Since December 2025, the appointment of Chief Compliance Officers at domestic banks has notably accelerated, with the role frequently being assumed by existing senior executives on a concurrent basis.
Among joint-stock banks, the Chief Compliance Officer at Industrial Bank Co.,Ltd. is concurrently held by Vice President Sun Xiongpeng; at China Minsheng Bank, it is held by Vice President Huang Hongri; and at Ping An Bank, it is held by Assistant President and Chief Risk Officer Wu Leiming.
This series of actions stems from regulatory policy guidance. The "Measures for the Compliance Management of Financial Institutions," which officially took effect in March 2025 with a one-year transition period, is now nearing its end. The measures explicitly require financial institutions to establish a Chief Compliance Officer at their headquarters and, in principle, appoint Compliance Officers at provincial-level branches or primary branches. These roles can be established separately based on the institution's operational circumstances or held concurrently by senior executives.
Specifically, no separate qualification approval is required if the Chief Compliance Officer role is concurrently held by the institution's President, or if the Compliance Officer role at a provincial-level or primary branch is concurrently held by the branch president. For example, the Chief Compliance Officers at Bank of Nanjing, Bank of Jiangsu, and Jiangyin Bank are all concurrently held by their respective Presidents.
It has been learned that the Compliance Officers for seven primary branches of Industrial Bank have been appointed, all concurrently held by the branch presidents.
Beijing Branch President Hao Chao concurrently serves as the Beijing Branch Compliance Officer; he previously held positions as Vice President of the Jinan Branch, President of the Changchun Branch, President of the Shijiazhuang Branch, and President of the Nanjing Branch at Industrial Bank, before assuming the role of Beijing Branch President in 2022.
Shanghai Branch President Ke Kai concurrently serves as the Shanghai Branch Compliance Officer; he formerly served as General Manager of the Corporate Banking Business Management Department and General Manager of the Human Resources Department at Industrial Bank, and was appointed Shanghai Branch President in May 2024.
Nanjing Branch President Ye Xiangfeng concurrently serves as the Nanjing Branch Compliance Officer; he previously served as President of the Quanzhou Branch, President of the Xiamen Branch, and President of the Chengdu Branch at Industrial Bank, before being appointed Nanjing Branch President in 2022.
Hangzhou Branch President Yu Yuhui concurrently serves as the Hangzhou Branch Compliance Officer; he previously served as President of the Urumqi Branch and President of the Jinan Branch at Industrial Bank, and was appointed Hangzhou Branch President in 2023.
Guangzhou Branch President Jiao Xiaoming concurrently serves as the Guangzhou Branch Compliance Officer; he previously served as President of the Taiyuan Branch at Industrial Bank.
Shenzhen Branch President Zhang Weiguo concurrently serves as the Shenzhen Branch Compliance Officer; he previously served as Vice President of the Shenzhen Branch at Industrial Bank, was appointed President of the Shijiazhuang Branch in March 2019, and returned to the Shenzhen Branch as President in 2024.
Jinan Branch President Liu Hong concurrently serves as the Jinan Branch Compliance Officer; he previously served as Assistant President and Vice President of the Changchun Branch, President of the Lhasa Branch at Industrial Bank, was appointed General Manager of the Institutional Business Department at the headquarters in 2023, and became Jinan Branch President in November 2025.
In terms of scale, the aforementioned branches are all among the top performers at Industrial Bank. Prioritizing the establishment of Compliance Officer roles in these key branches is a significant move by the bank to strengthen compliance management, prevent financial risks, and enhance governance efficiency.
On the other hand, against the backdrop of continuously strengthening financial regulation, banks need to proactively integrate compliance management into the entire business process. By having branch presidents concurrently serve as Compliance Officers, Industrial Bank can better coordinate the relationship between compliance management and business development, avoid a disconnect between compliance and operations, reduce institutional磨合 costs, and improve the effectiveness of compliance management.
Additionally, it has been learned that Industrial Bank's Hong Kong Branch has promoted two Assistant Presidents.
Zhou Lusen was appointed Assistant President of the Hong Kong Branch and concurrently serves as Head of the Foreign Exchange and Derivatives Department at the Headquarters Funds Operation Center.
Li Zhongshun was appointed Assistant President of the Hong Kong Branch; he previously served as General Manager of the Trade Finance Department and Corporate Business Department at Industrial Bank's Hong Kong Branch.
Information on the aforementioned branches of Industrial Bank (2025 Interim Report)
As of the end of June 2025, Industrial Bank had 45 primary branches (including the Hong Kong Branch), 2,098 business outlets, and 68,272 employees.
On January 21, Industrial Bank released its 2025 performance快报, with its scale exceeding 11 trillion yuan. As of the end of 2025, the bank's total assets reached 11.09 trillion yuan, an increase of 5.57% from the end of the previous year.
In terms of performance, both operating revenue and net profit have achieved positive growth for two consecutive years. In 2025, Industrial Bank achieved an operating revenue of 212.741 billion yuan, a year-on-year increase of 0.24%; total profit reached 89.973 billion yuan, a year-on-year increase of 3.27%; and net profit attributable to parent company shareholders was 77.469 billion yuan, a year-on-year increase of 0.34%.
Industrial Bank stated that while achieving reasonable scale expansion, it adheres to balancing development and security, reforming and improving its comprehensive risk management system. Asset quality remains稳健, and risk resilience continues to strengthen. Risks in the "three major areas" of real estate, local government financing platforms, and credit cards are trending towards收敛. As of the end of 2025, the bank's non-performing loan ratio was 1.08%, remaining basically stable compared to the end of the previous year; the provision coverage ratio was 228.41%, maintaining a relatively high level.
On the same day, the shareholders' meeting of Industrial Bank reviewed and approved the 2025 interim dividend proposal, resolving to distribute a cash dividend of RMB 5.65 per share (for every 10 shares, pre-tax) to all ordinary shareholders, with an expected total cash dividend distribution of approximately 11.957 billion yuan, rewarding its vast number of investors.
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