Liu Jin became the president of the Bank of China, and Everbright Bank was vacant again Liu Jin bid farewell to the formation of a new leadership team of the Bank of China at Everbright Bank

With the determination of the president, the new "three chiefs" of the Bank of China have been completed. Chairman Liu Liange, President Liu Jin, and Supervisor Zhang Keqiu

Text/Caijing reporter Zhang Wei Tang County

Editor/Yuan Man

Bank of China (601988. SH) a month after wang Jiang was transferred to the presidency of China Construction Bank, the new leadership team of the Bank of China was completed.

The "Finance" reporter learned that the Bank of China held a plenary meeting on the afternoon of February 25, and the relevant cadres of the Central Organization Department announced that Liu Jin, president of China Everbright Bank, was appointed deputy secretary of the party committee of the Bank of China, and intended to serve as vice chairman and president. According to the usual practice, after completing the relevant procedures such as regulatory approval, Liu Jin will officially become the new president of the Bank of China.

"After the Spring Festival, Liu Jin was already evaluated." A person close to Everbright Bank told Caijing. In fact, the recent "three chiefs" of the Bank of China not only ushered in a new president, on the first day of work after the Spring Festival (February 18), the Bank of China issued an announcement that Wang Xiquan resigned as the chairman of the bank's supervisory board due to age reasons, and Zhang Keqiu took over Wang Xiquan as the chairman of the bank's supervisory board. Zhang Keqiu previously served as an executive director and vice president of the Agricultural Bank of China.

With the determination of the president, the new "three chiefs" of the Bank of China have been completed. Chairman Liu Liange, President Liu Jin, and Supervisor Zhang Keqiu.

<h1>Liu Jin bid farewell to Everbright Bank</h1>

According to his resume, Liu Jin was born in 1967, now 54 years old, graduated from Shandong University with a master's degree in English language and literature, and has the title of senior economist.

Background information shows that Liu Jin has served in the banking system for a long time, successively serving as a representative of the London Representative Office of the Industrial and Commercial Bank of China, the general manager, party committee member and vice president of the International Business Department of the Shandong Branch, the vice chairman, executive director and general manager of the ICBC Europe and the general manager of the Frankfurt Branch of the Industrial and Commercial Bank of China, the general manager of the Investment Banking Department of the Industrial and Commercial Bank of China, the secretary of the Party Committee and the president of the Jiangsu Branch, and the party committee member and vice president of the China Development Bank.

In November 2019, Liu Jin was transferred from vice president of CDB to deputy secretary of the party committee of Everbright Bank, serving as president since January 2020 and executive director since March. At the same time, he also serves as a member of the Party Committee and executive director of Everbright Group. As of now, it has only been in the new Everbright system for more than a year.

"The business style is stable, focusing on risk and innovative development in the financial sector, and is extremely familiar with the commercial banking model." A banker who works with Liu Jin commented on Liu Jin to the Caijing reporter. Another person close to Mr. Liu described his style of office at Everbright over the past year or so as "simple and firm."

In March 2020, Liu Jin, who had been in office for only 2 months, attended the performance briefing of Everbright Bank for the first time as president. At the meeting, Liu Jin announced that in the face of the new crown epidemic and the complex situation, Everbright Bank's business objectives for 2020 will not be adjusted for the time being, and further proposed six specific work measures such as actively promoting retail transformation, increasing investment in science and technology, and giving play to the role of science and technology empowerment.

In October 2020, Liu Jin focused on the progress of Everbright's retail transformation and digital bank construction in an exclusive interview with China Banking and Insurance News.

In terms of retail transformation, retail indicators accounted for 59% of the strategic indicator system set by Everbright Bank; the organizational structure of retail finance was adjusted, the original retail business department was renamed the retail and wealth management department, and the first-level private banking department was newly established. In the first half of 2020, a number of operating indicators of retail finance of Everbright Bank hit a record high in the same period of history, among which the increase in retail customers and private banking customers exceeded the data of the previous year, and the retail business achieved operating income of 29.28 billion yuan, an increase of 8.3% year-on-year, accounting for 40.6% of the bank's operating income.

In terms of digital bank construction, Everbright Bank formulated a "345" plan, that is, 3% of science and technology investment, 4% of manpower investment, 500 million yuan of science and technology innovation fund investment, and the growth rate of science and technology investment in the first half of the year was as high as 43.78%. As of the end of June 2020, in terms of infrastructure construction, the application cloud migration rate of Everbright Bank was as high as 87.51%, and the effective available data of the whole bank increased by 67.22% compared with the beginning of the year; in terms of applications, the mobile banking version 8.0 was released, the monthly active users increased by 45.52%, and the bank's personal wealth management sales through mobile banking reached 87.4%.

The announcement shows that in the past year or so, the personnel of Everbright Bank has changed frequently. In addition to the change of president, since November 2019, Wu Jian and Sun Qiang, two vice presidents of Everbright Bank, have resigned due to work adjustments, and then Everbright Bank has promoted Qu Liang, secretary of the party committee and president of the Beijing branch, Qi Ye, chief business director, and Yang Bingbing, chief business director and general manager of the digital finance department, as three vice presidents.

Before Liu Jin left Everbright, President Liu Jin, together with Lu Hong, Yao Zhongyou, Qu Liang, Qi Ye and Yang Bingbing, formed the executive structure of Everbright Bank.

Among them, the two vice presidents Qi Ye and Yang Bingbing, who officially took office in July last year, are from Everbright Retail Banking and Digital Finance Line, respectively, and their promotions are considered by industry experts to show the bank's great importance to retail transformation and digital transformation.

As of the end of the third quarter of 2020, Everbright Bank had total assets of about 5.3 trillion yuan, ranking in the middle of 12 national joint-stock commercial banks. According to the 2020 performance express, Everbright Bank achieved operating income of 142.535 billion yuan, an increase of 7.32% year-on-year; net profit attributable to the mother was 37.824 billion yuan, an increase of 1.26% year-on-year.

In addition, Liu Jin's predecessor, Ge Haijiao, former president of Everbright Bank, did not hold office for a long time. According to public information, Ge Haijiao began to serve as the deputy secretary of the party committee of Everbright Group in November 2018, became the executive director and president of the bank since January 2019, and was transferred to the vice governor of Hebei Province in September of that year, serving for less than a year.

<h1>The new leadership team of the Bank of China was formed</h1>

With the new president finalized, the new leadership team of bank of China is nearing completion.

At present, the management of Bank of China is one director and three deputy directors, plus the pattern of chief information officer, risk director and board secretary. According to the senior management members of the official website of the Bank of China, the three vice presidents of the Bank of China are Wang Wei, Lin Jingzhen and Zheng Guoyu, the chief information officer is Liu Qiuwan, the risk director is Liu Jiandong, and the secretary of the board of directors is Mei Feiqi.

Industry insiders pointed out that with the completion of the "three chiefs", the first problem ushered in by the Bank of China is the run-in and synergy of the new leadership team, especially the coordination between the chairman and the new president has aroused the attention of the Chinese people and the industry.

Public information shows that Liu Liange was born in May 1961 in Yongji County, Jilin City, Jilin Province. In 1987, he graduated from the Graduate School of Chinese Min Bank with a master's degree in economics and was a senior economist. His work history is mainly divided into three parts: the Central Bank, the Export-Import Bank of China and the Bank of China.

People who have been in contact with Liu Liange once commented to the "Caijing" reporter, "Iq and emotional intelligence are high, handsome and capable." In the eyes of the Pedestrians, Liu is a very good leader to deal with, after being promoted to chairman, he will still personally go downstairs to pick up the courier, often walk to work, and work silently alone.

The new president ushered in by the Bank of China is also quite well received. With many years of experience in banks at home and abroad, he has a stable business style, pays attention to the innovation and development of risk and financial fields, and is extremely familiar with the commercial banking model." A banker who works with Liu Jin told Caijing reporters.

Despite being ranked among the four state-owned banks, BOC is already in a difficult position.

Judging from the data released in the third quarter of last year, the total assets of the Industrial and Commercial Bank of The Universe Bank reached 33.5 trillion yuan, ranking first; the total assets of the Construction Bank reached 28.3 trillion yuan, ranking second; and the total assets of the Agricultural Bank of China were 27.3 trillion yuan, ranking third.

The total assets of the Bank of China, which ranked fourth, were 24.7 trillion yuan, and the growth rate was only 8.47%, far lower than the growth rate of several other large banks. In addition, in the indicator of bank profitability ( ROE (weighted average return on net assets), the middle line is 10.64%, which is also far lower than the other three major banks.

The Bank of China, which was left behind by the three major banks, was not without pursuers. According to the data, as of the end of September last year, the total assets of postal savings bank exceeded 11 trillion yuan for the first time, and the annual growth rate has exceeded that of the Bank of China.

A Chinese macroeconomist told Caijing that unlike several other large banks, the Bank of China has a relatively high proportion of overseas assets, so its performance is highly correlated with foreign exchange rates. In addition, the branches of Bank of China are far less than that of several other state-owned banks, and their retail business should also move forward along the advantages of internationalization, so that their personal finance can meet the global asset allocation.

Under the guidance of science and technology, BOC has its own reform logic. Liu Liange, chairman of the Bank of China, has said that the Bank of China is comprehensively promoting digital transformation. In its view, digitalization is not just an improvement in the technological capabilities of banks, but a fundamental transformation of core business.

The digital transformation path of the new leadership team of boc china and the results are highly concerned by the outside world.