Ding Lei, Wei Liucheng and other top 10 Chinese fi

2022-08-18
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Ding Lei and Wei Liucheng, China's top 10 financial celebrities, were elected

after experiencing the test of SARS, joining the WTO for two years, the economic growth rate of more than 8% is almost certain... In 2003, China's economy once again won the applause of the world

who provided us with new thinking in this year? Who leaped over the difficulties and suddenly rose in this year? Who triggered the magnificent waves of the financial situation this year

"China's top 10 financial celebrities in 2003" and "China's top 10 financial cutting-edge in 2003" were born in the air. Connect the differential probe to the unknown signal to be tested at both ends, "made in the morning news" will take you to know 20 new financial faces

after hard work, new entrepreneurial talents who have just risen are surging like the waves behind the Yangtze River. They are vigorous and radiant, covering the "old Jianghu". Therefore, almost all the financial figures you see here have changed their faces compared with last year

one of the international winners is Mundell, the father of the euro. We chose him because in 2003, he traveled around China several times and spoke out for the non appreciation of the RMB. Mundell's words and deeds deserve our respect

whether financial celebrities or financial cutting-edge, they all have a unique character, a long-term vision, and a mind that accepts all rivers; They have their own weapons and tricks, trying to change a certain area of China's economy...

from today on, we will review the ups and downs of this year with you, and slowly tell you the stories of these 20 "celebrities" and "cutting-edge"

in 2003, China's top 10 financial celebrities

1 Ding Lei

Ding Lei's wealth aura reached a peak in late October 2003

whether it's Forbes' rich list or Hurun's 100 rich list, the 32 year old young man is No.1. His assets have even proved to exceed the long-standing Rong family and become the first billionaire in Chinese Mainland to exceed $1billion

it is interesting to calculate Ding's wealth. As a controlling shareholder of Yi, after all, most of his wealth is still on the book. With the rise and fall of share prices, the throne of "Ding richest man" is not so stable. Fortunately, Ding Lei himself doesn't care about this false name, and he's even tired of fame. Because he was hurt by the media, he hasn't been interviewed by any media for more than two years

what is great sorrow and great joy? Just look at Ding Lei's experience. In June, 2000, Yi was listed in the United States "bleeding". It fell below US $1 for nine consecutive months, with a minimum of 53 cents, and was almost delisted. The most vicious speculation from the media was that "Ding Lei is going to prison". Since April, 2002, "goddess of luck" finally smiled at Ding Lei. Yi's share price soared to $70 at one time. It is said that some old employees who fled Yi "regret too much to eat"

Ding Lei is not a speculator who "took a bath in the morning tide and said he was a newcomer" described by Lu Xun. How many people have the courage to seriously do SMS download and network games in 2001? Ding Lei's success lies in his vision and persistence. Morning post zhangxuguang

2 Wei Liucheng

from CNOOC to Hainan by business and official

in that year, with the business card of "Chairman and CEO of CNOOC", Wei Liucheng once strongly recommended his painstaking work - CNOOC to overseas capital markets twice

On November 3, Wei Liucheng also appeared at the Boao Economic Forum for Asia with his carefully prepared business card. The business card is a small disc, which impressively records his new identity, the acting governor of Hainan Province, and also condenses the pictures of Hainan and more than 100000 words of written materials

this is Wei Liucheng's first appearance as a "new family" in Hainan

Wei Liucheng's resume is filled with "oil". At the age of 19, he stayed in the oil industry for 38 years after he became involved with oil. From logging tool workers in Changqing Oilfield to taking the lead in competing for overseas capital markets as chairman and CEO of CNOOC, his footprint is as clear as a ray starting from "oil"

after CNOOC invested more than 10 billion yuan in Nanhai oilfield, Wei Liucheng took charge of Hainan, one of the world-class oil and gas rich areas. This ray did not end because of his role transformation from business to official

Wei Liucheng's practical significance to China's economy, especially its oil strategy, is even much higher than his status as a feudal official

3 Liu Mingkang

the first "boss" of the China Banking Regulatory Commission

the "face change" of China's financial industry regulatory model has made the 57 year old Liu Mingkang a figure in the limelight

On April 28, 2003, the China Banking Regulatory Commission was established, which, together with the previously established China Securities Regulatory Commission and China Insurance Regulatory Commission, constituted the "troika" of financial supervision. Liumingkang, former president of the Bank of China, became the first chairman

85% of China's financial assets - 26.45 trillion yuan of banking assets are under its control. They include three major policy banks, four major commercial banks, four asset management companies, 11 national joint-stock commercial banks, 111 urban commercial banks, 449 urban credit cooperatives and 35500 rural credit cooperatives. In addition, domestic and foreign banks are also under its supervision

in his early years, liumingkang studied in Britain and received an MBA and honorary doctorate from the City University of London, UK. In his 24-year financial career, he has worked in the central bank, policy banks, state-owned commercial banks and joint-stock banks. He knows China's banking industry like the back of his hand and is known for being frank, pragmatic and not empty talk

the proportion of non-performing loans and the balance of non-performing loans of banks have decreased simultaneously; Reform of solely state-owned commercial banks; Pilot reform of rural credit cooperatives. Liumingkang lit the "three fires" of the separate supervision of Chinese banks

4 Li Jinhua

auditor general who set off an "audit storm"

people who were shocked by the "audit storm" in the summer of 2003 firmly remember the name of Li Jinhua

On June 25, the 60 year old Auditor General of the national audit office delivered the "audit report on the implementation of the central budget and other fiscal revenues and expenditures in 2002" to the Standing Committee of the National People's Congress

the nearly 8000 word audit report briefly disclosed shocking problems such as the social security fund, the violation of the budget law by the Ministry of finance, the illegal establishment of small vaults by China Construction Bank and the Agricultural Development Bank of China, and the loss of state assets. The report was published quickly, with comprehensive content and strict wording, which was unprecedented

on the same day, the full text of the official website of the National Audit Office was released and reproduced by Xinhua

within half a month, news came out that 18 special representative offices of the National Audit Office and nearly 300 people had settled in ICBC, and the "audit storm" was blowing faster and faster

the most fundamental audit reform has also been pushed to the public. At the beginning of July, the National Audit Office announced the development plan of the audit work of the national audit office from 2003 to 2007. Li Jinhua called it "the action program of audit work in the next five years". He said, "China will focus on exposing serious losses and waste and the loss of state-owned assets."

no one has ever been able to win the public's heart like Li Jinhua by staring at other people's "money bags" to find fault. In Li Jinhua's own words, "audit is the 'watchdog' of state property"

5 Li Yizhong

the "housekeeper" of 196 core state-owned enterprises

before April 2003, as the leader of the petrochemical giant, Li Yizhong was followed by the super large state-owned enterprise Sinopec and its 570billion yuan of assets. He led the "giant ship" out of trouble and traveled smoothly in the international capital market. World famous petrochemical giants ExxonMobil, shell and BP are all its strategic investors

After April 2003, with the listing of an ad hoc institution directly under the State Council, Li Yizhong became the investor representative of 196 core state-owned enterprises in China, with total assets of 6.9 trillion yuan. Li Yizhong, acting as deputy director of the new SASAC, should manage the 196 central enterprises that control the lifeline of the national economy when exploring a new development path of plastic granulator technology

his vision should jump out of Sinopec and the oil industry he has been engaged in for more than 30 years. He should manage money, people and affairs for these central enterprises that affect the whole body, and be a good "steward" of state-owned assets

after the establishment of SASAC, the restructuring and reorganization of its central enterprises has been carried out at a rare speed and efficiency. In July, 191 of the 196 central state-owned enterprises were "downsized". In just three months, two more were merged

this is only the beginning. The goal of SASAC is to cultivate 30 to 50 large companies with international competitiveness around 2010. "In the future, with the merger and flow of enterprises, there will be new reorganization, which can analyze the impact of different stress states on the strength and plasticity of materials." Li Yizhong said

6 Chen Yongzheng

from Motorola's "flat tone" to Microsoft

on August 11, Chen Yongzheng, who "had a cup and dinner with almost all provincial and municipal leaders in China", was parachuted to Microsoft Greater China, with the title of vice president of Microsoft and CEO of Microsoft Greater China

before going to Microsoft, Chen Yongzheng operated in Motorola China for nearly 10 years, making it an example of "win-win" between multinational enterprises and China, making money and shouting. There are many ways to copy Motorola's success, and Microsoft used the simplest way - directly digging out Motorola's top leader Chen Yongzheng

for Chen Yongzheng, this job hopping is not only a "horizontal transfer", but also an "exploration". The power struggle between Microsoft Greater China and Microsoft China lasted for many years. The former wanted to "centralize power" while the latter wanted to "establish a separate central government". The president of Microsoft China changed one after another

after Chen Yongzheng parachuted to Microsoft for two months and seven days, this "historical problem" was solved. After adjustment, Tang Jun, the president of the Chinese company, will only be responsible for the technology center. Huang Cunyi, the former president of Greater China, was sent to Hong Kong. After the two fierce generals were "cut off", Chen Yongzheng unified the country

Gao Qunyao, former president of Microsoft China, once complained, "in China, even the street sweeper knows that my position is not good." Of course, this sentence also applies to today's Chen Yongzheng

One of the drafters of the report of the Third Plenary Session of the 16th CPC Central Committee is not a "returnee" nor a "cutting-edge". Zhang Zhuoyuan, a 70 year old old economist, has become a late bloomer, which once again attracted the attention of the academic community in 2003

Zhang Zhuoyuan's title is very ordinary. He is a researcher of the Institute of economics of the Academy of social sciences. However, as one of the drafters of the report of the Third Plenary Session of the 16th CPC Central Committee, this respected scholar turned the research results of the theory of socialist market economy into a country's future productivity

in the history of the party over the past two decades, every third Plenary Session of the CPC Central Committee is an important milestone in the reform of the economic system, and the Third Plenary Session of the 16th CPC Central Committee is no exception. Its drafter is often a big shot in academia. Zhang Zhuoyuan disclosed to the media before the meeting that the "five overall plans" will be written into the report of the meeting

afterwards, when summing up the historic contribution of this meeting, he once again mentioned the "five overall plans", that is, the overall planning of economy and society, man and nature, urban and rural coordination, regional economy, domestic and foreign development, and described the future of a well-off China. It is said that many new formulations come from Zhang Zhuoyuan, who believes that he has made important contributions in clearing the obstacles of China's economic system reform theory.

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