From 2021 to 2024, the year-on-year growth rates of Bank of Chengdu's operating revenue and net profit attributable to shareholders have declined annually.
Due to imprudent management of loans, deposits, discounting, and bill businesses, Bank of Chengdu and its 15 branches were collectively fined 7.25 million yuan, while 13 responsible individuals were warned and fined a total of 730,000 yuan.
Just a few months ago, the leadership swap between Bank of Chengdu and Chengdu Rural Commercial Bank attracted public attention. In recent years, the bank's year-on-year growth rates for operating revenue and net profit attributable to shareholders have been declining annually, with a 2.92% year-on-year drop in operating revenue in Q3 this year. As of the end of Q3, the bank's core Tier 1 capital adequacy ratio stood at only 8.77%, lower than the average of 10.55% among A-share listed banks.
**Received Regulatory Warning Earlier This Year** The penalty notice revealed that Bank of Chengdu was fined 900,000 yuan for imprudent management of loans, deposits, discounting, and bill businesses. Additionally, 15 of its branches—including Mianyang, Meishan, Tianfu New Area, Jianyang, Chongzhou, Wenjiang, Pengzhou, Qingyang, Dujiangyan, Jinjiang, Jinniu, Dayi, Qintai, Chenghua, and Shuangliu—were collectively fined 6.35 million yuan.
Thirteen individuals, including Sun Xun, Ai Zhiwei, Yuan Yong, Yan Yongjun, Li Dan, Liu Feng, Xiang Lei, Lei Jianhua, Yang Yi, Qiu Liyuan, Jiang Ying, Fan Rui, and Yang Qiong, were warned and fined a total of 730,000 yuan.
According to Bank of Chengdu's 2025 interim report, the bank had 259 branches as of mid-2025, including 15 sub-branches, 31 directly managed branches, and 213 subordinated branches. Among the penalized branches, Chenghua Branch had the largest assets, exceeding 50 billion yuan by mid-year, with 312 employees, while Jianyang Branch had the smallest assets at 6.689 billion yuan and 39 employees.
This was not the bank's first penalty this year. In January, the Sichuan Securities Regulatory Bureau issued a warning to Bank of Chengdu due to inadequate internal controls in fund sales, unqualified sales personnel, and flawed internal assessment mechanisms.
**Leadership Swap with Chengdu Rural Commercial Bank** In August, the leadership swap between Bank of Chengdu and Chengdu Rural Commercial Bank drew significant attention.
On August 18, Bank of Chengdu announced that Huang Jianjun had been appointed as Party Secretary and nominated as Chairman, replacing Wang Hui, who stepped down from both roles. On the same day, Chengdu Rural Commercial Bank announced that Wang Hui had been appointed as its Party Secretary and nominated as Chairman, while Huang Jianjun was relieved of his positions as Party Secretary and Chairman.
Wang Hui, born in October 1967, previously served as President of Bank of Chengdu and Chairman of Sichuan Jincheng Consumer Finance Co., Ltd., a joint venture between Bank of Chengdu and Malaysia's Hong Leong Bank established in 2010. As of mid-2025, Jincheng Consumer Finance reported total assets of 16.862 billion yuan, with operating revenue of 564 million yuan and net profit of 110 million yuan in the first half of the year.
Huang Jianjun, born in November 1975, is a veteran of Bank of Chengdu, having held various roles including President of the High-Tech Zone Branch, General Manager of the Corporate Business Department, President of the Xi'an Branch, Assistant President, and Vice President. He was approved as Chairman of Chengdu Rural Commercial Bank in August 2022.
In response to investor inquiries about leadership changes and regional competitiveness, Bank of Chengdu stated it would leverage its regional advantages, integrate into major strategic projects, and deepen its focus on serving the real economy while adhering to regulatory positioning for city commercial banks.
**Q3 Revenue Decline** According to Bank of Chengdu's Q3 2025 report, operating revenue fell 2.92% year-on-year to 5.491 billion yuan, while net profit attributable to shareholders grew only 0.17% to 2.876 billion yuan.
From 2021 to 2024, the bank's year-on-year revenue growth rates were 22.54%, 13.14%, 7.22%, and 5.89%, respectively, while net profit growth rates were 29.98%, 28.24%, 16.22%, and 10.17%.
As of Q3 2025, the bank's core Tier 1 capital adequacy ratio was 8.77%, up 0.06 percentage points from year-end 2024 but below the A-share listed bank average of 10.55%. In its July 2025 rating report, China Lianhe Credit noted that retained earnings, capital bond issuances, and convertible bond conversions had supported the bank's capital levels, but rapid business growth still posed replenishment pressure.
When asked about capital adequacy plans, Bank of Chengdu emphasized its commitment to maintaining regulatory compliance and exploring capital replenishment options as needed.
Further developments regarding the bank's performance and compliance will be closely monitored.
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