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Huang Lihui, a disgraced tycoon in the capital market of Guizhou, threw a stone into the water and was placed under heavy scrutiny after his fall. In the past 10 years when he chaired Guizhou Sunshine Property Right Exchange, problems were found in the company in terms of internal system management and implementation. It even lent out loans of CNY 51.28 million illegally. Apart from Huang Lihui, his assistant Wang Lihong, vice general manager of Sunshine Property Right Exchange, was also arrested.
Huang Lihui was definitely a heavyweight in the capital market of Guizhou. He began his career life after graduating from Guizhou Academy of Finance and Economics in 1986. He once served as the head of the Budget Department of the Guiyang Financial Bureau, director of the Enterprise Department at the Guiyang State-owned Assets Management Bureau, director and vice manager of Guiyang State-owned Assets & Investment Management Corp, and board chairman of Sunshine Property Right Exchange.
Sunshine Property Right Exchange was founded on December 23, 2002 as a platform for the property right exchange and purchasing of Guiyang government and the whole province Guizhou. It was once the only professional institution that was accredited by the Guizhou Provincial Committee of State-owned Assets. After 10 years’development, the company became quite influential in West China.
Before the exposure of Huang Lihui’s scandal, he was always considered a capital-savvy professional executive. The available profile shows that he once took part in the listing and shareholding transfer of Century Zhongtian Investment Holdings Ltd, China No. 7 Grinding Wheel and other wellknown state-owned enterprises. He also played an important role in the formulation and publication of local capital-related rules, including the Management Methods of State-owned Enterprises’ Property Right Exchange in Guiyang.
Huang Lihui was definitely a heavyweight in the capital market of Guizhou. He began his career life after graduating from Guizhou Academy of Finance and Economics in 1986. He once served as the head of the Budget Department of the Guiyang Financial Bureau, director of the Enterprise Department at the Guiyang State-owned Assets Management Bureau, director and vice manager of Guiyang State-owned Assets & Investment Management Corp, and board chairman of Sunshine Property Right Exchange.
Sunshine Property Right Exchange was founded on December 23, 2002 as a platform for the property right exchange and purchasing of Guiyang government and the whole province Guizhou. It was once the only professional institution that was accredited by the Guizhou Provincial Committee of State-owned Assets. After 10 years’development, the company became quite influential in West China.
Before the exposure of Huang Lihui’s scandal, he was always considered a capital-savvy professional executive. The available profile shows that he once took part in the listing and shareholding transfer of Century Zhongtian Investment Holdings Ltd, China No. 7 Grinding Wheel and other wellknown state-owned enterprises. He also played an important role in the formulation and publication of local capital-related rules, including the Management Methods of State-owned Enterprises’ Property Right Exchange in Guiyang.