This period highlights further mid-level personnel changes at Industrial Bank Co., Ltd., involving multiple deputy heads of headquarters departments and deputy presidents of tier-1 branches.
Zou Yabin, Deputy President of Industrial Bank’s Hong Kong Branch, is set to become Vice President of Xingyin Wealth Management. Previously, Zou served as Joint Risk Director and Assistant President at the Hong Kong Branch, the bank’s first overseas institution. As of June 2025, the Hong Kong Branch reported total assets of RMB 243.037 billion.
Xingyin Wealth Management has seen multiple executive adjustments in 2025. Its current leadership includes President Wang Shengming, Vice Presidents Zhang Shanshan and Hu Hongbo, Assistant President He Yi, and Chief Compliance Officer Shi Liu. By June 2025, Xingyin managed product assets totaling RMB 2,315.577 trillion, securing its position as the second-largest player in the market. By September, it had generated over RMB 450 billion in investment returns for clients and served more than 31 million customers.
On December 11, President Wang Shengming emphasized in a signed article that fintech will be prioritized in business development, leveraging diversified tools, professional risk controls, and systematic products to channel financial resources toward innovation. For instance, Xingyin’s three products successfully participated in the IPO allocation of Moore Threads, the "first domestic GPU stock" recently listed on the STAR Market, making it one of the few wealth management firms to secure shares.
Other key appointments include: - Kang Lirong, Deputy Head of the Headquarters’ Credit Approval Department, is nominated as Deputy President of Xiamen Branch. Kang previously served as President of Ganzhou Branch and Assistant/Deputy President of Changsha Branch before transferring to headquarters earlier this year. - Yang Jie, Deputy Head of the Data Management Department, is slated for Deputy President of Quanzhou Branch, having previously been Assistant General Manager of the same department. - Fang Xiangdong, Deputy Head of the Administrative Logistics Department, assumes the role of Shanghai Branch Inspector. - Che Chenming, Deputy President of Yinchuan Branch, is nominated for Deputy President of Lanzhou Branch. Che was formerly Assistant President of Putian Branch and took his current role in November 2024.
Recent approvals for tier-1 branch executives include: - Zhou Xin as Assistant President of Dalian Branch (ex-Director of Headquarters’ Planning & Finance Department). - Zhang Nan as Assistant President of Beijing Branch (former head of Beijing Financial Street and Haidian sub-branches). - Liu Hong as President of Jinan Branch (previously Assistant/Deputy President of Changchun Branch and President of Lhasa Branch before becoming General Manager of the Institutional Business Department in 2023). - Ren Bo as Deputy President of Jinan Branch (ex-President of Dongying Branch and Assistant President/General Manager of Jinan Division, later Assistant/Deputy Head of Investment Banking & Financial Markets Risk Management).
The reshuffle spans headquarters departments, tier-1 branches, and subsidiaries. Industrial Bank’s annual report underscores its commitment to rejuvenating leadership through cross-regional, cross-functional rotations to accelerate career growth. The bank adopts dual-track career paths (management and specialist) with tailored development plans to foster innovation.
As of June 2025, Industrial Bank operates 45 tier-1 branches (including Hong Kong) with 2,098 outlets and 68,272 employees.
Amid the 2025 interim dividend season, state-owned banks have announced payouts exceeding RMB 200 billion collectively, maintaining a 30% net profit distribution ratio. Industrial Bank introduced its first interim dividend of RMB 11.957 billion (30.02% of H1 net profit), continuing its 15-year trend of rising payout ratios. In 2024, its ratio hit a record 30.73% (RMB 22.4 billion), ranking second among joint-stock banks.
At the Q3 earnings briefing, President Chen Xinjian stated that interim dividends align with policy guidance and signal value. He highlighted bank stocks’ appeal as low-volatility, high-yield "bond-like" assets for institutional and retail investors seeking stability. The 2026 shareholder meeting will vote on the profit distribution plan, with payouts expedited post-approval.
Comments