ICBC and CCB made an official announcement on the same day

The day before the May Day holiday, the Industrial and Commercial Bank of China and the China Construction Bank, two large state-owned banks, officially announced the changes of important personnel on the same day.

According to the WeChat official account of the Industrial and Commercial Bank of China, on the morning of April 30, the main responsible comrades of the relevant cadre bureaus of the Organization Department of the Central Committee attended the cadre meeting of the Industrial and Commercial Bank of China and announced the decision of the Central Committee: Comrade Liu Jun was appointed deputy secretary of the Party Committee of the Industrial and Commercial Bank of China.

According to the official WeChat public account of China Construction Bank "CCB Today" on April 30, the main responsible comrades of the relevant cadre bureaus of the Organization Department of the CPC Central Committee attended the cadre meeting of CCB and announced the decision of the Central Committee: Comrade Zhang Yi was appointed deputy secretary of the Party Committee of CCB.

Liu Jun "parachuted" into the Industrial and Commercial Bank of China

On February 1, ICBC announced that Chen Siqing, then Secretary of the Party Committee and Chairman of ICBC, resigned, and the board of directors elected Liao Lin as Chairman of ICBC, and the post of President of ICBC was vacant. According to the usual practice, after going through a series of necessary procedures, Liu Jun may become the president of ICBC.

According to the resume, Liu Jun was born in 1972, is 52 years old, graduated from Chinese University in 1993 with a major in finance, received a master's degree in business administration from Northeastern State University in Oklahoma in 1996, and a doctorate degree in business administration from the Hong Kong Polytechnic University in 2003.

According to her resume, Liu Jun has extensive experience in the banking industry, having worked in Everbright Systems for 20 years. He joined CEB in 1993 and has served as a foreign exchange trader, deputy director and director of the fundraising department and correspondent banking department, and assistant to the general manager of the company's international business department. From December 2000 to September 2009, he successively served as the chief representative, deputy general manager (in charge) of the treasury department and general manager of the investment banking department of China Everbright Bank Hong Kong Representative Office.

In September 2009, Liu Jun was appointed as a member of the Party Committee and Assistant to the President of China Everbright Bank, and since December 2010, he has been a member of the Party Committee and Vice President of China Everbright Bank, during which he has also served as the General Manager of the Financial Market Center of China Everbright Bank and the President of Shanghai Branch of China Everbright Bank.

In 2014, Liu Jun was appointed as Deputy General Manager of China Everbright Group Co., Ltd., Executive Director and Deputy General Manager of China Everbright (Group) Corporation, and concurrently served as Chairman of Sun Life Everbright Life Insurance Company Limited, Vice Chairman of China Everbright Group Limited, Executive Director and Vice Chairman of China Everbright Limited Limited, Executive Director and Vice Chairman of China Everbright International Limited, and Chairman of China Everbright Industrial (Group) Co., Ltd.

In 2016, Liu Jun left Everbright Systems, where she had worked for more than 20 years, to become the deputy general manager of China Investment Corporation.

Since July 2020, Liu Jun has been the President of Bank of Communications, and since August 2020, he has been the Vice Chairman and Executive Director of Bank of Communications. Liu Jun also became the first "post-70s" president of a state-owned bank.

Just one day before Liu Jun officially announced his new position, ICBC issued an announcement saying that the company's board of directors decided to appoint Zhang Shouchuan as vice president of ICBC. Zhang Shouchuan's appointment shall be reviewed and approved by the Board of Directors and shall be submitted to the State Administration of Financial Supervision and Administration for approval.

According to the resume, Zhang Shouchuan was born in January 1973, and before joining the Industrial and Commercial Bank of China, he had been working in Bank of China, and had served as the director of the evaluation secretariat and the head of the risk planning team of the risk management department of the head office of the Bank of China, and since November 2007, he has successively served as the deputy general manager of the risk management department and the director of the New Capital Agreement Implementation Planning and Coordination Office. Vice President and Chief Risk Officer of Shandong Branch, President of Inner Mongolia Autonomous Region Branch in December 2016, Director of the Office of the Head Office in March 2018, President of Shanghai Branch and Executive Vice President of Shanghai RMB Trading Business Headquarters in January 2021.

On the same day, ICBC issued an announcement stating that Mr. Guan Xueqing, secretary of the board of directors of the bank, resigned from the position of secretary of the board of directors and company secretary of the bank due to his age, and Duan Hongtao, vice president, acted as the secretary of the board of directors of ICBC.

At present, the leadership team of ICBC is: Liao Lin, Secretary of the Party Committee and Chairman, Liu Jun, Deputy Secretary of the Party Committee, Wang Jingwu, Executive Director, Vice President and Chief Risk Officer, Zhang Weiwu, Duan Hongtao and Yao Mingde, Vice Presidents, Zhang Shouchuan, and Xiong Yan, Song Jianhua and Tian Fenglin, Senior Business Directors.

According to ICBC's 2024 first quarter report, as of the end of the reporting period, the bank achieved operating income of 219.843 billion yuan, down 3.41% year-on-year, and net profit attributable to shareholders of the parent company of 87.653 billion yuan, down 2.78% year-on-year. According to the five-level classification of loan quality, the balance of non-performing loans was 370.888 billion yuan, an increase of 17.386 billion yuan over the end of the previous year, and the non-performing loan ratio was 1.36%, the same as that at the end of the previous year. The provision coverage ratio was 216.31%, up by 2.34 percentage points.

"Veteran" Zhang Yi returned to China Construction Bank

In March this year, China Construction Bank announced that Chairman Tian Guoli resigned due to age. Subsequently, the bank deliberated and passed the proposal on electing President Zhang Jinliang as the chairman of the board of directors of the bank and related arrangements. The State Administration of Financial Supervision and Administration has now approved Zhang Jinliang's qualifications to serve as chairman of the bank. If there is a vacancy in the post of president of CCB, according to the usual practice, Zhang Yi may become the president of CCB after completing the relevant procedures.

According to the resume, Zhang Yi was born in 1971, graduated from Southwestern University of Finance and Economics in 1993, and graduated from Chinese Renmin University in 2002 with a master's degree in business administration. He has the title of senior accountant.

Zhang Yi has worked in many banks such as China Construction Bank, Agricultural Bank of China, and Bank of China. Prior to that, he successively served as Deputy General Manager of the Asset and Liability Management Department of China Construction Bank, Vice President and President of Jiangsu Branch, and General Manager of the Finance and Accounting Department of China Construction Bank. In April 2021, he was appointed Chief Financial Officer of China Construction Bank.

In November 2021, Zhang Yi left CCB to become Vice President of Agricultural Bank of China, and in March 2023, Zhang Yi joined Bank of China as Vice President.

At present, the leadership team of CCB is: Zhang Jinliang, Secretary of the Party Committee and Chairman, Zhang Yi, Deputy Secretary of the Party Committee, Ji Zhihong, Li Yun, Wang Bing, Li Min and Li Jianjiang, Vice Presidents, Hu Changmiao, Secretary of the Board of Directors, Jin Panshi, Chief Information Officer, and Sheng Liurong, Chief Financial Officer.

According to the first quarterly report released by China Construction Bank on April 29, as of the end of March 2024, the bank achieved operating income of 200.928 billion yuan, down 2.97% year-on-year, and net profit attributable to shareholders of the bank of 86.817 billion yuan, down 2.17% from the same period last year. The net interest income was 149.731 billion yuan, down 2.19% from the same period last year. The net interest margin was 1.57%, mainly due to the decline in the LPR (Loan Prime Rate) and the low market interest rate.

Source: Sino-Singapore Jingwei