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China Chengtong announces new leadership decisions

Office of the President     2019-07-30         

China Chengtong held a staff meeting on July 25th at the Group’s headquarters to announce the leadership team appointed by the State-owned Assets Supervision and Administration of the State Council, SASAC. Head of the Second Bureau for the Administration of Corporate Executives Jiang Weiliang attended the meeting and delivered a speech.

Jiang Weiliang announced the leadership appointment decision on behalf of SASAC to assign Zhu Bixin as Chairman, and Secretary of CPC Committee of China Chengtong; and Li Hongfeng as President, and Deputy Secretary of CPC Committee of China Chengtong, nominated as General Manager.


Jiang Weiliang said that the adjustment has taken into account the actual need of China Chengtong’s reform and development, and is based on the current leadership team, and suggestions from concerned personnel. As the pilot state-owned capital operating company, China Chengtong has been working closely with SASAC and actively engaging in the reform of state-owned capital and SOEs, as well as optimizing industry layout in recent years.

In particular, it has played an important platform role in undertaking specialized and market-oriented capital operation tasks, effective disposal of non-performing assets, and defusing of crisis. He also put forward requirements for China Chengtong: first, carry out the Party education campaign themed “staying true to our founding mission” steadily; second, strengthen Party building and leadership team building; third, continue to deepen reform, prevent risks, and promote high-quality development.


Zhu Bixin expressed his full support for SASAC’s decision. He pledged his resolution to perform his duties and shoulder the responsibilities, and would not fail to meet people’s expectations. Under the guidance of the Party, the State Council and SASAC, he along with the leadership team would continue to inspire and unite the Group with the Thought on Socialism with Chinese Characteristics for a New Era; retain the consciousness of the need to maintain political integrity, think in big-picture terms, uphold the leadership core, and keep in alignment; fortify confidence in the socialist path, theories, system and culture with Chinese characteristics; resolutely uphold General Secretary Xi Jinping’s core position on the Party Central Committee and in the Party as a whole, and resolutely uphold the Party Central Committee’s authority and its centralized, unified leadership.

At this pivotal period of state-owned capital and SOEs reform, China Chengtong will advance its pilot state-owned capital operating task in full speed, promote its reform and development onto a new level, and open up new prospects of high-quality development.


Li Hongfeng thanked SASAC for their trust in assigning him the position. He said that returning to China Chengtong in this new position means great honor as well as great responsibility. He would follow President Xi Jinping’s requirements to remain loyal to the Party, innovate in enterprise management, strive for prosperity, and be honest and upright. Under the leadership of the Party Committee of the Group, and by the decision of the board of directors, he would perform his duties and live up to people’s expectations.


The leadership team of the Group, heads of departments, and leadership from subsidiary enterprises attended the meeting.

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