It has been learned from multiple independent sources that Ye Xiangfeng, the President of Industrial Bank Co.,Ltd.'s Nanjing Branch, has been appointed as the Party Committee Secretary of the bank's Beijing Branch. Upon completion of the relevant appointment procedures, he will succeed Hao Chao as the President and Compliance Officer of Industrial Bank Co.,Ltd.'s Beijing Branch, taking the helm of the bank's second-largest branch.
This appointment marks the second time Ye Xiangfeng has taken over responsibilities from Hao Chao. On March 26, 2026, the board of Industrial Bank Co.,Ltd. reviewed and passed a proposal to appoint Hao Chao as a Vice President. On May 8, Hao Chao's qualification as Vice President was officially approved by the National Financial Regulatory Administration. This brings the bank's management structure to one President and six Vice Presidents. Following Hao Chao's transfer to the headquarters, the position of Beijing Branch President he left vacant has ultimately been filled by Ye Xiangfeng.
The newly appointed Vice President, Hao Chao, is a seasoned veteran at Industrial Bank Co.,Ltd., having previously served as President of the Changchun Branch, Shijiazhuang Branch, Nanjing Branch, and Beijing Branch. In 2022, Hao Chao was transferred from Nanjing to become President of the Beijing Branch. The Nanjing Branch President position he vacated at that time was also succeeded by Ye Xiangfeng. Ye Xiangfeng has also gained extensive experience within the Industrial Bank Co.,Ltd. system, having served as President of the Quanzhou Branch, Xiamen Branch, Chengdu Branch, and Nanjing Branch, accumulating rich cross-regional management experience.
A person close to Industrial Bank Co.,Ltd. revealed that the Chengdu Branch performed outstandingly under Ye Xiangfeng's leadership and has now become a "first-tier branch" within the bank's system, comparable to those in Beijing, Shanghai, Guangzhou, and Shenzhen. Another source close to the bank noted that Ye Xiangfeng excels at task decomposition and employee motivation.
It is noteworthy that Ye Xiangfeng will also concurrently serve as the Compliance Officer for Industrial Bank Co.,Ltd.'s Beijing Branch. This arrangement is not an isolated case but stems from the latest regulatory requirements. In December 2024, the National Financial Regulatory Administration issued the "Compliance Management Measures for Financial Institutions," explicitly requiring financial institutions to establish a Compliance Officer at their provincial-level branches. The measures took effect on March 1, 2025, with a one-year transition period. The regulations state that if the branch president concurrently serves as the Compliance Officer, no separate qualification approval is required.
Taking charge of the Beijing Branch places a significant responsibility on Ye Xiangfeng's shoulders. Established in January 2000, Industrial Bank Co.,Ltd.'s Beijing Branch is a core branch of the bank in the Beijing area. As of the end of 2025, the branch's assets reached 798.928 billion yuan, with 3,106 employees and 77 business outlets under its jurisdiction, making it the second-largest branch within the Industrial Bank Co.,Ltd. system, after the Shanghai Branch.
As a national hub for headquarters economy, Beijing has always been a core battleground for major commercial banks. Large state-owned banks leverage their resource advantages to dominate corporate business, while competition among joint-stock banks in retail transformation and digital transformation is intensifying. Simultaneously, under the policy tone of strong supervision and risk prevention, how to maintain business growth while strengthening compliance defenses has become a common challenge that branch-level institutional leaders must address.
Based on public information, three members of Industrial Bank Co.,Ltd.'s current leadership team have previously served as President of the Beijing Branch: President Chen Xinjian, and Vice Presidents Hao Chao and Zhang Ting.
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