A few days ago, according to the reply of the State Administration of Financial Supervision and Administration, Li Bin's qualifications to serve as the secretary of the board of directors of Minsheng Bank were approved. According to relevant regulations, Li Binshi has been appointed as the secretary of the board of directors of the bank since February 22, 2024.
On the same day, the regulator also approved Cheng Fengchao's qualifications as an independent director of China Minsheng Bank Co., Ltd. (hereinafter referred to as Minsheng Bank).
According to public information, Li Bin was born in 1967 and is currently the vice president of Minsheng Bank. Li Bin is a "veteran" of Minsheng Bank. In 1995, she joined Minsheng Bank as the Director of the Treasury Division of the International Business Department. In October 2000, he was appointed as the Deputy General Manager of the Financial Interbank Department of Minsheng Bank; In May 2007, he was appointed as the general manager of the derivatives business department of Minsheng Bank; In May 2009, he was appointed as the President of the Financial Market Department of Minsheng Bank; In 2012, he was appointed Assistant to the President of the Bank.
In addition, Cheng Fengchao was born in June 1959 and has more than 40 years of economic experience. He is currently the president of Zhongguancun Guorui Financial and Industrial Development Research Association (community organization), an independent director of Chinese People's Property Insurance Co., Ltd.*** Minmetals Capital Co., Ltd.***Sinochem International (Holdings) Co., Ltd.***, an external supervisor of Everbright ** Co., Ltd.***, a member of the Academic Advisory Committee of the China Association of Listed Companies, and a doctoral supervisor of Hunan University.
In addition, Cheng Fengchao has also served as a director of Industrial and Commercial Bank of China Co., Ltd., Agricultural Bank of China Co., Ltd., and a supervisor of China Everbright Group Co., Ltd.
According to the official website, Minsheng Bank was established in January 1996 and is the first national joint-stock commercial bank in China established mainly by private enterprises. In 2000 and 2009, it was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. At present, the total assets of Minsheng Bank exceed 75 trillion yuan, net assets of more than 630 billion yuan, more than 2,700 branches, more than 6 employees60,000, with commercial banking, financial leasing, management, overseas investment banking, bank wealth management and other financial licenses.
In terms of performance, in the third quarter of last year, Minsheng Bank achieved revenue of 3476.5 billion yuan, a year-on-year increase of 107%；The corresponding net profit attributable to shareholders of the bank was 9.8 billion yuan, an increase of 7 over the same period in 202222%。
In the first nine months of last year, Minsheng Bank achieved revenue of 10630.4 billion yuan, a year-on-year decrease of 211%；The corresponding net profit attributable to the parent company was 3357.7 billion yuan, a decrease of 06%。
As of the end of September last year, Minsheng Bank's non-performing loan ratio was 155%, a decrease of 013 percentage points; The provision coverage ratio was 14921%, an increase of 672 percentage points; Net interest margin 148%, a decrease of 014 percentage points.