Hangzhou Bank appoints Vice President Wang Lixiong as Chief Compliance Officer

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Transferred from: Daily Economic News

On the evening of March 23, Hangzhou Bank (SH600926, stock price, total market value) announced that the board of directors approved the appointment of Wang Lixiong as the Chief Compliance Officer of the company, with a term ending on the date of the expiration of the eighth board of directors, pending approval from the Zhejiang Regulatory Bureau of the National Financial Supervision and Administration. At the same time, the five-year strategic plan (2026-2030) was approved.

Appointment of Wang Lixiong as Chief Compliance Officer

On March 23, Hangzhou Bank convened the twenty-fifth meeting of the eighth board of directors, which approved several important proposals. The core decisions of the meeting included the approval of the “Hangzhou Bank Five-Year Strategic Plan (2026-2030),” which outlines the direction for the development over the next five years. Additionally, amendments to the working rules of various specialized committees under the board of directors, the management measures for related party transactions, the management measures for external equity investments, and the “Temporary and Exempt Information Disclosure Management Measures” were approved, while the amendments to the related party transaction management measures still need to be submitted to the shareholders’ meeting for approval.

Regarding personnel appointments, the board of directors agreed to appoint Wang Lixiong as the Chief Compliance Officer of the company, pending approval from the Zhejiang Regulatory Bureau of the National Financial Supervision and Administration. It was also agreed to add Zhao Jun as a member of the company’s eighth board of directors audit committee, with a term ending on the date of the expiration of the eighth board of directors.

Public information shows that Wang Lixiong previously served as the assistant president and vice president of the Baochu branch of Hangzhou Bank, deputy general manager of the corporate business department, deputy general manager of the credit management department, deputy general manager of the credit approval department (in charge of work), president of the Xiaoshan branch, general manager of the corporate business headquarters, general manager of the international business department, secretary of the party committee and president of the Shanghai branch, vice president of Hangzhou Bank, and chairman of the supervisory board of Hangzhou Bank.

The reporter noted that recently, both the president and vice president of Hangzhou Bank have undergone adjustments. On March 2, the Zhejiang Regulatory Bureau of the National Financial Supervision and Administration approved Zhang Jingke’s qualification for the position of president of the company; on February 25, the bureau approved Wang Lixiong’s qualification for the position of vice president of Hangzhou Bank.

Hangzhou Bank’s preliminary performance report for 2025 shows that 2025 is the final year of the bank’s 2021-2025 strategic plan (“2255” strategy). Centering on the theme of “strict governance, serving customers, and transformational development,” focusing on customer-centricity, valuing the efforts of workers, and driving reform and innovation, the bank actively responds to various risks and challenges, successfully fulfilling the main goals of the “2255” strategy, laying a solid foundation for the smooth implementation of the next five-year strategic plan.

During the reporting period, Hangzhou Bank achieved operating income of 38.799 billion yuan, a year-on-year increase of 1.09%; achieved a net profit attributable to shareholders of the listed company of 19.030 billion yuan, a year-on-year increase of 12.05%; the profit structure continued to optimize, with net interest income of 27.594 billion yuan, a year-on-year increase of 12.83%, continuing the growth trend for three consecutive quarters; the growth rate of intermediary business steadily increased, with net income from fees and commissions of 4.207 billion yuan, a year-on-year increase of 13.10%.

During the reporting period, Hangzhou Bank’s total assets reached 2.364902 trillion yuan, an increase of 11.96% compared to the end of the previous year; total loans amounted to 1.071876 trillion yuan, an increase of 14.33% compared to the end of the previous year; total deposits reached 1.440579 trillion yuan, an increase of 13.20% compared to the end of the previous year; in terms of asset quality, as of the end of 2025, Hangzhou Bank’s non-performing loan ratio was 0.76%, the same as the end of the previous year; the provision coverage ratio was 502.24%, a decrease of 39.21 percentage points compared to the end of the previous year.

More than 30 listed banks have appointed Chief Compliance Officers

Hangzhou Bank’s appointment of a Chief Compliance Officer is a proactive adjustment under regulatory policies.

In December 2024, the National Financial Supervision and Administration officially issued the “Compliance Management Measures for Financial Institutions,” which clearly requires financial institutions to establish Chief Compliance Officers at their headquarters, and this position must be held by senior management personnel, while allowing the president (general manager) or other qualified senior management personnel to concurrently serve.

The reporter noted that since 2026, more than 30 listed banks, including Ping An Bank, Industrial Bank, and Qilu Bank, have appointed Chief Compliance Officers, with most of these positions held concurrently by the president or vice president, and possessing risk control management experience.

For instance, Wu Leiming, Chief Compliance Officer of Ping An Bank, previously served as the credit approval executive officer and vice president and risk director of Ping An Bank’s Zhengzhou branch; Chen Song, Chief Compliance Officer of Xiamen Bank, previously served as a department manager in the risk management department of Industrial Bank.

Additionally, among state-owned major banks, Bank of China, Agricultural Bank of China, Bank of Communications, and China Construction Bank have all completed the appointment of Chief Compliance Officers.

Editor: Hu Yuting

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