Leading rural commercial banks are undergoing management rejuvenation. On the evening of September 24, Jiangsu Changshu Rural Commercial Bank Co.,Ltd. announced that Cheng Pengfei's qualification for deputy president has been approved by the Suzhou Financial Regulatory Branch. Following last year's senior management adjustments, the bank's management team has been further strengthened, presenting a rare trend of rejuvenation in the industry.
1. Cheng Pengfei Promoted Internally With the approval from the Suzhou Financial Regulatory Branch, Cheng Pengfei has been formally authorized to serve as deputy president of Jiangsu Changshu Rural Commercial Bank Co.,Ltd. This means that after former deputy president Wu Tiejun resigned last year, the bank's executive team has been replenished, with its management structure becoming more complete.
According to records, Cheng Pengfei has worked at Jiangsu Changshu Rural Commercial Bank Co.,Ltd. for an extended period. Born in July 1979, he joined the bank immediately after university graduation, starting as a frontline teller and working his way up to the senior management team. During this period, Cheng Pengfei gained experience across multiple departments including the business development department and bank card department, accumulating extensive management experience in funding and trading operations. His promotion to deputy president represents the natural result of long-term accumulation and steady advancement.
2. Clear Trend Toward Management Rejuvenation Jiangsu Changshu Rural Commercial Bank Co.,Ltd.'s management has undergone a series of significant adjustments over the past two years. In July 2024, the bank announced that the qualifications of new chairman Xue Wen and president Bao Jian had been approved, completing a crucial management transition. Xue Wen was born in 1974, while Bao Jian belongs to the post-80s generation. With Cheng Pengfei's addition, the bank's deputy president team now includes another member from the 70s generation, further highlighting the trend toward rejuvenation and diversification.
Currently, Jiangsu Changshu Rural Commercial Bank Co.,Ltd.'s new management team has been substantially established, presenting a relatively complete and stable structure.
3. Steady Performance Growth Beyond personnel adjustments, Jiangsu Changshu Rural Commercial Bank Co.,Ltd.'s operational performance also deserves attention. According to the 2025 interim report, as of the end of June, the bank achieved operating revenue of 6.062 billion yuan in the first half, representing a year-on-year increase of 10.1%; net profit attributable to shareholders reached 1.969 billion yuan, up 13.51% year-on-year. In the highly competitive regional banking environment, such performance is commendable.
With the formal approval of his qualification, Cheng Pengfei will fully participate in Jiangsu Changshu Rural Commercial Bank Co.,Ltd.'s future development strategy and business management. For the bank, this represents an important step in further improving governance structure and optimizing the management team. Combined with steady performance growth and management team renewal, Jiangsu Changshu Rural Commercial Bank Co.,Ltd.'s future development trajectory will continue to attract market attention.
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