Former Sichuan Development Holding Company Chairman appointed Sichuan Vice Governor

By September 26, 2019 November 7th, 2019 Personnel Tracker, Public

On 26 September 2019, former Sichuan Development Holding Company Chairman Wang Fengchao (王凤朝) was appointed Sichuan Vice Governor, filling the vacancy left by ousted former Sichuan Vice Governor Peng Yuxing (彭宇行).

Sichuan’s provincial leadership has been short of one vice governor since April 2019, when former Sichuan Vice Governor Peng Yuxing was investigated by Central Commission for Discipline Inspection (CCDI).

Wang Fengchao spent his entire career in Sichuan, initially at Sichuan Changhong Electric Company, China’s second-largest television manufacturer. Wang was critical in making the company a leading brand of consumer electronics in China.

Wang was appointed Neijiang Vice Mayor in 2005, and then transferred to become Sichuan State Asset Supervision and Administration Commission (SASAC) Vice Chairman in two years. He was appointed Sichuan Airlines General Manager in 2010 and then became chairman of the airline. Wang was appointed Sichuan Development Holding Company Chairman in July 2015, leading the provincial state-owned asset management company. In 2018, Sichuan Development Holding Company became Sichuan’s first SOE with over CNY one trillion total assets, under Wang’s watch.

Wang has also been taking a concurrent appointment as Sichuan Financial Holding Company’s Chairman since February 2017. The company is Sichuan’s first financial holding platform. In April 2019, a Sichuan SOE reform ETF was listed on Shenzhen Stock Exchange, with Sichuan Financial Holding Company taking the leading role. It is the first SOE reform ETF in Midwest China.