Financial front-line news on September 10: The Standing Committee of the Nanjing Municipal People's Congress issued a public notice on September 9, confirming that Hu Shengrong, a deputy to the city's 17th People's Congress, had submitted his resignation from the representative position. In accordance with the relevant provisions of the Electoral Law, Hu Shengrong's qualification as a people's congress representative was thereby terminated.
Hu Shengrong, a male of Han ethnicity born in May 1963, hails from Nanjing, Jiangsu Province, and holds a bachelor's degree with the professional title of economist. His career highlights include serving as Party Secretary and Chairman of the Board of Bank Of Nanjing Co.,Ltd. (SHA: 601009), as well as Deputy Director of the Financial and Economic Affairs Committee of the Nanjing Municipal People's Congress.
Hu's professional journey began as a clerk in the credit department of the People's Bank of China (PBC) Jiangpu County Branch. He subsequently held various positions, including Deputy Section Chief at the Industrial and Commercial Bank of China's Jiangpu County branch, before being promoted to head the PBC's Jiangpu County branch. Following the year 2000, he took on roles as Deputy Director of the PBC's Nanjing Branch operations department and later as Director of the Nanjing Municipal Financial Affairs Office.
In June 2013, Hu assumed the position of President at Bank Of Nanjing Co.,Ltd., and was elevated to Chairman of the Board in June 2017. By June 2022, he temporarily resumed presidential duties. Due to age considerations, he stepped down as the bank's Party Secretary in December 2023 and transitioned to a new role at the end of that month. In February 2024, he formally relinquished his positions as the bank's legal representative and Chairman of the Board.
Where to commence: Hu's diverse career path also includes roles as Deputy Section Chief, Section Chief, and Vice President at the ICBC Jiangpu County branch, along with several positions at the PBC's Nanjing Branch, spanning from Deputy Division Chief to Division Chief and Deputy Director, as well as a member of its Party Committee. He further served as Deputy Director and then Director of the Nanjing Municipal Financial Affairs Office, including as the office's Party Secretary.
In a pivotal transition on June 29, 2022, Bank Of Nanjing Co.,Ltd. announced that President Lin Jingshen had resigned for a new assignment, with Chairman Hu Shengrong temporarily executing the president's duties. On December 14, 2023, he ceased serving as Party Secretary due to age. From December 2023 to October 2025, he held the role of Deputy Director of the Financial and Economic Affairs Committee of the Nanjing Municipal People's Congress.
Official appointments and dismissals: On the morning of December 14, 2023, Bank Of Nanjing Co.,Ltd. convened a cadre meeting where, per a decision by the Nanjing Municipal Committee, Hu Shengrong was relieved of his Party Secretary duties due to age. A subsequent session of the Standing Committee of the 17th Nanjing Municipal People's Congress on December 28, 2023, formally appointed him as Deputy Director of the Financial and Economic Affairs Committee. In February 2024, business registrations confirmed that Hu had stepped down as legal representative and Chairman of Bank Of Nanjing Co.,Ltd. Finally, on October 30, 2025, the 21st session of the Standing Committee of the 17th Nanjing Municipal People's Congress voted to remove Hu Shengrong from his post as Deputy Director of the Financial and Economic Affairs Committee.
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