RuiFeng Bank's 25-year veteran departs

Qin Xiaojun joined Shaoxing County Credit Cooperative, the predecessor of Ruifeng Bank, in 2001, and has undergone two restructuring upgrades, starting as a frontline teller and customer manager, and gaining experience in offices, branches, strategic planning, retail finance, and other positions.

Recently, Ruifeng Bank announced that due to work transfer reasons, Qin Xiaojun has applied to resign from her positions as Executive Director, Member of the Consumer Rights Protection Committee of the Board of Directors, and Vice President of the bank. After resignation, she will no longer hold any position at the bank.

Qin Xiaojun, born in April 1980, is a Chinese national, with a graduate degree, a member of the Communist Party of China, and holds the title of economist.

Ruifeng Bank is among the first batch of reforming rural commercial banks in Zhejiang Province. Its predecessor was Shaoxing County Credit Cooperative, established in 1987, which underwent two restructuring upgrades in 2005 and 2011, and officially became a rural commercial bank in 2011.

Qin Xiaojun joined Shaoxing County Credit Cooperative, the predecessor of Ruifeng Bank, in 2001, and has experienced two restructuring upgrades, starting as a frontline teller and customer manager, and gaining experience in offices, branches, strategic planning, retail finance, and other positions.

The announcement states that Qin Xiaojun has dedicated 25 years to reform and development, diligently fulfilling her duties and responsibilities, and has made positive contributions to the bank’s retail finance, corporate finance, and financial market business management and development. The bank’s board of directors expresses sincere gratitude for her contributions during her tenure.

According to the annual report, Qin Xiaojun received a total pre-tax salary of 1.4309 million yuan from Ruifeng Bank in 2025.

After Qin Xiaojun’s departure, the bank’s current senior management team consists of only four people: President Chen Gangliang, Vice Presidents Yan Guoli and Ning Yiran, and Board Secretary Zhang Guojiang.

In terms of performance, in 2025, the bank achieved operating income of 4.41B yuan, a year-on-year increase of 0.53%; net profit of 1.99B yuan, up 2.22% year-on-year; and net profit attributable to the parent company of 1.97B yuan, an increase of 2.3% year-on-year.

As of the end of last year, the bank’s total assets were 241.49B yuan, an increase of 9.52% compared to the end of the previous year; non-performing loan ratio was 0.99%, up 0.02 percentage points from the end of last year; and the provision coverage ratio was 326.51%, an increase of 5.64 percentage points from the end of last year.

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Editor: Cao Ruitong