The Central Commission for Discipline Inspection announced on September 10 that Wang Qingbin, former Party Secretary and Chairman of China Merchants Financial Leasing Co., Ltd., is suspected of serious disciplinary violations and is currently under investigation.
In fact, there were early signs of Wang Qingbin's investigation. On September 4 this year, Wang Qingbin applied to resign from his positions as independent director of the ninth board of directors of Qilu Bank Co.,Ltd., as well as chairman and member of relevant board committees, citing personal reasons. His original term as independent director was not set to expire until August 10, 2026.
Wang Qingbin was born in December 1956 and is now nearly 70 years old.
According to his career background, Wang Qingbin worked early in his career within the CCB system, serving as deputy director and director of the Comprehensive Planning Department of Shandong Provincial Branch, president of Jinan Branch, and was promoted to vice president of Shandong Provincial Branch and concurrent president of Jinan Branch in the 1990s.
In 2000, Wang Qingbin joined CM Bank, where he served successively as president of Jinan Branch and Shanghai Branch. He was promoted to assistant president of the head office in 2009, and in June 2011, received regulatory approval to serve as vice president while concurrently serving as chairman of China Merchants Bank Financial Leasing Co., Ltd.
CM Bank's 2016 annual report showed that Wang Qingbin ceased to serve as vice president as of June 2016. The explanation at the time was that due to age reasons, the board of directors would no longer appoint Wang Qingbin as vice president.
However, Wang Qingbin subsequently moved to China Merchants Financial Leasing Co., Ltd., a subsidiary of China Merchants Group.
Business registration records show that the legal representative of China Merchants Financial Leasing Co., Ltd. was changed from Su Min to Wang Qingbin in March 2017, and then from Wang Qingbin to Zhang Jian in January 2021.
In October 2021, after retirement, Wang Qingbin returned to Shandong, where he had worked for many years, and was elected as an independent director by Qilu Bank Co.,Ltd.'s shareholders' meeting. His qualification was approved by regulators in December of that year.
In addition to serving as an independent director of Qilu Bank Co.,Ltd., Wang Qingbin also serves as an independent director of Guohua Xingyi Insurance Asset Management Co., Ltd. and Hebei Cangzhou Rural Commercial Bank Co., Ltd., as well as a supervisor of Jinan Chengfa Inspection and Testing Group Co., Ltd.
Before Wang Qingbin, CM Bank had another former vice president, Ding Wei, who was investigated after retirement. On August 21 last year, Ding Wei was investigated for suspected serious disciplinary violations. At that time, Ding Wei had been retired from his position as CM Bank vice president for seven years.
It is worth noting that like Wang Qingbin, Ding Wei is also subject to disciplinary review and supervisory investigation by the Haidong City Supervisory Commission in Qinghai Province.
From a timeline perspective, Ding Wei served as assistant president of CM Bank head office starting in 2006, became vice president in 2008, and resigned in 2017. Wang Qingbin was promoted to assistant president of CM Bank head office in 2009, became vice president in 2011, and resigned in 2016. It can be seen that the two worked together for many years.
"Before Wang Qingbin, Ding Wei, another former vice president of CM Bank, was also investigated after retirement. From the timeline, Ding Wei served as assistant president of CM Bank starting in 2006, became vice president in 2008, and resigned in 2017. Wang Qingbin was promoted to assistant president of CM Bank in 2009, became vice president in 2011, and resigned in 2016. The two had worked together for many years."
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