Postal Savings Bank of China (PSBC) has added a new member to its Party Committee! At the PSBC Digital Finance Conference held on December 10, Yang Xilin attended as a Party Committee member, having previously served as General Manager of the Financial Interbank Department. Industry sources suggest Yang may also take on the newly created role of Financial Markets Business Director, overseeing financial markets, interbank, and asset management operations.
This marks the first time PSBC has established a Financial Markets Business Director position. While the bank previously had business directors focused solely on retail operations—currently held by Liang Shidong, one of PSBC’s seven senior executives—other major state-owned banks, such as Bank of Communications (BoCom) and Industrial and Commercial Bank of China (ICBC), have long implemented specialized business director roles.
**Yang Xilin’s Career and Potential Appointment** Yang Xilin, now a Party Committee member, is reportedly set to become PSBC’s inaugural Financial Markets Business Director. With a long tenure at the bank, Yang was approved as Deputy Head of PSBC’s Shenzhen Branch in March 2010 and held the position until 2019. By 2020, he transferred to headquarters as General Manager of the Financial Interbank Department before his latest promotion.
During her early tenure leading the interbank division, Yang emphasized the need for differentiation and innovation amid industry consolidation, advocating for strategic partnerships to foster mutual growth in the financial ecosystem.
**PSBC’s Leadership and Financial Performance** PSBC’s current leadership includes Chairman Zheng Guoyu and seven senior executives: President Liu Jianjun, Vice Presidents Yao Hong (also Chief Risk Officer), Xu Xueming, Du Chunye (also Board Secretary and Joint Company Secretary), Niu Xinzhuang (also Chief Information Officer), Discipline Inspection Secretary Hu Jianpo, and Retail Business Director Liang Shidong.
As of September 2025, PSBC reported total assets of RMB 18.61 trillion, up 8.9% year-to-date. Revenue for the first nine months rose 1.82% to RMB 265.08 billion, with net profit attributable to shareholders increasing 0.98% to RMB 76.562 billion. The bank’s non-performing loan ratio stood at 0.94%, with a provision coverage ratio of 240.21%, both meeting regulatory requirements. Corporate loans grew 17.91% year-on-year, reinforcing a balanced retail-corporate "dual-engine" strategy.
**Trends Among Major Banks** While PSBC is newly adopting the Financial Markets Business Director role, other state-owned banks have long embraced similar structures. BoCom, for instance, divides responsibilities among three business directors overseeing interbank/markets, retail/private banking, and corporate/institutional sectors. Past directors include Fu Wanjun (now Deputy Director of the National Financial Regulatory Administration) and Xu Han (former Agricultural Bank of China Vice President).
ICBC introduced its Senior Business Directors in late 2020, with Song Jianhua and Tian Fenglin managing distinct divisions (retail and corporate/investment banking, respectively). Bank of China (BoC) previously assigned Zhao Rong as Business Management Director before her transition to Risk Director, leaving the role vacant.
Notably, China Construction Bank (CCB) and Agricultural Bank of China (ABC) pioneered business director roles pre-2010, though CCB’s appointments have become less visible in recent years. ABC maintains specialized directors for rural finance, risk management, and technology, among others.
Comments