Chapter 19 Financial predators greedy for famous watches

On December 10, 2003, the Beijing No. 2 Intermediate People's Court made the first-instance verdict on the case of Wang Xuebing, the former president of China Construction Bank, accused by the No. The general manager of the New York branch, the president of the Bank of China, and the president of the China Construction Bank used the convenience of his position to seek benefits for others. He successively received more than one million yuan in money and materials from others. .Wang Xuebing appealed against the judgment of the first instance, and the Beijing Higher People's Court made a ruling after the hearing recently: the appeal was rejected and the judgment of the first instance was upheld.

Nowadays, sitting in a "BMW", driving a "Mercedes-Benz" and spending a lot of money have not only become the driving force for those who are keen on chasing power to satisfy their selfish desires, climbing up and earning money at all costs, but also owning famous cars and spending a lot of money. It is also regarded by some people as a symbol of social status and noble status. However, there are also people who are different in their swordsmanship, prefer to live in isolation, and don't like to be accompanied by famous cars and beautiful women. "I like to collect famous watches, but I don't like famous cars." Wang Xuebing, a high-ranking financial official who once held hundreds of millions of funds, once said wildly that playing with cars is the hobby of the poor, while the rich should play with watches.Once upon a time, poor people playing with cars and rich people playing with watches became a fashionable topic in Beijing.Of course, this watch is by no means an essential timing tool for ordinary people to avoid time delays, wake up to do things, and maintain their livelihoods.The watches Wang Xuebing mentioned are all expensive and well-known world-famous watches at home and abroad.

Everyone in the circle knows that Wang Xuebing has this hobby, and likes to collect precious watches of the world's top brands.At the beginning, only people around Wang knew about this habit, but those who asked him would ask around to find what he liked, and those who tasted the sweetness would teach those who wanted to enter the Tao for free.There are more and more seekers, and as time goes by, his hobby is no longer a secret known to a few people. Power can be a scarce resource for creating and seeking wealth.Sometimes, the personal hobbies of those in power are the gaps that others can take the opportunity to open.Wang Xuebing holds a hot position and holds the economic allocation power of hundreds of millions of assets.This is enough to make countless businessmen who dream of getting rich envious.With power in your hands, you don't have to worry about no one to satisfy your hobbies.Hobbies need to be cultivated, and hobbies that are not killed will slowly grow into special hobbies.Since Wang Xuebing has been serving as the deputy manager, manager, deputy general manager, vice chairman, chairman, and president of the economic and financial department since 1988, when using the convenience of his position to do things for others, others will be willing to give A famous watch, but Wang Duo readily accepted it.Most of these famous watches have a unit price of more than 100,000 yuan. Over the past few years, there have been dozens of famous watch brands, involving "ROLEX", "BAUMEMERCIERO", "PIAGET", "CHRONOSWISS" ), "Frank Muller", "Patek Philippe", "Audemars Piguet", "Cartier" (CARTIER), "Breguet" (BREGUET) and many other world famous watches.

While accepting famous watches from others, Wang Xuebing also likes to use public funds to buy expensive watches. From May 1991 to March 1998, when Wang Xuebing was in public office, she used her position's power to instigate others to use the company's public funds to purchase more than ten expensive watches made in Switzerland, and kept them for herself. It was around 2001. When the Supreme Procuratorate was investigating another senior financial official of the central bank at the ministerial level, one of the criminal facts involved Wang Xuebing, which made Wang's case surface. Wang Xuebing's habit of liking famous watches and illegally accepting famous watches from others The relevant facts are also in the hands of the investigators.During the period when the Central Discipline Inspection and Supervision Department filed the case for review, Wang voluntarily handed over dozens of famous watches stored in the safe of China Minsheng Bank to the investigation department.Finally, it was verified by the court that there were more than 10 famous watches directly related to the crime.

The core of power is the control and coercion of resources, and the operation and realization of power means the control and redistribution of resources.People pay attention to power because where there is power, there are interests.No one cares about power, because power brings benefits.With the promotion of the position and the power in his hands, Wang Xuebing's surroundings are flocked by entrusted people. With the "Yang Rong Incident", "Zhou Zhengyi Incident", "Yang Bin Incident" and other incidents of private entrepreneurs breaking the law one after another, discussions on the issue of "the original sin of the rich" have been triggered in the domestic economics and legal circles.Some media said that entrepreneurs need to repent because there are too many "problem rich" in China.Yang Rong, chairman of Brilliance (China) Automobile Holdings Co., Ltd., is a private entrepreneur who used unspoken rules to engage in "financial games" and made a fortune quickly. In 1993, when Wang Xuebing was the general manager of the New York Branch of the Bank of China, at the request of Yang Rong, the chairman of Brilliance (China) Automobile Holdings Co., Ltd., and with the approval of the central bank, the New York Branch of the Central Bank agreed to provide a loan of US$29.5 million to Brilliance Corporation and to the company. Shenyang Jinbei Bus Manufacturing Co., Ltd., which is controlled by the company, provided a loan line of 20 million US dollars. During September and October 1993, Wang Xuebing received a "Patek Philippe" watch worth 210,000 Hong Kong dollars from Yang Rong when he attended the International Financial Conference in Hong Kong.However, Yang Rong’s statement to the investigators of the Commission for Discipline Inspection did not involve Wang Xuebing’s loan to Brilliance Company, but only confirmed that he bought a watch for Wang Xuebing to comfort Wang Xuebing because he knew in advance that Wang Xuebing was depressed.During the examination and prosecution stage, Wang Xuebing confessed to the prosecutor that she and Yang Rong exchanged gifts, and denied that it was unilateral bribery.However, since Yang Rong is currently abroad, there are obstacles in initiating judicial procedures, and Wang's behavior cannot be identified as a crime based on this fact, nor can Yang Rong be investigated for the criminal facts of bribery.However, Brilliance Group, where Yang Rong works, has disputes with the government over corporate rights and interests, but it can sue the Chinese government in the United States, and there are signs that Yang Rong is likely to win the case.

In 1996, when Wang Xuebing served as the president of the Bank of China, the Bank of China issued a loan of US$78 million to a development company in the South to support the establishment of the media.After the loan expired, due to the user's request, Wang Xuebing approved and agreed to expand the scope of use of the loan and extend the repayment period. After 1998, Wang Xuebing agreed to broadcast an advertisement film promoting Bank of China in a certain media, and paid a large amount of advertising fees for this.Based on the return of Wang's support, a person in charge of a certain media presented Wang Xuebing a "Jeger-LeCoultre" clock, "Rolex", "Celebrity", "Earl", "Timepiece", "Frank · Muller" watch each.Wang readily accepted these "gifts" worth tens of millions.

In the second half of 1998, Wang Xuebing's daughter was hospitalized in Shanghai due to illness. Wang Yanjun, general manager of Beijing Zaidong Advertising Co., Ltd., gave Wang Xuebing 30,000 yuan in cash in Shanghai on the grounds that her daughter needed medical expenses for medical treatment.As for this fact, Wang Xuebing denied accepting bribes.He argued that Wang Yanjun had watched his daughter grow up, and that the surgery cost her a lot, so it was voluntary and reasonable for him to give money as a token of appreciation.Beijing Zaidongfang Advertising Co., Ltd. Wang Yanjun also said that he and Wang Xuebing have known each other since they were very young, and indeed watched Wang Xuebing's daughter grow up. It is reasonable to pay some medical expenses out of concern, and denied that it was a bribery act.However, is the real reason for giving money out of friendship, or out of emotional investment for future power-money transactions?Only the parties who send money and receive money know it well.However, many things that happened in the future are enough to show that Wang Yanjun's gift of money and watches was not due to a deep personal relationship, but the pursuit of using financial power in exchange for benefits.

In Wang Xuebing's corruption case, Wang Yanjun is a key figure that cannot but be mentioned.Wang Yanjun is the chairman of Beijing Zaidongfang Advertising Co., Ltd. (hereinafter referred to as Zaidongfang Advertising Company), and Wang Xuebing's wife works in Zaidongfang Advertising Company.It was because of this relationship that he was able to seek benefits from Bank of China's related businesses many times. Of course, while making profits, he would not forget to send money and goods to Wang Xuebing. In 1996, Wang Xuebing's wife returned from abroad to work in the Eastern Advertising Company where Wang Yanjun worked. At the beginning of 1997, Wang Yanjun obtained from the British Ogilvy Advertising Company a set of advertising samples shot by the company for the Singapore Branch of the Bank of China, and asked his wife to recommend it to Wang Xuebing, who was serving as the president of the Bank of China.After watching it, Wang Xuebing was very interested, and brought the film to the Bank of China party group meeting. At the same time, he decided to use the film as the image advertisement of the Bank of China, and instructed the bank office to contact Wang Yanjun and Ogilvy Advertising Company to obtain the advertisement film Broadcasting rights in mainland China.Later, Wang Yanjun got in touch with the British Ogilvy Advertising Company, and the Ogilvy Advertising Company proposed to talk directly with the Bank of China.After negotiation between Bank of China and Ogilvy & Mather Advertising Company, Bank of China obtained the right to broadcast the commercial outside of Singapore free of charge. At the end of 1997, Wang Yanjun's Zaidongfang Advertising Company signed the "Joint Agency Agreement" with an advertising company in Hong Kong. On behalf of an advertising company, Dongfang Advertising Company was in charge of negotiating with the British Ogilvy Advertising Company that the Bank of China advertisements could be broadcast outside Singapore.The Bank of China took the film to a news media in the south for broadcast and European TV for insertion.For this reason, Bank of China paid agency fees of about 2.05 million yuan ten times.

In 1999, during the broadcast of the Ogilvy commercial, Wang Xuebing proposed to produce a new version of the commercial for the Bank of China, and handed over the production of the new film to Wang Yanjun's Zaidongfang Advertising Company.Therefore, Wang Yanjun received a production fee of 760,000 yuan paid by the Bank of China. From 1998 to 2000, when Wang Xuebing served as the president of the Bank of China, due to reasons such as the opening of new buildings of China Construction Bank and Industrial and Commercial Bank of China and participation in the commemorative activities of the Three Gorges Corporation, the Bank of China agreed to purchase Wang Yanjun’s sculpture from Dongfang Advertising Company 3 A total of 400,000 yuan was paid to the company as a gift.

In order to express his gratitude to Wang Xuebing, Wang Yanjun gave Wang Xuebing a set of "RVEOX" combined audio system worth more than RMB 100,000 and RMB 400,000 yuan in cash. Taking advantage of overseas financing for an airline company to seek improper material benefits. In 1998, when Wang Xuebing served as the president of the Bank of China, he approved the New York branch to take the lead in granting a bank loan of 47.2 million US dollars to a southern airline for the company's overseas purchase of aircraft. On April 18, 2001, China Construction Bank decided to provide a loan of more than 86 million U.S. dollars for the purchase of aircraft by a southern airline as an advance payment, and provided a guarantee of more than 340 million U.S. dollars.But at the end of the year, Chairman Chen and Vice-Chairman Wang of a certain Southern Airlines approached Wang Xuebing and reported to him that CCB had withdrawn the standby letter of credit provided by a Southern Airlines from the Beijing office of the American company, thus giving the airline The reputation of the company has a bad influence, and it may directly lead to the consequences of not being able to purchase the aircraft.For this reason, Wang Xuebing expressed dissatisfaction with the matter at the governor's office meeting. After listening to the report, he ordered the vice president Zhang and others to immediately organize a working group to investigate the matter, and asked SAFE to provide written proof.After the investigation, the working group pointed out in the report to Wang Xuebing: due to the rapid expansion of airlines, there are difficulties in cash flow, so there are risks in this large loan; the main problem faced by airlines is policy risk. If there is no change in policy, it is recommended After the company fulfills the relevant conditions put forward by China Construction Bank, it will provide guarantee for it.When Zhang asked Wang Xuebing for instructions, Wang Xuebing instructed to "follow the procedures", but under pressure, Zhang and others finally adopted a compromise method, reducing the original guarantee amount of 340 million US dollars to 195 million US dollars to check out.In order to thank Wang Xuebing for his support of the airline's loans, the chairman and vice chairman of the airline presented Wang a "Pearl" watch worth 100,000 yuan and a "Patek Philippe" watch worth 200,000 yuan in Beijing.A year later, Wang was worried that the airline guarantee letter incident would have a negative impact on him, and he once intended to return the watch.

In violation of the bidding regulations, accept the name list given by the bidding unit. In the first half of 2001, Fujian Shida Computer Co., Ltd. participated in the project bidding activities of "router" and other network equipment for public bidding by China Construction Bank.Since the evaluation results were not released until the second half of 2001, Jing, chairman of Shida Company, approached Wang Xuebing and asked Wang Xuebing to help inquire about the bidding results of the "router" of China Construction Bank.After Wang Xuebing instructed the secretary to intervene, he would feed back the results to Jing.In the list officially announced later, the company ranked first.During the period, Jing Mou, chairman of Fujian Shida Computer Co., Ltd., presented Wang Xuebing with a "Cartier" watch worth 150,000 yuan at the VIP Building Hotel in Beijing. Even if it is something that should be done within his authority, Wang Xuebing will not let go of the opportunity to accept bribes. In 1993, when Wang Xuebing served as the general manager of the New York branch of the Bank of China, he encouraged employees to use their spare time to study for a degree, and if they completed it, they could be reimbursed with public funds.As a staff member of the New York branch, Wu Xiaoan finished his MBA in his spare time.Later, Yang Rong, chairman of Brilliance Company, found Wang Xuebing and asked Wang Xuebing to help find some professionals in the financial and financial fields to work in the company. Wang Xuebing recommended Wu Xiaoan to Yang Rong. In 1993, after Wu Xiaoan left the New York Branch of Bank of China to work in Brilliance, Wang Xuebing asked someone to transfer USD 100,000 from the account of the company he managed to Wu Xiaoan’s personal account as a resettlement fee for job transfer.Four years later, Wang Xuebing went to Hong Kong on a business trip. Wu Xiaoan, the vice chairman of Brilliance Company at the time, thanked Wang Xuebing for his care, support and help, and gave Wang Xuebing a "Breguet" watch worth 250,000 yuan at the hotel where Wang Xuebing was staying. . Wang Xuebing was not satisfied with accepting money and other gifts from others. He also filled his own pockets and embezzled public funds.The funds used by a company in the southern region where Wang works are public property raised through business operations such as option trading, taking advantage of Wang's position as bank president and general manager.From March 1996 to September 1997, during his management and business activities, Wang Xuebing took advantage of his position as the actual person in charge of the company to instigate relevant personnel to use the company's funds to purchase 10 Swiss-made luxury watches for himself. , Wang Xuebing took these 10 watches as his own, and deposited them in the bank safe through his wife and brother. (Text/Xin Huai) Legal system construction is very important.The Western sage Aristotle has long made a shrewd judgment. He believes that law "is the best ruler" and "is a measure of whether things are in line with justice."Deng Xiaoping emphasized the importance of the system in the process of economic development many times before his death. He pointed out: "A good system can prevent bad people from running amok; a bad system can make good people unable to do good deeds fully, and even go to the opposite side." And made " The legal system is more reliable," the profound judgment. Wang Xuebing's bribery case once again presents a common feature of some corruption cases in recent years: once you hold the handle of power, you have the power to allocate resources.If the operation of this kind of power is not guaranteed by strict procedural norms and lacks the necessary supervision and restriction mechanism, and the person who holds this kind of power cannot correctly view and use the power in his hand, relax self-management, and let selfish desires run rampant, it will be difficult. It is very easy to produce the power rent-seeking phenomenon of exchanging power for money. To prevent and eradicate corruption, the legal system should be given priority.We look forward to the fairness and transparency of public power in the operation of society!