CITIC Bank has announced its agreement to appoint Lyu Tiangui as its President. His official tenure will commence upon approval by the regulatory authorities, lasting for a term of three years, with eligibility for reappointment.
On the evening of May 20, CITIC Bank released a board meeting resolution announcement, stating the agreement to appoint Lyu Tiangui as President. His official appointment will take effect from the date the regulatory authorities approve his qualification for the presidency. The term is set for three years, and he is eligible for reappointment.
Lyu Tiangui possesses an extensive professional background, having worked at CITIC Bank for over 20 years. On March 10, 2025, he resigned from his position as Vice President of CITIC Bank due to work adjustments. Subsequently, he assumed the role of Chairman at CITIC Trust.
Also in early 2025, then Chairman of CITIC Trust, Lu Wei, was transferred to serve as President of CITIC Bank. In December 2025, Lu Wei resigned from his position as President of CITIC Bank and took up the role of Deputy General Manager at China Post Group. In March 2026, the National Financial Regulatory Administration approved Lu Wei's qualifications to serve as President and Director of Postal Savings Bank of China.
Public information shows that Lyu Tiangui was born in October 1972. He graduated from Sichuan University with a major in Business Administration, holding a Master's degree in Business Administration. In 1993, he worked at Bank of China's Jilin Branch; he joined CITIC Bank in 2003, where he held various positions including Deputy General Manager of the Finance Department at the Credit Card Center and General Manager of the Operations Department.
From November 2014 to January 2019, Lyu Tiangui served as President of CITIC Bank's Credit Card Center. Starting in September 2017, he concurrently held the positions of General Manager of the Retail Banking Department and Private Banking Department. In August 2018, he was promoted to Business Director of CITIC Bank. Beginning in October 2020, he served as a member of the Party Committee of CITIC Bank. In April 2021, he officially assumed the role of Vice President of CITIC Bank, overseeing retail banking, technology, operations, and other sectors, while also serving as Chairman of CITIC Baixin Bank.
On May 20, CITIC Bank also announced that the board agreed to appoint Mr. Shen Qiang as Vice President. His official appointment will take effect from the date the regulatory authorities approve his qualification for the vice presidency. The term and compensation will be implemented in accordance with the bank's relevant regulations.
Shen Qiang is two years younger than Lyu Tiangui, born in March 1974. He holds a Doctorate in Management from the University of Chinese Academy of Sciences. Currently, he is a member of the Party Committee of CITIC Bank and concurrently serves as Director and Chief Executive Officer of CITIC Bank International Limited, a member of the 19th Council of the Hong Kong Chinese Enterprises Association, and Vice President of the Hong Kong Institute of Bankers. He previously held positions including Assistant General Manager-level at the Head Office Board of Directors and Supervisory Board Office, member of the Party Committee and Deputy General Manager of the Head Office Business Department, Deputy General Manager (acting in charge) and General Manager of the Head Office Investment Banking Department, Director of the Head Office Party Committee Office and General Office, Secretary of the Party Committee and President of the Chengdu Branch, and General Manager of the Head Office Credit Execution Department. He also previously served as a Director of CITIC Bank (Hong Kong) Investment Limited.
According to the first-quarter report of 2026, CITIC Bank's total assets amounted to 10.24 trillion yuan, an increase of 1.09% from the end of the previous year. Total loans and advances were approximately 6 trillion yuan, up by 2.34%. Net profit attributable to the bank's shareholders reached 20.098 billion yuan, a year-on-year increase of 3.02%. Operating income was 54.649 billion yuan, up by 5.23% year-on-year, of which net interest income was 36.270 billion yuan, an increase of 1.66%. The net interest margin for the first quarter was 1.61%, showing a stabilizing trend. Non-interest net income was 18.379 billion yuan, a year-on-year increase of 13.07%.
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