Wang Yonghong, the former director of the Department of Science and Technology, who has worked in the central bank system for more than 30 years, is under review.

October 20, according to the Disciplinary Inspection and Supervision Group of the Central Commission for Discipline Inspection in the People’s Bank of China and the Shanxi Provincial Commission for Discipline Inspection: Wang Yonghong, former director of the Science and Technology Department of the People’s Bank of China Suspected of serious violations of discipline and law, is currently undergoing disciplinary review and supervision and investigation.

From his resume, Wang Yonghong has worked in the central bank system for 32 years, including more than ten years as a director-general cadre of the head office. When Wang Yonghong was investigated, he was under Huida Asset Custody Co., Ltd. Member of the party committee and chairman of the board of supervisors of the responsible company.

Wang Yonghong, born in 1967, joined the Guangzhou branch of the People’s Bank of China when he joined the work in June 1989. During the following 16 years, he served in the computer department of the Guangzhou branch of the People’s Bank of China. Cadres, staff, director, deputy director, and director of the Science and Technology Division; deputy director of the Payment Technology Division of the Business Management Department of Guangzhou Branch (director level); deputy director of the Guangzhou Bank Electronic Settlement Center (director level); Director of Science and Technology Department of Guangzhou Branch.

In June 2005, Wang Yonghong was qualified to serve as a member of the Party Committee and Deputy General Manager (Deputy Directorate Level) of China Financial Electronics Corporation.

China Financial Electronics Corporation is a unit directly under the central bank, and undertakes central bank information construction tasks, including central bank information system development, testing and certification, disaster backup, financial standards, and informatization Research, publicity and training functions.

In August 2009, Wang Yonghong entered the central bank’s head office as the director of the Department of Science and Technology and concurrently the director of the “Jinhong” project office. Jinhong Project (i.e. macroeconomic management information system) is one of the twelve major business systems in the first phase of China’s e-government project. It is led by the National Development and Reform Commission, the Ministry of Finance, the Ministry of Commerce, the People’s Bank of China, and the State-owned Assets Supervision and Administration. The committee, the General Administration of Customs, the National Bureau of Statistics and the State Administration of Foreign Exchange are jointly responsible.

After serving as the director of the Department of Science and Technology for more than 6 years, Wang Yonghong was transferred to various directly affiliated institutions of the Central Bank to assume leadership positions.

In February 2016, Wang Yonghong served as Party Secretary of the People’s Bank of China Clearing Center. The General Clearing Center is a national financial service organization that provides payment clearing and related services to the central bank, commercial banks and the whole society. It is responsible for the construction, operation, maintenance and management of the payment and clearing system of the People’s Bank of China.

In April 2017, Wang Yonghong was transferred to the party committee secretary of the Rural Credit Bank Fund Clearing Center, which is a national professional chartered clearing organization that provides fund clearing services for rural small and medium financial institutions across the country.

On July 19, 2021, Rural Credit Bank “changes in command” and Zhu Surong assumes the post of chairman of Rural Credit Bank. Subsequently, Wang Yonghong served as a member of the party committee and chairman of the board of supervisors of Huida Asset Custody Co., Ltd. (in accordance with the management of directors and bureau-level cadres of the head office). Huida Assets is a wholly state-owned non-bank financial institution approved by the Ministry of Finance and the China Banking and Insurance Regulatory Commission.

Since the second half of the year, the central bank system has had a number of cadres. According to the information released by the Central Commission for Discipline Inspection and the State Supervision Commission, on October 9, Cui Yu, the former party secretary and chairman of the City Bank Clearing Service Co., Ltd., was investigated for serious violations of discipline and law; on July 2, China Banknote Printing and Minting Corporation He Lin, deputy secretary of the party committee and general manager, was investigated on suspicion of serious violations of discipline and law; on June 8, Chen Guangquan, member of the party committee and technical director of China Financial Electronics Corporation, was investigated on suspicion of serious violations of discipline and law.

Attachment: Wang Yonghong’s resume

Wang Yonghong, male, Han nationality, born in July 1967, from Nanxiong, Guangdong, bachelor degree, June 1989 In September 1994, he joined the Communist Party of China.

From June 1989 to June 2005, he served successively as a cadre and section member of the Computer Department of the People’s Bank of China Guangzhou Branch, a director section member, deputy director, and division of the Science and Technology Division. Director; Deputy Director of the Payment Technology Division of the Business Management Department of Guangzhou Branch (director level); Deputy Director of the Guangzhou Bank Electronic Settlement Center (director level); Director of the Technology Division of Guangzhou Branch.

From June 2005 to August 2009, he served as a member of the party committee and deputy general manager (deputy director-general level) of China Financial Electronics Corporation.

From August 2009 to February 2016, he served as Director of the Science and Technology Department of the People’s Bank of China and Director of the “Jinhong” Project Office.

From February 2016 to present, he has served successively as Secretary of the Party Committee of the People’s Bank of China Clearing Center; Secretary of the Party Committee, Secretary of the Party Committee and Chairman of the Capital Clearing Center of Rural Credit Bank; Huida Assets Member of the Party Committee and Chairman of the Board of Supervisors of the Trusteeship Co., Ltd. (in accordance with the management of the head office-level cadres).