After a one-year wait, Cheng Pengfei's qualification as deputy president of Changshu Bank has been approved. Recently, Jiangsu Changshu Rural Commercial Bank Co.,Ltd. (601128.SH) announced that the company received the "Reply from Suzhou Financial Regulatory Bureau Regarding Cheng Pengfei's Qualification as Deputy President of Changshu Rural Commercial Bank," approving Cheng Pengfei's qualification as deputy president.
According to reports, Cheng Pengfei is an executive who grew from a teller position at Changshu Bank and subsequently served in the Capital Operations Center for an extended period. At the end of July 2024, Changshu Bank's board of directors appointed Cheng Pengfei as deputy president. His public resume shows that Cheng Pengfei was born in July 1979, is currently 46 years old, and holds a bachelor's degree and master's degree.
Over the years, Cheng Pengfei has served in various positions at Changshu Bank, including teller at Zhaoshi Branch, clerk in Business Development Department, Bank Card Department, Business Development Department, and Capital Department, assistant general manager of Capital Department and Financial Markets Department, deputy general manager of Financial Markets Department, deputy general manager and general manager of Asset Management Department, vice president of Capital Operations Center and general manager of Transaction Banking Department, and vice president of Capital Operations Center and general manager of Transaction Banking Department as well as president of Dayi Branch. He later served as party committee member and president of Capital Operations Center and general manager of Transaction Banking Department.
Notably, Changshu Bank stated in its financial reports that the company's management adheres to both heritage and innovation, with core executives including the chairman and president all rising from grassroots positions. Having worked in agricultural and small micro-finance sectors for many years, they maintain their original commitment to "supporting agriculture and small businesses" and adhere to a governance culture of "innovation, prudence, and compliance," ensuring strategic consistency and continuity. The company's management team is young, with an average age of 47. The company has a young and dynamic workforce of over 7,400 employees, with 90% holding bachelor's degrees or above, and employees under 30 accounting for more than one-third of the total.
In July 2024, the qualifications of Changshu Bank's chairman and president were approved, both of whom also rose from grassroots positions. Chairman Xue Wen was born in March 1974 and holds a bachelor's degree and master's degree. He previously served as clerk at Changshu Xieqiao Credit Cooperative, clerk at Changshu Bank's Xieqiao Branch, assistant president and deputy president (presiding over work) at Xieqiao Branch and Development Zone Branch, president of Xieqiao Branch, president of Investment Promotion Branch, deputy president of Lianyungang Dongfang Rural Commercial Bank, and party committee member, deputy president, and CFO of the bank, and later party committee deputy secretary and president.
President Bao Jian was born in October 1981 and holds a bachelor's degree. He previously served as teller, credit clerk, and account manager at Changshu Bank's Renyang Branch, clerk in Business Development Department, Office, and Corporate Banking Department, clerk and assistant general manager at Small Loan Center, assistant general manager and deputy general manager of Investment Banking and Interbank Department at Bank of Nanjing Suzhou Branch, general manager of Investment Banking Department, Bill Business Department, and Interbank Finance Department at the bank, president of Corporate Banking Headquarters, party committee member and deputy president, and party committee member and deputy president of Jiangnan Rural Commercial Bank.
As of the end of June 2024, Changshu Bank's total assets reached 401.227 billion yuan, an increase of 9.45% from the beginning of the year. In the first half of the year, the bank achieved operating revenue of 6.062 billion yuan, a year-on-year increase of 10.10%, and net profit attributable to shareholders of 1.969 billion yuan, a year-on-year increase of 13.51%. The non-performing loan ratio was 0.76%, down 0.01 percentage points from the beginning of the year, while the provision coverage ratio was 489.53%, down 10.98 percentage points from the beginning of the year. On September 8, Changshu Bank completed its interim dividend distribution for 2025, distributing cash dividends of 0.15 yuan per share (including tax) based on a total share capital of 3.317 billion shares before the plan implementation, totaling 497 million yuan in cash dividends.
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