In 2023, there will be frequent changes in the banking industry's top executives.
According to incomplete statistics from the Financial TimesAt least 20 banks saw changes in the chairmanship of the bank during the year, including Bank of China, China CITIC Bank, Bank of Suzhou and other 39 A-share listed banks have changed the chairman, president and chairman of the board of supervisors.
Bank executives are intensively changing
State-owned banksSince April 25, Ge Haijiao has been the chairman and executive director of Bank of China.
Joint-stock banksIn China, the positions of chairman of China CITIC Bank, Shanghai Pudong Development Bank, Everbright Bank, Zheshang Bank, Hengfeng Bank and Bohai Bank have all changed. Among them, Fang Heying, the new chairman of China CITIC Bank, and Liu Cheng, president of China CITIC Bank, officially took office in AugustIn the same month, the qualifications of Lu Jianqiang, the new chairman of Zheshang Bank, were approvedThe relevant appointment of Xin Shuren, the new chairman of Hengfeng Bank, was approved by the regulatory authorities as early as JuneBohai Bank officially received the approval of the qualifications of the new chairman Wang Jinhong in October. On November 17, Shanghai Pudong Development Bank announced that it had elected Zhang Weizhong as the bank's chairman. On the same day, China Everbright Bank announced that it had elected Wu Lijun as the bank's chairman.
Small and medium-sized banksThe chairmanship is more intensively changed. According to incomplete statistics, Bank of Suzhou, Bank of Tianjin, Qilu Bank, Bank of Jilin, Bank of Xinjiang, Bank of Zhengzhou, Bank of Hubei, Bank of Dongguan, and Shengjing Bank will all usher in new chairmen in 2023, and the new chairmen of Liaoning Rural Commercial Bank, Qingdao Rural Commercial Bank, Wuhan Rural Commercial Bank, China Post Huiwanjia Bank, and China Merchants Wing Lung Bank have also taken office.
The "post-75s" began to pick up the beams
The reporter combed and found thatRetirement and job transfers are the main reasons for the change in senior management of various banksDozens of top leaders of listed banks have "handed over the baton" due to regulatory tenure regulations and annual retirement.
For example, on July 18, Industrial Bank announced that Tao Yiping, director and president of the bank, had resigned due to his age. On the same day, Li Fuan, the former chairman of Bohai Bank, resigned as chairman of the bank and a number of related positions due to retirement. In January, Wang Lin, the former president of the Bank of Qingdao, who had served for more than 10 years, resigned due to retirement. In February, Wang Lanfeng, the former chairman of the Bank of Suzhou, resigned due to age, and Cui Qingjun took over as chairman. Also due to age, Huang Jiadong, the former chairman of Qilu Bank, who had been "at the helm" for just over a year, submitted his resignation in February, and Zheng Zugang took over as the new chairman.
Chen Huaiyu, former vice president of Bank of China, and Zhang Min, former vice president of China Construction Bank, resigned because of job transfers.
It is normal for senior management changes in listed banks to occur. According to the analysis of industry insiders, it is currently in the intensive retirement period of bank executives, and the resignation of the older generation of bankers also means a new stage of bank development. At the operational and development level, the change of head will not have much impact on large state-owned banks, but for small and medium-sized banks, management is an important part of the bank's development strategy, and its personal ability and industry reputation level will trigger different market reactions.
At the time of the replacement of the old and the new, the backbone of the "post-70s" and even the "post-75s" in the bank management is becoming more and more obvious. Especially in the groups of urban commercial banks and rural commercial banks, the "post-80s" generation has also gradually taken the stage. According to incomplete statistics, the number of presidents of listed banks after 75 has increased to 13.
Turnover is common in the industry
In terms of tenure, it is common for bank executives to move between them in the industry.
For example, Ge Haijiao, the new chairman of the Bank of China, has served at the Agricultural Bank of China for 23 years, and has also served as deputy secretary of the party committee, executive director and president of Everbright Bank. Zhang Weizhong, the new chairman of Shanghai Pudong Development Bank, has worked for CCB for 28 years, and has served as the general manager and corporate business director of CCB. Prior to joining Bank of Zhengzhou, Zhao Fei, the bank's new chairman, worked for the Agricultural Development Bank of China for a long time. Yu Jianzhong, the new chairman of the Bank of Tianjin, was the chairman of the Tianjin Rural Commercial Bank and had worked in the agricultural bank system for a long time. Before joining Qilu Bank, Zheng Zugang, the bank's new chairman, had worked in the Agricultural Bank system for a long time.
Some bank executives are promoted and appointed from within the company's system. For example, Zhao Jun, chairman of Hubei Bank, who succeeded Liu Zhigao, was promoted from president, and Liu Honghai, the newly appointed chairman of China Post Huiwanjia Bank, and Xu Zhaohui and Deng Ping, two non-executive directors, were all members of the Postal Savings Bank system.
In terms of destination, intra-financial flows are also common. For example, Wang Lisheng, former party secretary and chairman of the Jilin Bank, will be appointed secretary of the party committee and chairman of the Jilin Provincial Associated Press. Lu Guofeng, the former chairman of the Bank of Dongguan, was transferred to the helm of Dongguan Rural Commercial Bank in the same city in May this year. In addition, it is not uncommon for bank executives to take up local posts, such as Zhang Min, former vice president of China Construction Bank, as the new vice governor of Henan Province, and Chen Huaiyu, former vice president of the Bank of China, as the new vice governor of Hainan Province.
Financial professionals are relatively more professional, with higher requirements for work experience, professional knowledge and ability, and professionals with financial background are in charge of local financial work, which will help financial work to be better carried out, promote local economic development, and also help to better prevent regional financial risks. Dong Ximiao, chief researcher of Zhaolian, told the Financial Times.
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