Core Points - The case involves Yan Guijun, former Party Secretary and Chairman of Everbright Trust, who is accused of bribery, illegal loan issuance, and abuse of power [2][3] - The prosecution alleges that from the second half of 2002 to 2021, Yan Guijun used his positions to provide assistance in loan approvals and other matters, receiving bribes totaling over 21.17 million RMB [2] - During his tenure from May 2016 to February 2020, Yan Guijun is accused of approving loans totaling over 6.39 billion RMB to companies that did not meet the loan conditions [2] - The trial has concluded with Yan Guijun expressing remorse and admitting guilt, with the court set to announce a verdict at a later date [3] Summary by Sections - **Accusations**: Yan Guijun is charged with bribery, illegal loan issuance, and abuse of power, with the prosecution detailing his misuse of authority across various positions within the Everbright Group [2] - **Financial Details**: The total amount of bribes received by Yan Guijun is reported to be over 21.17 million RMB, while the illegal loans issued during his leadership amounted to over 6.39 billion RMB [2] - **Trial Proceedings**: The court proceedings included the presentation of evidence by the prosecution, cross-examination by the defense, and a final statement from Yan Guijun, who admitted his wrongdoing [3]

Core Viewpoint - The trial of Yan Guijun, former chairman of Everbright Trust, is underway, facing serious charges including bribery and illegal loan issuance, with significant financial implications involved [1][2]. Group 1: Charges and Allegations - Yan Guijun is accused of illegally issuing loans exceeding 6.39 billion yuan and accepting bribes totaling over 211.71 million yuan from 2002 to 2021 [2]. - During his tenure at Everbright Trust, he knowingly approved loans for companies that did not meet the necessary conditions, violating legal regulations [2]. - The prosecution has requested criminal charges against Yan for bribery, illegal loan issuance, and abuse of power as a state-owned company employee [2]. Group 2: Background and Tenure - Yan Guijun has held various significant positions within the Everbright Group since 2000, including roles at Everbright Bank and Everbright Asset Management [5]. - He served as the president of Everbright Trust from April 2015 and became chairman in March 2019, before being removed from his positions in January 2021 [5][6]. - Under Yan's leadership, Everbright Trust experienced rapid growth, moving from a low industry ranking to a prominent position, although this growth was accompanied by rising non-performing assets [6]. Group 3: Industry Context and Implications - The rapid expansion of Everbright Trust raised concerns among regulators, particularly regarding the growth of financing trusts, which led to regulatory scrutiny and temporary suspension of certain business activities [6]. - A strategic partnership was formed between Everbright Trust and Fuxing Group, with a collaboration scale reaching 10 billion yuan, although Fuxing Group later faced financial difficulties [6]. - The case of Yan Guijun is part of a broader context of scrutiny within the Everbright Group, following the investigation of its former chairman, Li Xiaopeng, for serious violations [7].

Core Viewpoint - The trial of Yan Guijun, former chairman of Everbright Trust, has commenced, with allegations of bribery exceeding 2 billion RMB and illegal loan issuance amounting to nearly 64 billion RMB [1][4][5]. Summary by Sections Allegations and Charges - Yan Guijun is accused of utilizing his position to assist certain entities and individuals in loan approvals, business development, and promotions, receiving illegal benefits totaling over 21,171 million RMB [4][6]. - From May 2016 to February 2020, while serving as chairman, he knowingly approved loans to companies that did not meet the necessary criteria, resulting in the issuance of loans totaling approximately 63.9 billion RMB [6][7]. Background and Career - Yan Guijun held various significant positions within the Everbright Group, including roles at Everbright Bank and Everbright Trust, where he was instrumental in the company's growth [9][10]. - He served as the president of Everbright Trust starting in April 2015 and became chairman in March 2019, during which the company's management scale significantly increased [10]. Recent Developments - In January 2021, Yan was removed from his positions within Everbright Trust, with the company citing "other arrangements" for his removal [10]. - Following his removal, he faced inquiries related to investment decisions involving real estate companies, and his case has gained attention amid broader investigations into the Everbright Group [10].