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Liu Yuan, chairman of the supervisory board of China Merchants Bank, resigned as secretary of the Discipline Inspection Commission Xiong Liangjun officially "took over the baton"

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On August 18, China Merchants Bank announced that the meeting of the board of supervisors held today agreed to elect Xiong Liangjun as the chairman of the 11th board of supervisors.

Two days ago, Liu Yuan submitted a resignation letter to the board of supervisors due to job changes, requesting his resignation as chairman of the board of supervisors and employee supervisor, and then China Merchants Bank added Xiong Liangjun as a staff supervisor.

Liu Yuan, chairman of the supervisory board of China Merchants Bank, resigned as secretary of the Discipline Inspection Commission Xiong Liangjun officially "took over the baton"

Born in February 1963, Xiong Liangjun is a 58-year-old 58-year-old master's degree in money and banking from Zhongnan University of Finance and Economics, an EMBA from Cheung Kong Graduate School of Business, and a senior economist. Prior to joining China Merchants Bank, Xiong Liangjun was mainly engaged in financial supervision, and from September 2003 to July 2014, he successively served as the deputy director of the Shenzhen Supervision Bureau, the director of the Guangxi Supervision Bureau and the director of the Shenzhen Supervision Bureau of the China Banking Regulatory Commission, and joined China Merchants Bank as the secretary of the Discipline Inspection Commission in July 2014.

Liu Yuan served as the chairman of the board of supervisors for seven years, and according to the proposal of the chairman of the supervisory board, Liu Yuan was commended. The commendations are as follows:

Mr. Liu Yuan has been the Chairman of the Supervisory Board of China Merchants Bank since August 2014. During his tenure, Mr. Liu Yuan, with his wise and friendly leadership charm, unique and profound professional insight, truth-seeking and pragmatic work style, and leading consciousness of reform and innovation, is committed to continuously strengthening the construction of the supervisory system of the board of supervisors, giving full play to the efficiency and value of internal audit, continuously stimulating the combat effectiveness of cadres and employees, and making outstanding contributions to building a high-quality corporate governance paradigm and promoting the transformation and development of China Merchants Bank.

Mr. Liu Yuan has consistently taken "strengthening the supervision of performing duties and serving the development of operation" as the working philosophy, led the board of supervisors to gather the wisdom and strength of all parties, constantly innovated the supervision mechanism, enriched the means of supervision, closely focused on the strategic direction of "light bank", firmly supported the board of directors and senior executives to think about change, seek development and innovation, and made suggestions and suggestions for the growth of the bank's business scale, the improvement of operating efficiency, the stability of asset quality, and the consolidation of basic management, and created a supervision system with the characteristics of China Merchants Bank. Mr. Liu Yuan is good at grasping the overall situation, based on the long term, accurately judging, and advocating the implementation of a series of effective reform and transformation measures in terms of assessment and incentive mechanism, rejuvenation of the cadre team, construction of employee training system, innovation of auditing concepts and auditing methods, as well as strengthening the construction of trade unions, deepening employee care, and adhering to poverty alleviation and wisdom alleviation.

Today's China Merchants Bank, the market value has exceeded one trillion, corporate governance is more sound, the strategic direction of "light bank" and the strategic positioning of "one body and two wings" are clear and firm, the core competitiveness is constantly improving, and the dynamic and balanced development of "quality, efficiency and scale" has been realized, and it is striding forward towards the strategic vision of "the best value creation bank driven by innovation, leading model and distinctive characteristics". These achievements are inseparable from Mr. Liu Yuan's practical encouragement and dedication, and the strong guarantee of the sustainable and steady development of China Merchants Bank by the board of supervisors under the leadership of Mr. Liu Yuan. On the occasion of Mr. Liu Yuan's resignation as Chairman of the Supervisory Board of China Merchants Bank, in view of Mr. Liu Yuan's outstanding contributions to the development of China Merchants Bank, the Board of Supervisors hereby extends his high respect and heartfelt thanks to Mr. Liu Yuan and gives special commendations!

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