On the evening of November 17, CZBANK announced that Comrade Chen Haiqiang has been nominated as the company's Chairman and appointed as the Party Committee Secretary. The board will complete the election process for the Chairman position in accordance with legal procedures as soon as possible.
In July this year, following the resignation of the former Chairman, Chen Haiqiang, Executive Director and President of CZBANK, temporarily assumed the Chairman's responsibilities.
Chen Haiqiang, born in October 1974 in Ninghai, Zhejiang, holds a master's degree and is a senior economist. He began his banking career in 1995, working at Industrial and Commercial Bank of China and China Investment Bank. In December 1998, he served as Deputy Section Chief at the Zhejiang Branch of China Development Bank. He joined China Merchants Bank in 2002, holding various positions including Deputy Director (acting in charge) of Ningbo Beilun Sub-branch, President of Ningbo Beilun Branch, Party Committee Member, Assistant President, and Vice President of Ningbo Branch.
In March 2015, Chen joined CZBANK, serving successively as Party Committee Secretary and President of Ningbo Branch, Party Committee Secretary and President of Hangzhou Branch, Assistant President in May 2018, Vice President in July 2020, and Executive Director in June 2021. On April 2, 2025, he was appointed Deputy Party Committee Secretary of CZBANK and officially became President on July 8.
The promotion of a new leader from within the bank is expected to ensure strategic stability. Under the leadership of the new Party Committee, CZBANK will focus on serving the real economy, strengthening comprehensive risk management, and steadily advancing high-quality development.
Since 2025, CZBANK has implemented three key operational adjustments based on long-term principles: abandoning the "scale obsession" in favor of "quality first, moderate scale," shifting asset structure toward "low risk, balanced returns," and transitioning from pursuing "single returns" to "scenario-based comprehensive returns."
According to the third-quarter report, as of the end of September, CZBANK's total assets reached RMB 3.39 trillion, up 1.91% from the end of the previous year. During the reporting period, the bank achieved operating income of RMB 48.931 billion and net profit attributable to shareholders of RMB 11.668 billion. Asset quality improved, with the non-performing loan ratio at 1.36%, down 0.02 percentage points from the end of the previous year.
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