China Merchants Bank added a new vice president: "post-70s" Li Delin was promoted internally

On January 1, 2021, CMB issued an announcement that the 20th meeting of the 11th Board of Directors agreed to appoint Li Delin as vice president.

On December 31, 2020, CMB held a board meeting, at which the meeting deliberated and passed the "Proposal on Appointing Mr. Li Delin as Vice President of China Merchants Bank", and agreed to appoint Mr. Li Delin as Vice President of China Merchants Bank. Li Delin's term of office as Vice President shall take effect from the date on which the China Banking and Insurance Regulatory Commission approves his qualifications and shall end on the date of expiration of the 11th Term of the Board of Directors.

According to public information, Li Delin, born in December 1974, has a doctorate in economics from Wuhan University and is a senior economist. In October 2013, Li Delin joined CMB and successively served as the director of the office of the head office, the general manager of the strategic customer department, the general manager of the strategic customer department and the general manager of the institutional customer department, the president of the Shanghai branch and the president of the Shanghai Pilot Free Trade Zone branch, and since April 2019, he has been the assistant to the president of the bank and the supervisor of the Shenzhen Association of Listed Companies.

After Li Delin's vice president qualifications have been approved by the CBIRC, the leadership team of CMB will be formally transformed into a senior management structure composed of chairman Miao Jianmin, president Tian Huiyu, supervisor Liu Yuan, vice president Liu Jianjun (concurrently secretary of the board of directors), Wang Liang, Wang Jianzhong, Shi Shunhua (concurrently president of Shanghai branch), Wang Yungui, Li Delin, and liu hui, assistant to the president.

From the perspective of senior management structure, CMB is keen on internal promotion. Among the five vice presidents currently in service, except for Wang Yungui, who joined the bank in June 2019, the other four vice presidents are all "old recruits", of which Liu Jianjun, who has joined the bank for the shortest time, has joined the bank for 20 years, while Wang Jianzhong, who has the oldest seniority, joined the bank as early as 1991 and has been nearly 30 years.

Li Delin has been with CMB for more than 7 years, and although he is much younger than several other executives, he is well paid. According to the 2019 annual report of China Merchants Bank, Li Delin's remuneration (before tax) in 2019 was 2.2309 million yuan, which was almost the same as that of another assistant to the president, Liu Hui, who was paid 2.2341 million yuan in the same year.

It is worth mentioning that although Li Delin and Liu Hui were both promoted to assistant to the president in April 2019, Liu Hui was four years older than Li Delin in age, born in 1970, and joined the recruitment bank earlier than Li Delin, who joined the bank in April 1995 and has been 25 years now. The vice president promoted internally by the bank is Li instead of Liu or is related to the fact that Liu Hui was "named" by supervision in August 2020.

On 7 August 2020, the Shanghai Stock Exchange issued the Decision on The Decision on Regulatory Attention to Liu Hui, then Assistant to the President of China Merchants Bank Co., Ltd., which pointed out that Liu Hui, as a senior manager of a listed company at the time, purchased the company's shares within 30 days before the disclosure of the regular report, which constituted an illegal trading of the company's shares during the regular reporting window. Considering that Liu Hui promised not to sell the above-mentioned illegally purchased shares within three years, if he sold this part of the shares after three years, the proceeds would belong to the listed company, and it was decided to deal with it lightly as appropriate. In the end, the Shanghai Stock Exchange made a decision on regulatory measures to give liu hui regulatory attention.

2020 is not smooth for China Merchants Bank, in December the "Circular on Consumer Complaints in the Banking Industry in the Third Quarter of 2020" released by the official website of the Banking and Insurance Regulatory Commission, China Merchants Bank's credit card business ranked first among joint-stock commercial banks with 5598 complaints.

This article originated from the President's reference