16th Dead Banker: Li Jianhua CBRC, Worldwide epidemic crosses from Hong Kong to China
Update: not a week has passed, and the 17th dead, first female
It wasn’t that long ago that there was a death in Hong Kong with the jpmorganer, and just a few days from a BNP paribas director being killed in a drive by shooting.
It seems like a week doesn’t go by without another banker dropping…
what is happening?
Li Jianhua, director of China’s Banking Regulatory Commission (CBRC), died this morning due to a “sudden heart attack” – he was less than 49 years old.
Li was among the main drafters on new “caveat emptor” market-based rules on China’s shadowy banking system and recently said in an interview that “now is not only a time to control risk, but to transform the trust industry.. if it’s too loose, it’s a big problem.”
Wonder if english mainstream media will cover this.
Until now, the terrible trail of dead bankers has been only among US and European financial executives. However, as Caixin reports, the increasing pressures on the Chinese banking system appear to have take their first toll. Li Jianhua, director of China’s Banking Regulatory Commission (CBRC), died this morning due to a “sudden heart attack” – he was less than 49 years old. Li was among the main drafters on new “caveat emptor” market-based rules on China’s shadowy banking system and recently said in an interview that “now is not only a time to control risk, but to transform the trust industry.. if it’s too loose, it’s a big problem.” Li was found by his wife.
Li Jianhua, director of the CBRC AfDB died due to heart attack, still less than 49 years old. As planned, Li Jianhua this morning to attend a major industry conference.
According to several sources close to the CBRC said, Li Jianhua was revising to 12 o’clock at night.
Unexpectedly around 6:00 this morning, his wife found him passed away, due to sudden heart attack.
Both inside and outside China Banking Regulatory Commission expressed sorrow and regret.
Li was well-known as the author of major China Trust regulations…
Li Jianhua was born in July 1965, Hunan Yongxing, graduated from Wudaokou Finance Institute.
Li Jianhua was the main drafter of “one law two rules” or “People’s Republic of China Trust Law,” “Trust management approach” “Trust Capital Trust scheme management approach,”
It seems clear that Li was somewhat anti-bailout, preferring market forces to fix the trust industry…
The List only grows longer
1 dead banker from JP Morgan
Jason Alan Salais, December 15 2013 IT specialist (earliest death uncovered it looks, last year)
1st, Deutsche Bank, William Broeksmit, Jan 26
2nd 1st JP Morgan this year UK, Gabriel Magee, Jan 27
3rd (ex Federal Reserve) Russell Investments, Mike Dueker
4th, Swiss Re AG Communications Director, Tim Dickenson
5th, American Title (ex banker), Richard Talley, odd case of death by nailgun to head and chest
6th, 2nd JP Morgan, Ryan Henry Crane
7th, 3rd JP Morgan Hong Kong, Li Junjie
8th National Bank of Commerce, James Stuart Jr
9th Vertical Group trader, Edmund Reilly
10th, 5th JP Morgan then Levy Capital, Kenneth Bellando
11th, 6th from JP Morgan, Joseph A Giampapa
12th, ABN Amro, Jan Peter Schmittmann
13th, Lichtenstein Bank Frick, Juergen Frick (shot dead)
14th, BNP Paribas Fortis, Benedict Philippens (shot dead)