Zhang, vice president of ICBC behind the scenes, such as Liu Nine examiner interview

Zhang: From "Wall Street" to "Jinrongjie" from foreign investment bankers to red financiers, his next goal is to reshape ICBC's overseas and investment banking business April 7, Deutsche Bank global Banking Asia Pacific President, China's chairman of the Zhang rate team participated in the largest IPO to date "talent."　　In the end, Deutsche Bank was able to rank among the bank's six-h-share underwriters. More than 10 days later, with the approval of the Board of Directors, Zhang was appointed ICBC (601398. SH) Vice president, in charge of overseas business and investment bank.　　This is the first to be selected by the Department of Foreign financial institutions of senior executives, but also in 2001 after the vice chairman of the Securities and Futures Commission Smillen China Securities Regulatory Commission Vice-Chairman, the domestic financial sector executive personnel selection and appointment system another breakthrough and attempt. "It is a great honor to respond to the country's need to take responsibility.　　Deutsche Bank's top global executives announced the appointment of Zhang as Vice president. "Do not expect a person's power to disassemble or modify a machine, but (should) strive to integrate into the system, as a good lubricant."　　Another investment banker said he wanted Zhang to go further after the "Glory system".　　People familiar with the matter said that the background of the Cadre's unconventional selection was that, after the financial crisis, the top authorities wanted to extend more financial-combat talents with overseas influence to serve the state-owned institutions. After the various ministries and financial institutions recommended, nearly hundred people included in the study list, after department preliminary screening, into the next stage selection of 50 people. In addition to ICBC as a pilot, through the market-oriented selection of a vice president, the same period of vacancies, there are other banks and even several major financial regulators senior positions.　　However, the final exam and interview and passed, only Zhang one person. Interview level is quite high, nine examiners including the chairman of the CBRC Liu, CIC Chairman Lou Jiwei, chairman of the National Development Bank Chen Yuan, CCB (601939. SH) Chairman Guo and so on. There are also scholars from the industry such as Li, Shusong.　　Department Minister Li and ICBC chairman Jiang Jianqing were present. "How can you add value to the world's largest bank by market capitalisation as head of the Chinese business of an international investment bank?"　　The examiner at the scene was in sharp trouble. Although the assistant governor of the five major state-owned commercial banks is slightly lower than the deputy ministerial level, it belongs to the "middle management cadre", while the following positions of the five major banks have already realized the market-oriented employment.　　As a non-CCP person who is the first to obtain department through market selection, the major transformation of Zhang is regarded as a limited progress under the personnel appointment framework of State-owned financial institutions. Industry analysts, the 45-Year-old Zhang's mission in ICBC, will reshape ICBC's overseas and investment banking business.　　There is also analysis that in Deutsche Bank's system, Zhang has encountered the "ceiling", so turned to seek a breakthrough. The jungle competition in foreign investment banksIn contention, Zhang and others can gain a certain discourse power and influence in the global financial institutions, which has its own personal factors and more importantly the rise of China's economy. In recent years, "Wall Street" and "Jinrongjie" interaction more frequent, earlier entered the government system, as a bureau-level cadres of the financial professionals have more than dozens of. "This time, step from overseas investment banking executives, for the returnees is a collective recognition-but also need to carefully choose to balance the interests of all parties."　　"said the person familiar with the matter.　　Zhang's "return", reminiscent of the 2003 he joined the CPPCC members of the "breakthrough." It was one of the few well-known investment bankers in China, and Zhang was the first person to become a member of the CPPCC among all the executives of multinational companies.　　In fact, Zhang also has the National Youth Committee, Heilongjiang Province Governor financial and economic advisers and other titles, in the domestic financial circle has a relatively deep network resources. As the 11th session of the CPPCC members, Zhang's proposal has involved the development of private equity investment funds, the establishment of solar power grid subsidies, such as electricity prices. In 2003, he proposed the establishment of the "FSOC" as a comprehensive regulatory body in the Banking Regulatory Commission, the SFC and the Circ.　　Industry insiders revealed that in recent years Zhang has been looking for the opportunity to return to the system. One respondent repeatedly mentioned Zhang's strong desire to return to the state-owned sequence and repay the community. "Some people may be a moment of glory to the initiation of the system of impulse, but after careful weighing the pros and cons, is still very few." "The financial people familiar with Zhang the real benefits that the return had to give up." The first is the right to speak in the foreign investment banking sector. Zhang is the "leader" of Deutsche Bank's investment banking sector in Asia, and the leading player of Deutsche Bank's five major operations in China, and is fully responsible for Deutsche Bank's business in China. There is not much that can be seen in the international investment banking system. Most of the Chinese-American investment bankers are just the head of a line or the head of the Chinese region. After the ICBC, he will only be one of several deputy governors, to put down his body in the system to maneuver, it is not easy.　　Another obvious price is to abandon the lucrative personal income of international investment banks. "This time the Zhang will not be priced according to the market.　　"People familiar with the matter said that after the completion of the bank reform, several major lines from the market to recruit the chief risk officer, no lack of annual salary as high as tens of thousands of dollars, which with the system of senior executives more than 1 million yuan in sharp contrast. When Zhang joined Deutsche Bank in 2001, foreign investment banks were subject to many restrictions in China, and few expected the rapid rise of China in the future.　　Deutsche Bank at that time had a budding intention, but "Zhang changed their view of China," an investment banker told The Economist. Zhang began to grab a list of big investment banks. At the end of 2003, Deutsche Bank held the Chinese longevity (601628). SH) overseas listed joint underwriter, which was the largest IPO of the year,It is also the first state-owned large financial institution to be listed overseas. 2004, Germany became China Shenhua (600028. SH), Dongfeng Automobile (600006. SH), Minsheng Bank (600016. SH) H-shares issued by underwriters, but later Minsheng's H shares were abandoned because of the bank's shareholders ' objections. "Zhang himself to take part in the project, such as China Shenhua listed is his one-person-led."　　"A former Deutsche Bank investment banker said.　　In October 2004, Zhang was promoted as a member of Deutsche Bank Global Banking Committee and President of the Asia Pacific region, and was responsible for investment banks and commercial banking operations in 16 countries and regions including Australia and New Zealand. June 2005, Deutsche Asset Management company shares 19.5% of the fund, the latter is one of China's largest joint venture fund companies.　　In the same year October, Deutsche Bank became the strategic investor of Huaxia Bank. Indeed, as Deutsche Bank decides to buy into the Chinese bank, it is deeply sceptical about the future of China's banking sector, and Citi has even given up its near-hand stake in CCB, and the conservative Deutsche Bank is hesitant to take a stake in a domestic bank.　　Deutsche Bank insiders said that Zhang had flown to London and Frankfurt on several occasions, explaining the significance of the move to top German global executives. November 2008, it is the financial crisis raging, Deutsche Bank in the A-share market contrarian overweight China Bank (600015.SH) 267 million shares of common stock, the issue price up to 14.62 yuan per share, than the then stock prices increased by nearly 90%, locking period of three years.　　At present, Deutsche Bank Holdings Huaxia Bank 17%, more than the original largest shareholder Shougang group; so far, from its performance in the bank, more like a financial investor, has never implemented substantive influence.　　But all this makes a striking distinction between Deutsche Bank and other banks that have been disputed by overseas strategic investors: no control, no reduction, no immediate interest, or even higher prices. January 1, 2008, Deutsche Bank as the first corporate bank in Beijing registered, Zhang also began a new layout. Foreign investment banks have been wary of setting up joint ventures after the CICC of Morgan Stanley and its former joint venture.　　Goldman has set up a joint venture in China, Goldman Sachs, through the "buy tickets" approach, and UBS has bought a full licence for the original Beijing securities by Gao, and has also attracted some foreign investment banks to land in China by way of approval. "Lee (Zhang's English name) was acutely aware that by working with existing Chinese brokerages to enter China, it was more in line with policy intent and more feasible." "One of the bankers at Deutsche Bank told our correspondent. Especially Zhang Way of doing things, he is quite unique "joint venture."　　With the general foreign capital in the market directly to find the joint venture object "to discuss marriage" to seek approval of different, Deutsche Bank initiative to find the CSRC, "please" the regulator recommended a joint venture object. 2At the end of 008, Deutsche Bank and the Shanxi Securities joint Venture investment Bank of Sino-German Securities successfully established, Deutsche Bank shareholding 33.3%, and was managed.　　Deutsche Bank was able to build a platform for a full financial licence earlier in China, so that Ackermann's global CEO, Zhang, made only one request-all Jeande's operations were in Asia, and it was entirely up to Lee to decide what to do with it. Zhang CV Zhang has been sitting on Deutsche Bank global Bank's Asia Pacific president for six years since 2004. Zhang, 19, graduated from Heilongjiang Agricultural University in 1984, went to Canada after two years to study biology genetics, and then returned to Hong Kong at the University of Santa Mba,1994 in California, where he was head of the China investment Banking Department at Schroeder International Merchant Bank. June 1998 to March 2001 as the first generation of Goldman Sachs in China. He was appointed vice President of ICBC in April this year.