This update highlights recent personnel changes at Bank of China (BOC), involving promotions of several branch presidents and vice presidents within the system.
Hu Gang, previously vice president of BOC's Liaoning Branch, has been nominated as president of Dalian Branch. Former Dalian Branch president Duan Xiaoxi has assumed the role of Jiangxi Branch president. Hu Gang's career includes serving as vice president of Shenyang Branch, general manager of Liaoning Branch's business department, Shenyang Branch president since January 2019, and Liaoning vice president since August 2020.
Zhang Jingwei has been nominated as Tianjin Branch president, replacing former Tianjin head Ma Mingjun who now leads Shenzhen Branch. Born in July 1976, Zhang previously held positions in BOC's corporate finance division, including post-loan management team leader and corporate finance department head, before serving as deputy general manager of BOC Xinda Asset Management. He became deputy general manager of BOC Asset in May 2019 and Anhui vice president in December 2021. Recently, Zhang visited China Automotive Technology Research Center in his new capacity as Tianjin Branch Party Committee secretary.
Liu Ming, Shanxi vice president, has been nominated as Poland Branch president. His previous roles include heading Huludao and Panjin branches before becoming Shanxi vice president in December 2022.
Lu Yang, Jinhua Branch president, has been nominated as Shanxi vice president. Formerly serving as Zhejiang Branch's financial institutions department general manager, Lu became Jinhua president in June 2023.
Regulators recently approved four additional vice president appointments: - On November 28, Bai Mingliang was appointed Qingdao vice president, having previously served as Shenzhen Longhua sub-branch vice president and Futian Huanggang branch president. - On November 26, Ma Yongxin became Dalian vice president, formerly Chongqing Branch's chief auditor. - On November 24, Zeng Tao was appointed Sichuan vice president, with experience as Liuyang and Yueyang branch president, and Jiangxi chief auditor. - On November 21, Li Donghai became Guizhou vice president, having served as Tianjin Binhai vice president and president, and Tianjin corporate finance department general manager.
Most promotions involved cross-regional moves. BOC emphasizes talent development through practical experience, project assignments, professional training, and job rotations. The bank is accelerating global talent development while balancing cultivation of headquarters staff, expatriates, and local personnel.
As of June 2025, BOC operates 10,279 domestic commercial banking outlets, including 38 first-tier and directly affiliated branches, 374 second-tier branches, and 9,866 grassroots outlets. First-tier branches cover 31 provincial capitals/municipalities plus seven other cities.
On November 27, BOC's 2025 fourth interim shareholders' meeting approved an interim dividend of RMB 0.1094 per share (pre-tax) for A/H shareholders registered by December 10, with payment dates set for December 11 (A-shares) and January 23, 2026 (H-shares). The RMB 35.25 billion dividend represents about 30% of H1 2025 net profit attributable to shareholders (RMB 117.591 billion).
During Q3 earnings discussions, BOC Secretary to the Board Zhuo Chengwen addressed dividend policy questions, noting the bank has distributed over RMB 940 billion in dividends since listing while maintaining a stable 30% payout ratio. He stated BOC will consider operational performance, financial conditions, shareholder returns, and development needs when determining future ratios.
Zhuo reported steady financial improvement in 2025, with Q1-Q3 revenue reaching RMB 492.1 billion (up 2.72% YoY) and net profit of RMB 189.6 billion (RMB 177.7 billion attributable to shareholders), with growth rates improving from H1. ROA stood at 0.70% and ROE at 8.98%, both within reasonable ranges. BOC aims to maintain stable operations to repay client and investor trust.
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