Following its milestone of surpassing 2 trillion yuan in total assets, CBHB has initiated a new round of mid-level personnel changes across its head office divisions. CBHB has seen changes in leadership positions within its risk management, inclusive finance, retail credit, and capital operations center departments.
Huang Changjun, former head of the Head Office Risk Management Department, has been appointed General Manager of the Head Office Inclusive Finance Department. Huang holds a master's degree and is a certified financial risk manager. He previously worked at the head office of China Construction Bank, serving as the head of the Retail Credit Risk Measurement Division within the Risk Management Department, where he was responsible for building new control models for retail online businesses. He joined CBHB in 2021, serving successively as Deputy General Manager and then General Manager of the Head Office Risk Management Department. Since September 2022, he has also served as a non-executive director of CBHB Wealth Management. Notably, CBHB President Qu Hongzhi also previously worked at China Construction Bank and was appointed in December 2019. CBHB's current five senior executives are all market-recruited professional managers, making it the only national joint-stock bank in China to have recruited its entire senior management team through the market.
Huang Yuquan, former General Manager of the Head Office Retail Credit and Credit Card Department and concurrently General Manager of the Inclusive Finance Department, has been appointed General Manager of the Head Office Risk Management Department. He previously served as Deputy President of CBHB's Zhengzhou Branch and Deputy General Manager of the Head Office Inclusive Finance Business Department. Cao Gangfeng, President of the Hangzhou Branch, is expected to return to the head office to serve as General Manager of the Retail Credit and Credit Card Department. Cao has over 30 years of banking experience and is rich in experience in financial operations management, consumer finance, and inclusive finance. He has served successively as General Manager of the Head Office Consumer Finance Business Department, and General Manager of the Corporate Business Department and Inclusive Finance Department. He has been President of the Hangzhou Branch since January 2022.
On July 31, 2026, Yang Lu's qualifications as General Manager of CBHB's Capital Operations Center were approved. Yang previously served as Deputy General Manager of the Financial Markets Department at Tianjin Bank, and later as General Manager of both the Financial Markets Department and the Investment Banking Department. In June 2022, CBHB's Capital Operations Center was approved for operation, becoming the first specialized capital business institution of a national joint-stock commercial bank to be headquartered in Beijing. Yang Lu joined CBHB in 2024, serving as Deputy General Manager of the Capital Operations Center and concurrently General Manager of the Financial Markets Department.
CBHB's head office organizational chart (2025 annual report) shows that its front-office business departments are divided into three major lines: Corporate Banking, Financial Markets, and Retail Banking. In 2025, adjustments were made to the head office structure of all three segments: the "Technology Finance Department" was elevated to a first-level department, the "Custody Business Department" was moved from the Corporate Banking line to the Financial Markets line, the former "Wealth Management and Private Banking Department (Pension Finance Department)" was renamed "Retail Wealth Management Headquarters (Pension Finance Department)", a new "Platform Ecosystem Finance Department" was established, and the former "Online Finance Department" was dissolved. The aforementioned personnel changes at the head office also correspond to these three business lines.
In terms of inclusive finance business, CBHB adheres to the development strategy of "being genuine, focusing on small clients, and delivering quality service", embedding inclusive financial services into various production and operation scenarios for small and micro enterprises. It is accelerating the construction of digital inclusive finance by building the "Bohai Digital E-Loan" online product factory, promoting the optimization and upgrade of key products to meet the needs of small and micro clients. As of the end of 2025, CBHB's inclusive finance loan balance reached 59.068 billion yuan, an increase of 6.87% compared to the end of the previous year.
In retail credit business, CBHB places customer needs at the core, enhancing comprehensive financial service capabilities while promoting the strategic transformation of consumer finance. It is pushing the development of proprietary personal loan business towards scenario-based and digital transformation. However, affected by fluctuations in the real estate market and the tightening of internet platform loan policies, the scale of personal loans has continued to decline. As of the end of 2025, CBHB's personal loan balance stood at 204.008 billion yuan.
In capital business, CBHB closely monitors market trends and actively conducts various capital trading activities. In 2025, the bank's transaction volume for capital trading businesses including interbank lending, pledged repos, open market operations, Shanghai Clearing House netting, and general repos exceeded 15 trillion yuan. The issuance of interbank certificates of deposit reached 546.56 billion yuan, an increase of 35.89% compared to the previous year.
In terms of overall operations, in the first quarter of 2026, CBHB continued its growth trend from last year in both revenue and net profit. As of the end of the first quarter, CBHB's total assets surpassed the 2 trillion yuan mark, reaching 2.04 trillion yuan, an increase of 5.7% from the beginning of the year. From January to March this year, the bank achieved an operating income of 8.13 billion yuan, a year-on-year increase of 3%; and a net profit of 3.413 billion yuan, a year-on-year increase of 9.79%. Among this, net interest income was 4.348 billion yuan, a year-on-year increase of 4.69%. The cost-to-income ratio decreased to 27.38%, improving by 0.59 percentage points compared to the same period last year, further demonstrating the effectiveness of refined management. CBHB stated that the breakthrough in asset scale and precise credit allocation are inseparable from solid risk control and compliance safeguards. In recent years, the bank has comprehensively restructured its three lines of defense for risk control, achieving centralized credit approval, platform-based loan disbursement, and digitalized early warning. It has unified risk appetite, strengthened credit approval, and solidified the foundation for risk and compliance.
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