Adopt the China Merchants Bank model! Wang Zhiheng of China Everbright Bank has added a new position

Mondo Finance Updated on 2024-02-01

This article**: Times Finance Author: Huang Yukun

China Everbright Bank (601818.)sh;06818.HK) President Wang Zhiheng has been appointed as the bank's party secretary. On January 10, according to the official website of Everbright Bank, Wang Zhiheng has been the secretary of the bank's party committee since December 2023.

Wang Zhiheng's new appointment means that the party secretary and chairman of Everbright Bank are no longer held by the same person, but have become the "one shoulder" model of party secretary and president. It's the same as China Merchants Bank.

Everbright Bank was previously the secretary and chairman of the board

For a long time, the post of party secretary of China Everbright Bank has been "shouldered" by the chairman of the bank. In May 2023, Wang Jiang, former Secretary of the Party Committee and Chairman of Everbright Group and former Secretary of the Party Committee and Chairman of Everbright Bank, attended the unveiling ceremony of the State Administration of Financial Supervision and Administration as the Deputy Director in charge of daily work of the Office of the Financial Commission. Since then, Wang Jiang has stepped down from his positions in Everbright Group and Everbright Bank.

Judging from the current situation, the positions of chairman of the board of directors and secretary of the party committee of Everbright Bank have been taken over by Wu Lijun and Wang Zhiheng respectively.

In November 2023, China Everbright Bank announced that Wang Jiang, chairman of the bank, had resigned from all positions in the bank due to work adjustments. At the same time, the board of directors of the bank agreed to elect Wu Lijun as the chairman of the ninth board of directors of the bank, and Wu Lijun's position as chairman of the board of directors will take effect from the date on which his qualifications are approved by the State Administration of Financial Supervision and Administration.

Wu Lijun is currently the Secretary of the Party Committee and Chairman of Everbright Group. According to his resume, he has served in the regulatory department for a long time, and has served as a member of the Party Committee and assistant to the chairman of the China Securities Regulatory Commission, chairman of the board of directors and secretary of the party committee (vice minister level) of the Shenzhen ** Stock Exchange, and later transferred to the deputy secretary of the party committee, vice chairman and general manager of Everbright Group.

Now, the position of party secretary of China Everbright Bank has been clarified, and Wang Zhiheng, president of the bank, has taken over.

Wang Zhiheng is an experienced veteran in the banking industry, having served as Deputy Governor of the Bank of China. According to his resume, Wang Zhiheng was born in June 1973 and has worked in Bank of China for a long time, successively serving as Deputy Director of the Corporate Planning Division and Head of the Human Resources Department of the Corporate Business Department of the Bank of China, Deputy General Manager of the Human Resources Department, Member of the Party Committee and Vice President of the Guangdong Branch of the Bank of China, Secretary of the Party Committee and President of the Qinghai Branch, Director of the Organization Department of the Party Committee and General Manager of the Human Resources Department of the Bank of China, Secretary of the Party Committee and President of the Beijing Branch of the Bank of China, Member of the Party Committee and Vice President of the Bank of China.

In December 2022, Wang Zhiheng was transferred to Everbright Group and served as a member of the Party Committee of Everbright Group and Deputy Secretary of the Party Committee of Everbright Bank. Since March 2023, Wang Zhiheng has been appointed as President and Executive Director of Everbright Bank, and since December 2023, he has been appointed as Secretary of the Party Committee of Everbright Bank. Currently, he also serves as a member of the Party Committee and Executive Director of Everbright Group.

In March 2023, Wang Zhiheng made his first appearance as the president of Everbright Bank at the bank's annual results briefing. He said that "building a first-class wealth management bank" is in line with the development direction of the banking industry, and CEB will adhere to this strategic vision, and will continue to refine the connotation and path of strategic transformation through the three major axes of "accelerating digital transformation, anchoring the North Star index, and focusing on key business areas".

According to the data, as of the end of the third quarter of 2023, the total assets of Everbright Bank reached 683 trillion yuan, an increase of 8 from the beginning of the year48%;In the first three quarters of 2023, the bank achieved operating income of 11223 billion yuan, a year-on-year decrease of 430%, and the net profit attributable to the parent company was 3769 billion yuan, a year-on-year increase of 300%。

China Merchants Bank and Ping An Bank are also secretaries and presidents

The Times Weekly reporter noticed that Everbright Bank is not the first bank to adopt the party secretary and chairman of the board of directors, and the party secretary and president are "shoulder-to-shoulder", but it adopts the "China Merchants Bank model". Since its establishment, China Merchants Bank has long implemented the "president responsibility system under the leadership of the board of directors", and the board of directors has full trust in the management and authorized the daily operation and management of the bank, and the post of secretary of the party committee has always been concurrently held by the president.

At present, the chairman of China Merchants Bank is Miao Jianmin, Secretary of the Party Committee and Chairman of China Merchants Group, and Wang Liang is the Secretary of the Party Committee and President of China Merchants Bank. Miao Jianmin said in 2022 that although the president of China Merchants Bank has changed, corporate governance will not change, and the board of directors' support for China Merchants Bank will not change. It is necessary to continue to maintain the president responsibility system under the leadership of the board of directors, the market-oriented incentive and restraint mechanism, and the stability and continuity of the cadre team.

Coincidentally, there is also a national joint-stock bank that has recently separated the personnel who serve as the chairman of the board of directors and the secretary of the party committee.

In June 2023, Hu Yuefei, the former president of Ping An Bank, resigned from his relevant position due to age and appointed Ji Guangheng as the president of the bank. Previously, the Party Committee of Ping An of China appointed Ji Guangheng as Secretary of the Party Committee of Ping An Bank, and Xie Yonglin, General Manager and Co-CEO of Ping An Bank and Chairman of Ping An Bank, no longer concurrently served as Secretary of the Party Committee of the bank.

In November 2023, Ji Guangheng's qualifications for the position of president were approved by the regulators, and Ping An Bank also realized the "one shoulder" model of party secretary and president.

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