Two or three events of President Gong Haocheng —— Recalling the landmark figures in Shanghai's financial circles

Gong Haocheng, former president of Shanghai People's Bank, died of illness on the morning of August 30, 2020 at the age of 93. Although Gong Lao is old, he was surprised to learn the news, because when he met him at the beginning of the year, he felt that his hearing was a little weak. He still laughed loudly when communicating with people, recalling the past and talking about Kan Kan, and his memory was excellent, unlike an old man in his 90s.

During my work in China People's Bank, it happened that at the beginning of 1984, Shanghai People's Bank and Industrial Bank were separated. Gong Lao was transferred from the former vice president of Shanghai Institute of Finance and Economics to the president of Shanghai Branch of China People's Bank, and I was transferred from China People's Bank to China Industrial and Commercial Bank, so there is not much overlap with Gong Lao. However, due to the rapid development of the securities industry, I have more contact with him. We respectfully call him the leader, elder and elder of our "old securities" in Shanghai.

Since I regard Gong Lao as an old leader and doyen, I want to recall two or three things to express my gratitude.

"If you are a referee, don't be an athlete."

I wrote this history into the book "Twenty Years of Honor and Disgrace", and now I still have a thought-provoking feeling in retrospect. At that time, our ICBC Trust and Investment Company was the most active financial institution in Shanghai to carry out securities business. Our Jing 'an Securities Business Department, Hongkou Securities Business Department and Weihai Securities Business Department are the earliest securities operating institutions in Shanghai. Among them, Jing 'an Securities Business Department is also considered to be the earliest institution in China to start stock trading, but all this can not be separated from the support and promotion of Governor Gong of Shanghai People's Bank at that time.

In earlier years, we called the People's Bank of China an "enterprise", which not only has the function of supervision, but also engages in various financial businesses. It was not until 1984 set up these two banks manually that the People's Bank of China began to exercise the functions of the central bank, and its previous functions of industrial and commercial credit and savings business were handed over to the newly established Industrial and Commercial Bank of China.

1988, after I became the vice president in charge of securities investment, Mao, then president of China Industrial and Commercial Bank, asked me to set up my own professional securities company. However, ICBC has fallen behind in setting up a professional securities company, and the policy is not as convenient as when it first opened.

So President Gong asked us to take over the brand of the newly established securities of Shanghai Branch of the People's Bank of China. He said to Chairman Mao, "If you are a referee, how can you be an athlete?"

Then President Mao sent me to the Financial Management Department of the People's Bank of Beijing to handle the handover procedures. At first, with the help of Director Li Xiaoping and Director Jin Jiandong of the Financial Management Department, the handover went smoothly. In the medium term, a leader of the head office of the People's Bank of China suddenly raised an objection: "Why can't the People's Bank of China start its own securities business?" Because at that time, some branches of the People's Bank of China were also engaged in securities business. The leader asked the Shanghai Branch of the People's Bank of China to issue a commitment document not to engage in securities business, and he agreed to approve the handover.

My handover task is blocked, and some people are worried that the Shanghai branch of the People's Bank of China will change its mind. Unexpectedly, after my report, President Gong reiterated the promise that "referees can't be athletes at the same time" and "the People's Bank of China will never start its own securities business". Finally, Shen Yin Securities was successfully handed over to China Industrial and Commercial Bank, and I had the opportunity to become the president of Shen Yin Securities.

"Kind and strict teacher"

After President Gong retired, I had more opportunities to see him.

President Gong 65438-0949 studied in the Banking Department of National Shanghai University of Commerce, the predecessor of Shanghai University of Finance and Economics. At that time, he was really a scholar. After the founding of New China, he taught in Shanghai University of Finance and Economics for a long time, and later served as vice president. After retirement, President Gong once again accepted the invitation of his alma mater to serve as honorary dean of the School of Securities and Futures of Shanghai University of Finance and Economics. In those years, I was also an adjunct professor at Shanghai University of Finance and Economics. My main job is to give lectures to students in future academy and participate in the counseling and defense of graduation thesis. During this period, I met President Gong many times.

I admire President Gong's profound knowledge and tolerance. He not only has strict academic requirements for young people, but also teaches them kindly. As far as I can remember, President Gong has never used excessive words to his students. He has been carefully pointing out problems, making suggestions and guiding students to improve step by step. However, he can't tolerate a little carelessness in academic knowledge. It can be said that he is a rigorous scholar and a kind old man. I have coached countless students around the world, including many well-known scholars and industry elites, which can be described as "peaches and plums are all over the world".

"Desk, dining table, lunch box and ashtray"

For more than 20 years, I have always insisted on visiting some retired old principals every year. Until the beginning of this year, I visited Gong Lao as scheduled.

Because Gong Lao's early life experience was also jumping the queue in Huma County, Heilongjiang Province, and I also had ten years of experience as an educated youth in Xunke County, Heihe River. Maybe I went to the countryside to jump the queue and had the language and feelings of communication. We used to recall that life was not easy, and we were all used to simplicity. Even so, the simple life consistent with Gong Lao left a very deep impression on me and my wife: I haven't moved for decades. In the narrow hall, there is a dining table made of two tables and an ashtray made of a military lunch box.

After each visit, I have to feel that an old comrade who is so respected and has made such contributions to Shanghai's financial construction can live in such an environment for decades, which is really admirable.

"Memory and melancholy"

Last year, I entrusted Zhang Zhijian to write about the historical events and figures of Shanghai securities industry, and I helped him contact President Gong Lao.

At that time, in order to prepare for the establishment of the leading group of the Shanghai Stock Exchange, President Gong was one of the members, and the other two members were the chairman and president of the Bank of Communications and He Haosheng, director of the Shanghai Municipal Commission for Economic Restructuring. These three are all venerable old-timers in Shanghai's financial circles. I also published an article in memory before, saying that without the wisdom, courage and responsibility of these predecessors, it would be difficult for the development of Shanghai's securities industry to be at the forefront of the country. As far as my own experience in the securities industry is concerned, from ICBC Trust and Investment Company, from Shen Yin Securities to Shen Yin Wanguo Securities, this development history is inseparable from the work of this "three-person leading group", but as of last year, only Gong Lao was able to contact us.

After contacting Gong Lao, Zhang Zhijian compiled the article "My Experience in the Preparation of Shanghai Stock Exchange" through his dictation. In the article, Gong Lao talked about the "three-person group" of that year: "Li Xiangrui died in 1997, and He Haosheng had lost his memory due to illness. Although I am 93 years old, I still clearly remember that it is a great event to prepare for the Shanghai Stock Exchange ... "

As soon as the voice fell, the Shanghai financial community lost this landmark predecessor, which is regrettable. Our generation can only write books to express their nostalgia.

Kan Zhidong .. 1979, the founding partner of Oriental Huifu Investment Holdings Co., Ltd., works for Shanghai People's Bank; Then go to China Industrial and Commercial Bank Shanghai Branch. 65438-0987 was selected by the Central Committee of the Communist Youth League to study modern financial securities business in Japan. 1988, former deputy general manager of ICBC Shanghai Trust and Investment Company. 1990, President of Shen Yin Securities; After the merger of Shen Yin Securities and Wanguo Securities, he became the president of Shen Yin Wanguo Securities. 1999, founded Shenzhen Innovation Technology Investment Co., Ltd. as the president. In 2005, he founded Shenzhen Oriental Modern Industrial Investment Management Co., Ltd. as the president. 20 14 Established Dongfang Huifu Investment Holding Co., Ltd. to carry out group business.