Breaking: UBS and Deutsche Bank hired a layman from Chinese People's Liberation Army as Chinese and even Asian head of investment banking service

Prospectus, signed by Cai Hongping(蔡洪平)'s employer, for the public issuance of 2020 corporate bonds (second tranche) by China National Machinery Industry Corporation(中国机械工业集团有限公司) stated: Cai Hongping, an external director of the Machinery Group, an independent director of COSCO Shipping, Shanghai Pudong Development Bank, and China Eastern Airlines, successively served as the director of the Shanghai Petrochemical General Plant Office, and a member of the joint working group for Chinese state-owned enterprises to go public in Hong Kong , the chief representative, deputy general manager, director, managing director and head of the investment banking department in Asia of Peregrine China Beijing, chairman of the investment banking department of UBS in China, chairman of the Asian investment banking department, a member of the Asia Pacific executive committee, and the director of Chinese corporate and investment banking of Deutsche Bank.

Cai Hongping graduated from the Chinese People's Liberation Army Naval Academy with a bachelor's degree in journalism in 1977, and graduated from Fudan University with a major in journalism in 1988. Therefore, Cai Hongping's job is to publicize and promote business for the Chinese military, including selling stocks. In 1997, Cai Hongping joined Peregrine and sponsored Beijing Enterprises with Morgan Stanley. In January 1998, Peregrine announced its liquidation and asked the Hong Kong government to take over. 

 In 2003, Cai Hongping successfully assisted Lianhua Supermarket (HKG:0980), Weiqiao Textile (HKG:2698), and Great Wall Motors (HKG:2333) to land in the Hong Kong capital market.

In June 2004, Mengniu Dairy (HKG:2319) went public, and the entrepreneurial team has 5 billionaires, more than 10 multi-millionaires, and dozens of millionaires. In the same month, CSCL issued 2.42 billion H shares, which was oversubscribed by 53 times and became the first listed container shipping company in the world in 18 years, with its market value ranking sixth in the world.

In 2005, Xiamen Port International (HKG: 3378) became what Cai Hongping was willing to mention. He said that the memories left by the trader were always exciting: the international roadshow was completed in 7 days, the issue price was 1.32 Hong Kong dollars, and the price-earnings ratio was as high as 15.6 times, the highest price for the stock issuance of Hong Kong port concept companies in 15 years.

On March 4, 2006, Nine Dragons Paper (HKG:2689) was listed on the main board of Hong Kong. Later, the founder of the company, Zhang Yin, became the first richest woman in China. Nine Dragons Paper was already the largest paper giant in China and the second largest in Asia before its listing. The selling point summed up by Cai Hongping is: China is a big exporter of light industrial products, home appliances, IT, all commodities need to be packaged...

March 2009 "Wall Street Journal" reported: UBS announced the promotion of China's successful dealmaker Cai Hongping to take the helm of its Asian investment banking division. This move shows that UBS has high hopes for a strong Chinese business, hoping to boost the Asian region during the distress.

From his career history, it is not found that Cai Hongping has studied finance, accounting, law, etc.,

UBS insiders told reporters that Cai Hongping played a major role in the UBS's investment banking business in China. The human resources internal control and corporate governance of UBS and Deutsche Bank have long had serious problems.

The circumstances mentioned above may have contributed to false outcome of economic development that is economy development and opening result in dictatorship and global pandemic caused by coverup of China.

PLA‘s soldier, as head of western investment bankers,is surely banning private part of Chinese economy and promoting Chinese Communist part of Chinese economy. Corporate governance in UBS and Deutsche Bank as well as other bankers must be overhauled immediately. Before overhauling accomplished, all bankers and its senior management with investment or business in China should be registered as foreign agents.