Lifetime disqualification!, Jusihua Cancellation | Information | Jusihua

Recently, an administrative penalty information released on the official website of the State Administration of Financial Supervision and Administration showed that Ju Sihua, former assistant to the president of Bohai Bank Suzhou Branch, has been disqualified from serving as a director and senior manager of the banking industry for life by the Suzhou Regulatory Branch of the State Administration of Financial Supervision and Administration, mainly involving three illegal and irregular facts.

It is reported that Ju Sihua is a veteran in the financial industry of Jiangsu. He has worked at multiple securities firms in Jiangsu and has also held positions such as Director of the Tianjin Branch Office of Bohai Bank, President of Nantong Branch, Party Committee Member of Suzhou Branch, and Assistant to the President.

Last December, Ju Sihua was under investigation by the Nantong Municipal Supervision Commission on suspicion of serious illegal activities.

Responsible for managing the causes of illegal and irregular cases

According to the Administrative Penalty Information Disclosure Form, Ju Sihua was held responsible for the inadequate management of the transfer of loan funds to bank note deposits, real estate development loans, and the untrue data of inclusive small and micro enterprise loans at the Suzhou Branch of Bohai Bank. As a result, the Suzhou Regulatory Bureau imposed an administrative penalty of "revoking the qualifications of bank directors and senior managers for life".

In July of this year, Bohai Bank Suzhou Branch and one related person in charge were fined a total of 2.26 million yuan by regulatory authorities. Among them, the Suzhou branch of Bohai Bank was fined 2.2 million yuan for transferring loan funds to bank note deposits, inadequate management of real estate development loans, inaccurate data on inclusive small and micro enterprise loans, and inadequate post loan management of personal loans. Wang Yuqing, the relevant person in charge, was fined 60000 yuan for inadequate post loan management of personal loans in the branch.

The Commercial Bank Law of the People's Republic of China shows that if a commercial bank violates the provisions of this law, the banking regulatory authority of the State Council may, based on different circumstances, cancel the qualifications of its directly responsible directors and senior management personnel for a certain period of time up to life, and prohibit the directly responsible directors, senior management personnel, and other directly responsible personnel from engaging in banking work for a certain period of time up to life.

If the behavior of a commercial bank does not constitute a crime, the directly responsible directors, senior management personnel, and other directly responsible personnel shall be given a warning and fined not less than 50000 yuan but not more than 500000 yuan.

Years of financial industry veteran

It is worth mentioning that in December 2022, Ju Sihua was suspected of serious illegal activities and was under investigation by the Nantong Municipal Supervision Commission.

Ju Sihua, born in February 1970 in Gaoyou, Jiangsu, is a veteran of the financial industry in Jiangsu.

According to information disclosed on the website of the Jiangsu Provincial Commission for Discipline Inspection and Supervision, in 1994, at the age of 24, Ju Sihua was appointed as the Marketing Department Manager of Huatai Securities Zhonghua Road Branch, and at the age of 30, he was appointed as the Assistant General Manager of Yancheng Branch. In less than a year, he was promoted to the General Manager of Huatai Securities Tianjin Branch. In September 2005, he served as the Deputy General Manager of the Nanjing Zhongshan North Road Business Department of United Securities.

In November 2008, 38 year old Ju Sihua switched from a securities firm to a bank. He has successively served as the Administrative Manager and Office Director of the Comprehensive Management Department of Bohai Bank Tianjin Branch, as well as the General Manager of the Comprehensive and Human Resources Department and Marketing Department of Bohai Bank Nanjing Branch.

In April 2016, at the age of 46, Ju Sihua was appointed as the leader of the preparatory group for the Nantong Branch of Bohai Bank. Seven months later, he became the president of the Nantong Branch of Bohai Bank; In July 2019, he was appointed as a member of the Party Committee and Assistant to the President of Bohai Bank Suzhou Branch.

The overall quality of assets remains stable

According to official website information, Bohai Bank is the only newly established national joint-stock commercial bank since the revision of the Commercial Bank Law of China in 2003. It is the first national joint-stock commercial bank to introduce overseas strategic investors during the initial establishment phase since 2000. Established on December 30, 2005, officially opened to the public in February 2006. It was listed on the main board of the Hong Kong Stock Exchange in July 2020.

Since its listing, Bohai Bank's overall asset liability scale has steadily expanded, with both assets and liabilities increasing. Data shows that as of the end of 2020, 2021, and 2022, the total assets of Bohai Bank were 1.39 trillion yuan, 1.58 trillion yuan, and 1.66 trillion yuan, respectively; The total liabilities are 1.29 trillion yuan, 1.48 trillion yuan, and 1.55 trillion yuan, respectively.

According to the 2022 annual report, Bohai Bank achieved a revenue of 26.465 billion yuan, a year-on-year decrease of 9.35%; Realized a net profit of 6.107 billion yuan, a year-on-year decrease of 29.23%.

In terms of asset quality, Bohai Bank has maintained a stable overall trend and overall risk is controllable. The data shows that as of the end of 2022, the non-performing loan ratio of the bank was 1.76%, which is the same as the end of the previous year. The level of provision coverage has increased compared to the end of last year, reaching 150.95%. In addition, the capital adequacy ratio of the bank is 11.50%, which meets regulatory requirements.

As of August 9th, Bohai Bank closed at HKD 1.12 per share, down 0.88%.