During the major personnel earthquake of Kaifa Gold, Zhang Jiazhu, chairman of Kaifa Gold, resigned due to personal reasons, and Huang Siguo, who was the chairman of Taiwan Life Insurance, a subsidiary of CITIC Gold, took over, causing shock in the financial circle. The second child (Gu Zhongying) is borrowing a general.”
Development Gold recently was severely punished by the Financial Regulatory Commission for the major shareholder Gu Zhongying’s violation of corporate governance and meddling in company affairs. Zhang Jiazhu, the chairman of the financial holding company, was fined by the Financial Regulatory Commission and suspended for half a year. Yang Wenjun, the vice chairman of the development gold, temporarily replaced it. It was reported that “Yang Wenjun returned to the pot to take over the position of chairman Zhang Jiazhu, but a dark horse broke out and Huang Siguo took over.”
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Zhang Jiazhu, the director of the development team, announced his resignation in the evening and sent an open letter to the employees. (provided by the reader) -
Zhang Jiazhu, the director of the development team, announced his resignation in the evening and sent an open letter to the employees. (provided by the reader)
Kaifa Gold held an interim board of directors today, and Huang Siguo was replaced as the director of the board. Zhang Jiazhu took over the board of directors of Kaifa Gold from May 2016. Kaifajin pointed out that Zhang Jiazhu successfully assisted Kaifa Gold in completing a number of major milestones during his six-year tenure, including the merger and acquisition of China. Life Insurance, KGI Bank, etc., and assisted the development of ICBC in the restructuring of China Development Capital, laying the foundation for the development fund.
Zhang Jiazhu also wrote a letter to all the colleagues of the Development Fund, in which he pointed out that Huang Siguo is a veteran of the financial industry, with excellent and complete qualifications, and an outstanding leader.
Zhang Jiazhu also mentioned in the letter that the development fund was subject to financial inspection a few days ago. He expressed his hope in early June that he would resign and retire following improving according to the requirements of the Financial Regulatory Commission. “I am 70 years old, and it is time for me to retire.” Grateful for the days of working in the development fund in the past, and I will also keep the past moments in my mind forever.
Huang Siguo, the newly appointed director, was once hailed as the “Godfather of Trust” in Taiwan by the industry, and made outstanding contributions to the development of wealth management, securities and insurance markets. In addition to serving as the director of Taishou in CITIC Gold, Huang Siguo also serves as a director of CITIC Bank and CITIC Securities. Huang Siguo resigned from CITIC Gold in July and has worked in CITIC Group for more than 36 years.
The market believes that Huang Siguo’s participation in Kaifa this time is largely due to Huang Siguo’s past experience in life insurance, banking, and securities industries.
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