Recently, Hua Xia Bank Co.,Limited announced that Yang Hong has resigned from his position as the bank's Chief Compliance Officer for work-related reasons, effective May 26, 2026. The announcement indicates that Yang Hong will continue to serve as the President of Hua Xia Bank's Hong Kong Branch.
It is understood that the successor for the new Chief Compliance Officer has been determined, with the appointment coming from a key branch president. This adjustment is accompanied by changes involving several other first-tier branch presidents.
Yang Hong, born in December 1967, holds a master's degree. His previous roles at Hua Xia Bank include Deputy General Manager of the International Business Department, Deputy General Manager and General Manager of the International Business Management Department, Deputy Director and Director of the Internationalization Transformation Office, Chief Administrative Officer and Executive Vice President of the Credit Card Center, President of the Guiyang Branch, General Manager of the Trade Finance Department, and President of the Credit Card Center.
In January 2025, Yang Hong assumed the role of Chief Compliance Officer at Hua Xia Bank. He was the banking industry's first dedicated Chief Compliance Officer approved following the implementation of the "Financial Institution Compliance Management Measures." His total pre-tax compensation for 2025 was RMB 2.2186 million.
The Hong Kong Branch, which Yang Hong is now leading, is Hua Xia Bank's first overseas branch. It officially commenced operations on January 2, 2020, marking a crucial step for the bank into international financial markets. As of 2025, the Hong Kong Branch reported assets of RMB 117.931 billion and employed 165 staff. In 2025, Hua Xia Bank actively integrated the dual resources of the Hong Kong Branch as a "bridgehead" and domestic branches as "home bases," promoting the "going global" strategy for high-quality clients and facilitating cross-border direct financing for enterprises. Yang Hong, with his extensive international business experience, is expected to further assist the Hong Kong Branch in expanding its market presence in the Greater Bay Area.
Chen Hao, the former President of the Hong Kong Branch, is slated to become the head of Hua Xia Bank's International Preparatory Group. His career includes serving as Deputy President of the Guangzhou Branch, Deputy General Manager of the SME Credit Department at the head office, and General Manager of the Micro-enterprise Finance Department. He has been the President of the Hong Kong Branch since August 2018.
Regarding its international business, Hua Xia Bank stated in its annual report that it will intensify efforts in cross-border business expansion in 2026. The focus will be on supporting branches in the Shanghai Free Trade Zone, Shenzhen, and other regions with active foreign trade to develop cross-border financial services, thereby advancing the growth of cross-border finance. The bank will also strengthen the construction and management of overseas institutions, actively prepare for establishing new overseas offices, build a management and control system for overseas operations, and promote the sustainable and healthy development of overseas branches.
Following Yang Hong's transfer to Hong Kong, it has been learned that Yan Jiongzhi, the former President of the Hangzhou Branch, is expected to succeed him as Chief Compliance Officer. The appointment is currently undergoing relevant procedures.
Yan Jiongzhi previously served as General Manager of the Credit Granting Management Center and General Manager of the Credit Operation Department at Hua Xia Bank. He has been the President of the Hangzhou Branch since March 2019.
Xu Haoguang, the former President of the Taiyuan Branch, has been appointed as the President of the Hangzhou Branch.
Xu Haoguang is a veteran at Hua Xia Bank, having worked in the Beijing Branch and the head office's Internationalization Office. Since July 2011, he has held positions including Manager of the International Cooperation Office in the Development Research Department and Manager of the Risk Management Office in the Asset Custody Department. In April 2016, he was appointed Deputy General Manager of the Asset Custody Department. He served as Deputy President of the Hangzhou Branch from January 2020 and became President of the Taiyuan Branch in March 2022. Following this recent adjustment, he returns to a role in Hangzhou.
As of the end of 2025, the Hangzhou Branch reported assets of RMB 262.852 billion, making it the third-largest branch of Hua Xia Bank, behind only Beijing and Nanjing. It oversees 58 sub-branches and employs 1,645 staff.
Liu Kunlin, the former President of the Shaoxing Branch, has been appointed as the President of the Taiyuan Branch.
Liu Kunlin previously served as Deputy President and Discipline Inspection Secretary of the Wuxi Branch, and Deputy President of the Hangzhou Branch. He became President of the Shaoxing Branch in March 2024. As of the end of 2025, the Shaoxing Branch reported assets of RMB 43.885 billion. In April of this year, Hua Xia Bank's board of directors reviewed and passed the "Proposal on Adjusting the Institutional Tier of the Shaoxing Branch." It is reported that the Shaoxing Branch has been downgraded to a second-tier branch.
Tong Yong, the Discipline Inspection Secretary and Deputy President of the Xi'an Branch, has been appointed as the Chief Strategy Officer of the Hong Kong Branch. He has served as Deputy President of the Xi'an Branch since May 2025.
The above branch information is from Hua Xia Bank's 2025 annual report.
As of the end of 2025, Hua Xia Bank had established 43 first-tier branches, 79 second-tier branches, and 7 non-local sub-branches within China, totaling 943 business outlets, a decrease of 20 from the end of the previous year.
Currently, it has become an industry norm for the bank's president or a vice president to concurrently serve as the Chief Compliance Officer. Hua Xia Bank is one of the few banks in the industry that employs a dedicated Chief Compliance Officer. However, the bank still faces significant challenges in internal control and compliance.
Within the past two months, Hua Xia Bank branches have received three fines, each exceeding one million yuan.
On May 22, Hua Xia Bank's Ningbo Branch was fined RMB 1.3 million for issues including inadequate management of credit granting business, imprudent management of trade financing, insufficient employee behavior management, and inadequate management of agency sales business. On May 13, the Lishui Branch was fined RMB 950,000 for problems such as inadequate management of working capital loans. On April 30, the Wuhan Branch was fined RMB 1.65 million for "insufficient pre-lending investigation and post-lending management of working capital loans, inaccurate risk classification, etc." On April 14, the Hangzhou Branch was fined RMB 1.05 million for "failing to accurately reflect asset quality, as well as imprudent loan management and issuing loans for purposes that do not reflect the true use of funds."
In response, Hua Xia Bank stated that it is strengthening compliance management. The bank has established a team of compliance officers covering the head office, branches, and subsidiaries, becoming the first financial institution in the banking industry to systematically establish such a team. The bank is reinforcing accountability management, advancing digital transformation in compliance, and continuously improving its full-process internal control and compliance management mechanisms.
Comments