On March 30, CZBANK released its 2025 annual report. Chairman Chen Haiqiang stated in his address that the bank will consistently pursue its vision of becoming a "first-class commercial bank." It will adhere to strengthening Party leadership as the fundamental guarantee, deepening roots in Zhejiang and serving the real economy as the focal point, reform, innovation, and improved governance as the basic path, and risk prevention and secure development as the bottom line. The bank is committed to building its foundation on sound management, excellent service, technological advancement, and strong talent, positioning itself as a steadfast long-term player. It aims to play a better strategic supporting role in serving the modern industrial system and building a strong financial sector, making significant contributions to advancing Chinese modernization.
The year 2025 marks the conclusion of both the national 14th Five-Year Plan and CZBANK's own fifth five-year plan. Facing a complex domestic and international environment, CZBANK thoroughly implemented the decisions and deployments of the Party Central Committee and the State Council. Under the strong leadership of the Zhejiang Provincial Party Committee and Government, and anchored to its "first-class commercial bank" vision, the bank united in purpose, maintained a firm direction, and forged ahead courageously, sustaining positive development momentum. The group's total assets reached 3.48 trillion yuan, an increase of 1.43 trillion yuan over five years, representing 70% growth. Total deposits surpassed 2 trillion yuan, rising by 700 billion yuan over five years, a 52% increase. Total loans reached 1.9 trillion yuan, also increasing by 700 billion yuan over five years, marking 60% growth. Operating revenue successively crossed the 50 billion yuan and 60 billion yuan thresholds, solidifying the foundation for high-quality development.
Looking back over the past year, characterized by a volatile macroeconomic environment, industry cycle pressures, and unprecedented operational challenges, CZBANK accurately assessed changes, adapted scientifically, and proactively sought transformation. It won key battles one after another, achieving hard-won significant results.
During the year, the bank consolidated its foundations towards "stability," presenting a new development atmosphere. It earnestly carried out educational activities on the central Party leadership's eight-point decision on improving work style and a thematic activity focusing on discipline and rigor. The bank deepened the construction of an organizational ecology based on the principles of integrity, simplicity, professionalism, collaboration, and probity, embedding a culture oriented towards integrity, strictness, and practicality. Maintaining strategic focus, it established correct operational, performance, and risk outlooks, practicing the action guidelines of stability, progress, innovation, reform, and excellence, actively shaping a new image of prudence, robustness, controlled resilience, professional focus, and quiet diligence.
The bank pursued "substantive" progress, with overall operating performance meeting expectations. It persisted in serving the real economy, deeply implementing key strategic priorities. Half of the new loans were directed towards scientific and technological innovation, green development, and inclusive finance. Significant achievements were made in expanding the customer base. Business lines including financial markets, bills, financial institutions, investment banking, and international business maintained competitiveness among peers. Zheshan Financial Leasing demonstrated sound operational momentum. Zheshang Wealth Management commenced operations and delivered a strong initial performance. Despite severe internal and external challenges, the bank achieved an operating revenue of 62.514 billion yuan and a net profit attributable to the parent company's shareholders of 12.931 billion yuan in 2025. The non-performing loan ratio stood at 1.36%, with all key operating indicators generally meeting expectations, demonstrating strong developmental resilience.
The bank deepened its roots in Zhejiang, effectively serving the broader strategic context. It fully launched a new round of the "Deepening Roots in Zhejiang" initiative, thoroughly executing its mission to serve Zhejiang, serve Zhejiang businesses, and serve the people of Zhejiang, with the "three doubling" targets steadily progressing. Aligned with provincial government decisions, the bank provided nearly 1.2 trillion yuan in total financing services to the province. Two-thirds of the year's new credit was allocated within Zhejiang. Deposits within the province exceeded 630 billion yuan, ranking first among 12 national joint-stock banks. Underwriting volumes for non-financial corporate bonds and local government bonds continued to lead peers. Cooperation with governments at all levels saw significant improvements in coverage, depth, and influence. The bank was awarded the first prize for comprehensive evaluation of supporting Zhejiang's economic and social development for the tenth consecutive year.
The bank accumulated strength for the "long-term," continuously deepening reforms and innovation. It commenced the formulation of its sixth five-year plan, systematically planning the next phase of development, adhering to a consistent blueprint with persistent effort. Focusing inward, it comprehensively identified issues, building a "strong headquarters" as the main engine. It established a management system characterized by standardization, refinement, empowerment, systematization, and scientific approach, creating a headquarters that balances leadership, empowerment, and control. The bank further enhanced corporate governance and internal control systems, embedding compliance reviews and management audits into operational decision-making processes. It established off-site monitoring platforms for three key areas to improve control effectiveness. It strengthened AI application capabilities, accelerated the "Core Strengthening" initiative, advanced a three-year data governance action plan, and actively embraced new opportunities from the technological revolution.
The bank fostered unity "from the heart," building a shared community of destiny. It championed the value of prioritizing dedicated strivers, inspiring the entire bank with stories of "CZBANK's Light Chasers." It cultivated a positive atmosphere where employees feel at home and take pride in the bank, uniting hearts, efforts, and strengths. It deeply pursued becoming "a bank liked by young people" and "an advocate and practitioner of a happy life," hosting the "818 CZBANK Culture Week," and allowing the "Scholarly CZBANK" ethos to permeate every corner. It established a cadre and talent system primarily based on internal cultivation, strengthened leadership development, and improved mechanisms for nurturing young and professional talent, enhancing the bank's overall cohesion and capability.
Looking ahead to the 16th Five-Year Plan period, the impact of external environmental changes will continue to intensify. Major power relations will influence the international situation, whose evolution will profoundly affect domestic development. China's development is in a period where strategic opportunities coexist with risks and challenges, and uncertainties and unforeseen factors are increasing. CZBANK's new leadership team will unite and lead all cadres and employees to resolutely implement the decisions and deployments of the Provincial Party Committee and Government. Adhering to the principles of commercial banking, the bank will maintain strategic focus, adeptly manage change, and strengthen confidence in success. It will consolidate and expand advantages, break through bottlenecks, and address weaknesses. Through hard work, unity, and relentless effort, it will gain strategic initiative in market competition, using the certainty of its own high-quality development to counter external uncertainties, and strive to open a new chapter in high-quality development with a fresh spirit and actions. The bank will remain anchored to its vision of a "first-class commercial bank," insisting on strengthening Party leadership as the fundamental guarantee, deepening roots in Zhejiang and serving the real economy as the focal point, reform, innovation, and improved governance as the basic path, and risk prevention and secure development as the bottom line. It is committed to building its foundation on sound management, excellent service, technological advancement, and strong talent, positioning itself as a steadfast long-term player. It aims to play a better strategic supporting role in serving the modern industrial system and building a strong financial sector, making significant contributions to advancing Chinese modernization.
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