in a closed-door seminar of NFI with the theme of "Bank Debt-to-equity swap and supply-side reform" as a representative of Binhai Rural Commercial Bank.

Inspection team stationed in April

The two banks where Yin Jinbao worked.

It is noteworthy that, according to the information of official website, the Supervisory Committee of the Tianjin Municipal Commission for Discipline Inspection, as of April 20th this year, all 10 inspection teams of the third round of the 11th Tianjin Municipal Committee have completed their stationing work, and this round of inspection lasted for two months. Inspected 22 municipal state-owned enterprise party organizations, including Tianjin Port (Group) Co., Ltd., Bohai Iron and Steel Group Co., Ltd., Tianjin Food Group Co., Ltd., Tianjin Rail Transit Group Co., Ltd., Tianjin Bank Co., Ltd. and Tianjin Publishing Media Group Co., Ltd..

According to the information list of patrol stationing announced by CPC Central Commission for Discipline Inspection and official website, the Supervision Committee of Tianjin Commission for Discipline Inspection, six groups of municipal party committee patrol stationing in Tianjin Rural Commercial Bank and Tianjin Binhai Rural Commercial Bank. The Beijing News and the wealth management gang (ID: banglicai) dialed the telephone number announced by the Sixth Group of the Municipal Party Committee. The other party said: "This is the reception of the inspection teams stationed in two banks, and only calls reflecting problems during the inspection are received. Other issues are not convenient to disclose."

Image source: CPC Central Commission for Discipline Inspection website

Zeng Zhuzheng Tianjin Binhai Rural Commercial Bank

Last year, the performance fell by more than 40%

He was involved in the "Overseas Chinese Debt" and was fined 160 million yuan

According to public information, Yin Jinbao worked in Tianjin Binhai Rural Commercial Bank from March 2014 to 2017, and served as the president and deputy secretary of the Party Committee of Tianjin Binhai Rural Commercial Bank.

The annual report of Tianjin Binhai Rural Commercial Bank shows that the performance of the bank fell sharply in 2017. In 2017, the bank’s operating income, total profit and net profit were 2.122 billion yuan, 615 million yuan and 504 million yuan respectively, down by 46.34%, 45.59% and 41.73% year-on-year.

Among them, the decline in net interest income led to a sharp decline in revenue. In 2017, the bank’s net interest income was 2.036 billion yuan, a sharp drop of 45.28% year-on-year.

In addition, the NPL ratio of Tianjin Binhai Rural Commercial Bank is above 2%, and the NPL ratios in 2016 and 2017 are 2.35% and 2.29% respectively, which is higher than the industry level of 1.74% announced by the CBRC.

It is worth noting that Tianjin Binhai Rural Commercial Bank was fined for the case of "overseas Chinese debts".

On December 29th, 2017, the China Banking Regulatory Commission issued a notice on "Investigating and Punishing the Funded Institutions of Guangfa Bank in Violation of Guarantee Cases according to Law", which imposed administrative penalties on 13 funded institutions involved in the case, including China Postal Savings Bank, hengfeng bank, Zhengzhou Branch of Industrial Bank, Qingdao Branch of Industrial Bank, China Railway Trust Co., Ltd., Hebei Financial Leasing Co., Ltd., Gan ‘an County Rural Credit Cooperative Association of Jilin Province and six rural commercial banks.

Among them, six rural commercial banks were fined 287.4 million yuan. Among the six rural commercial banks, Tianjin Binhai Rural Commercial Bank was fined the most. Because of its "accepting the credit guarantee from a third-party financial institution in violation of national regulations and engaging in investment activities", Tianjin Banking Regulatory Bureau confiscated 80,423,100 yuan of illegal income, and imposed a fine of 80,423,100 yuan, totaling nearly 160.8 million yuan. The responsible persons Geng Zhixiang, Xiang Ming and Zhou Dongsheng were all warned and fined 100,000 yuan.

According to the 2017 annual report of Tianjin Binhai Rural Commercial Bank, on November 2, 2015, the Bank provided financing to Qiaoxing Group and Qiaoxing Telecom by investing in the asset management plan set up by Wanjia Win-Win Asset Management Company, with a term of one year. Huizhou Branch of Guangfa Bank signed the Contract for the Transfer of Beneficial Rights of the Asset Management Plan with the Bank, promising to undertake the obligation and responsibility of unconditionally and irrevocably transferring the beneficial rights of the asset management plan for Qiaoxing Project. On November 2, 2016, when the investment expired, the enterprise defaulted and failed to repay the investment principal of the Bank on time. After repeated collection, however, due to the media exposure of the enterprise involved in the issue of private placement bond due to non-payment, the business difficulties of the enterprise increased, and it was impossible to repay all the principal normally.

Tianjin Rural Commercial Bank’s revenue declined last year.

In the past three years, the non-performing rate has been above 2%

According to official website, Tianjin Rural Commercial Bank, the predecessor of Tianjin Rural Commercial Bank is Tianjin Rural Credit Cooperative, which has a history of more than 60 years. In June 2010, it was formally restructured and listed, and it is a modern mixed-ownership commercial bank with actual control of local state-owned assets. Tianjin Rural Commercial Bank has 443 operating institutions, including 1 head office, 2 branches, 3 business divisions, 9 first-tier branches, 176 second-tier branches, 1 third-tier branch and 251 branch offices.

According to the 2017 annual report of Tianjin Rural Commercial Bank, Yin Jinbao has been the Party Secretary of Tianjin Rural Commercial Bank since July 2017 and the Chairman of Tianjin Rural Commercial Bank since November 2017.

In the past two years, the performance of Tianjin Rural Commercial Bank has also been poor. According to the annual report, the bank’s revenue in 2015, 2016 and 2017 was 8.415 billion yuan, 7.734 billion yuan and 7.129 billion yuan respectively, with growth rates of 11.57%, -6.93% and -9.3% respectively.

The bank’s profit growth rate also fluctuated. In 2015, 2016 and 2017, the net profit attributable to shareholders of Tianjin Rural Commercial Bank was 2.598 billion yuan, 2.617 billion yuan and 2.400 billion yuan respectively, with growth rates of 9.20%, 0.72% and 22.14% respectively.

In the past three years, the NPL ratio of the bank was above 2%, and the NPL ratios in 2015, 2016 and 2017 were 2.47%, 2.47% and 2.48% respectively. According to the data released by the China Banking Regulatory Commission, the NPL ratios of commercial banks at the end of 2015, 2016 and 2017 were 1.67%, 1.74% and 1.74% respectively, and the NPL ratio of Tianjin Rural Commercial Bank was much higher than the industry level.