Ge Zheng

Ge Zheng

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Ge Zheng, born in August 1961 in Dongyang, Zhejiang Province, is the general manager and economist of Jinhua trust and Investment Co., Ltd.

brief introduction

General manager and economist of Jinhua trust and Investment Co., Ltd. Born in August 1961 in Dongyang, Zhejiang Province. He was strict with himself, set an example, diligent and honest, and had the courage to explore. Under his leadership, Jinxin company, relying on the enterprise spirit of "pioneering, realistic, innovative development, pursuit of excellence and creation of first-class", took the lead in launching trust "beneficiary securities" business in the whole province, the first public issuance of investment funds, and the first standardized joint-stock financial enterprise in the whole Province. In just five years, Jinxin company has developed from a pure trust and investment company with assets of only 140 million yuan and profits and taxes of less than 10 million yuan to a company integrating trust, securities and industry. Its business involves many fields such as finance, trust, securities, financial management, leasing, real estate, basic construction industry, electronic information industry and pharmaceutical industry. On the morning of July 14, 2008, two and a half years after the case was investigated, the people's Court of Wucheng District, Jinhua City, sentenced Ge Zheng, the protagonist of the "Jinxin trust case", to six years' imprisonment and a fine of 400000 yuan for the crime of illegally absorbing public deposits and occupation. Ge Zheng, chairman of Jinxin trust, was born in Dongyang, Jinhua, Zhejiang Province. Born in 1961, graduated from middle school. Xia Bin, former director of the non banking department of the people's Bank of China, highly praised him and called him a "lucky general" of Jinxin department.

A survey of Jinxin

Although it lives in a city in central Zhejiang, Jinxin trust and its companies are still chasing the media like a fishy shark with their new capital market. But it is strange that Jinxin system is not as high-profile as other capital tycoons in the market. It has always been subject to the media's popularity and suspicion, and has never responded to the latter's lengthy reports. Jin Leqing, Secretary of the board of directors of Jinxin trust, recalled that in his impression, Ge Zheng, chairman of the company, rarely showed his face in front of the media in the name of chairman of Jinxin, except for being interviewed by reporters as a deputy to the National People's Congress at the beginning of this year. Ge Zheng was also the only NPC deputy in the domestic trust industry. start with 50 million yuan of capital in order to interview the soul of Jinxin department, our reporter rushed to Jinhua, but the polite Secretary of the board of directors stood in front of the reporter. In the face of the reporter's visit, Jin Yueqing kept explaining that the rectification of the trust industry has not been completely completed, and the capital market is in troubled times. General manager Ge really can't accept the interview. after getting the news that when GE Zheng was working in Jinhua, the reporter rushed to the headquarters of Jinxin trust for the second time, hoping to meet the mysterious figure directly. However, the receptionist and other staff almost transferred all the reporter's interview requirements to Dong Mi Jin Leqing. Although Ge Zheng's Mount, a luxury Mercedes Benz, was parked in the office building, the competent secretary of the board of directors made reporters wait and see the empty chairman's office. Ge Zheng's low-key way can be seen. during an interview in Jinhua, the reporter talked with a taxi driver. The driver said that he now works for a taxi operation company under Jinxin leasing company, but last year, the company broke away from Jinxin trust, and the company still uses its previous business name. When talking about Jinxin trust, the driver said in a positive tone that Jinxin trust is the richest company in Jinhua City, with a net asset of more than 1 billion yuan. He also told reporters that the market reputation of Kim Shin did not escape the hunting range of Forbes. The latter had sent several people to visit the kudzu government's personal assets to get listed in the Chinese mainland rich list. Afterwards, when the reporter asked Jin Yueqing for confirmation, Jin said that the reason given by GE Zheng was that Jinxin trust was a joint-stock public enterprise and could not count personal assets. after graduating from high school, Ge Zheng entered Jinhua Branch of industrial and Commercial Bank of China and later established Jinxin trust. He never left the trust industry. According to Jin Leqing, Secretary of Jinxin trust, Ge Zheng's father is director of Jinhua Municipal Bureau of culture, while his mother holds an important position in Jinhua Branch of ICBC. at the beginning, Ge Zheng worked in the Credit Department of industrial and Commercial Bank of China. After the establishment of the trust department of Jinhua Industrial and Commercial Bank of China, he served as the deputy general manager of the Department. In 1991, the trust department of Jinhua Industrial and Commercial Bank of China was separated from the bank and Jinhua trust and investment company was established. The sponsors include Jinhua financial development company and Jinhua Branch of industrial and Commercial Bank of China. Ge Zheng is still the deputy general manager of the investment company. At the beginning of its establishment, Jinhua trust had only seven people, with a capital of 50 million yuan. However, as soon as it was established, the small generation of the trust industry showed that they were not willing to be local small companies. They repeatedly pushed through the old to bring forth the new, and thus stood out. in November 1991, "Jinxin beneficiary securities" was issued to the public, and all the funds raised were invested in Zhejiang Lanxi Kangenbei Pharmaceutical Co., Ltd. and Wuyi Haolaixi Clothing Co., Ltd., which initially tested the long-term investment function of the trust company. In 1992, Jinxin publicly issued the first mutual fund "Jinxin fund" in Zhejiang Province. People who had experienced the issuing situation at that time described it as "empty alley". In the same year, the "Jinxin fund" was traded on the OTC market. Because of its active trading, it set the highest transaction price of 8.27 yuan per fund unit in China at that time, and the annual trading volume exceeded 800 million yuan. Since then, Jinhua trust has also enjoyed the reputation of "Zibo in the north and Jinxin in the South". Yang Xingjun, assistant director of Jinxin Securities Research Institute, said that the successful attempt of Jinhua trust in the capital market has also cultivated the first generation of securities investors in Jinhua City.

Several times of "rectification" to pass

In May 1993, before the Fourth National Trust reorganization, Jinhua trust reformed its shareholding system and changed its name to Jinhua Trust Investment Co., Ltd. Through directional raising, the company's registered capital increased to 120 million yuan, becoming the first joint-stock non bank financial institution in Zhejiang Province. Since then, Ge Zheng has been in charge of Jinhua trust. However, Ge Zheng is in China's young trust industry, and there are many problems in the process of development. The State Council has issued a document almost every year to clean up and regulate the trust industry. although young Ge Zheng had the support of the municipal and provincial governments, he also felt that he was not strong enough to escape the increasingly stringent national laws and regulations, so he decided to increase capital and share for the second time, and set the bottom line of registered capital at 300 million, which was completed in September 1996. Three years later, the people's Bank of China issued the basic principles for the reorganization of the trust industry, stipulating that the minimum amount of capital allowed to be retained by the trust company is 300 million yuan, and must be the actual capital after the write off of bad debts. At the end of 2001, Jinhua trust completed the third capital increase and share expansion. A number of listed companies, large enterprises and investment institutions became strategic investors of the trust company, and the registered capital increased to 1.018 billion yuan. Jinhua trust ushered in its peak years, and its strength ranked among the top of its peers, and its name was changed to Jinxin trust. although over the past 20 years, there are only more than 50 trust companies left in China after more than 1000 trust companies have gone through the storm, Jinxin trust is "the more reorganized, the better the development". In Shanghai financial circles, when people talk about Jinhua, they first think of two things: Jinhua ham and Jinxin trust. by the end of last year, when the fifth consolidation of the trust industry was coming to an end, Jinxin trust not only passed the test smoothly, but also had two licenses of trust and securities. It is reasonable to say that Jinxin trust will also be included in the list of closures at that time, but because "the company did not commit any major violations and won the praise of the non banking department of the central bank on trust innovation, it was retained," said Yang Xingjun, assistant director of Jinxin Securities Research Institute. In August 2002, Jinxin securities absorbed the securities assets of Taizhou trust, Shaoxing trust, Quzhou trust and Lishui trust in accordance with the policy of credit and securities separation, and re registered and listed. Jinxin trust has also become the exclusive municipal trust company with both trust and securities licenses in China.

Xia Bin called Jinxin "lucky general"

Ge Zheng, the leader of Jinxin department, has won a lot of praise from a municipal trust company to a capital hero. Jin Yueqing, who is just a wall away from GE Zheng's office, described his boss as follows: "he's not in good health, but he's extremely energetic. He stays in the office on weekends except for business trips. He loves reading books, is tolerant to his subordinates, and has a rare innovative spirit. He's good at grasping the pulse of the market. He's good at every step and is born to be a trust material." According to Yang Xingjun, Xia Bin, former director of the non banking department of the people's Bank of China, also highly praised Ge Zheng, calling him a "lucky general" of the Jinxin department.

Chinese PinYin : Ge Zheng