PSBC recently announced the completion of deregistration procedures for Youhui Wanjia Bank, having finalized the required industrial and commercial registration changes post-merger. This marks the completion of PSBC's absorption and merger of Youhui Wanjia Bank.
The bank stated that this merger aids in further optimizing management and business structures, solidifying the effectiveness of digital transformation, enhancing operational efficiency, and reducing administrative costs. Data shows that as of December 29, 2025 (the regulatory approval date), Youhui Wanjia Bank had total assets of 10.974 billion yuan and total liabilities of 6.998 billion yuan.
Sources indicate that the former president of Youhui Wanjia Bank has been transferred to PSBC's audit system, accompanied by adjustments in several audit bureau heads. Additionally, two department heads from PSBC's head office have been appointed to local branches.
Li Yuntao, the former president of Zhongyou Youhui Wanjia Bank, has been appointed as the head of PSBC's Audit Bureau Shenyang Branch. Li previously served as deputy general manager of PSBC's Small Enterprise Finance Department and deputy general manager of the SME Development Department. He became deputy head of the Qingdao Branch in August 2020 and assumed the role of president of Youhui Wanjia Bank in January 2024.
Liu Linhua, the former head of the Audit Bureau Shenyang Branch, has been appointed as the head of the Audit Bureau Tianjin Branch. Liu previously served as head of PSBC's Hengshui Branch and became deputy head of the Hebei Provincial Branch in August 2017 before transferring to the audit system.
Yan Hongbing, the former head of the Audit Bureau Tianjin Branch, has been appointed as the head of the Audit Bureau Nanchang Branch. Yan previously served as deputy head and secretary of the Discipline Inspection Commission of PSBC's Hubei Provincial Branch.
Li Bin, the former head of the Audit Bureau Nanchang Branch, has been reassigned to a non-leadership role. Li previously served as deputy head of PSBC's Shanghai Branch, became head of the Hainan Provincial Branch in March 2017, and was transferred to the Nanchang Audit Branch at the end of 2023.
According to the 2025 annual report, PSBC has established an independent, vertical audit system comprising the Head Office Audit Bureau, seven audit branches (Tianjin, Shenyang, Nanchang, Shanghai, Guangzhou, Chengdu, Xi'an), and 29 audit sub-branches. The Head Office Audit Bureau is responsible for managing the bank's overall audit work and coordinating audit resources. The audit branches execute annual audit plans, oversee branch audits within their jurisdictions, and implement various audit projects and continuous audit tasks as per the overall audit deployment.
The audit function serves as the bank's third line of defense for risk prevention and control, operating independently from the first and second lines. It continuously strengthens the professionalism and authority of audit work, fully leveraging the supervisory, evaluative, and advisory roles of internal audit.
Lv Rongrong, the former deputy head of PSBC's Shaanxi Provincial Branch, has been reassigned as a senior expert at the same branch. Lv previously served as head of PSBC's Xi'an Branch and became deputy head of the Shanxi Provincial Branch in February 2019.
It is also noted that two department heads from PSBC's head office have been promoted to deputy heads of first-tier branches:
Shi Xinyuan, head of the Innovation Development Department within the Strategic Development Department at the head office, is slated to become deputy head of the Shaanxi Provincial Branch. Shi previously served as deputy head of the Innovation Department within the Strategic Development Department and as deputy head of the Chengdu Branch.
Sun Zhijie, head of the Collaborative Innovation Department within the Corporate Finance Department (Rural Company Business Center) at the head office, is slated to become deputy head of the Liaoning Provincial Branch.
Regarding team development, PSBC relies on a dual-channel promotion mechanism combining "management and expertise," regularly conducting employee promotions. The bank continuously refines the management mechanism for head office-level professional leading talents, maximizing their demonstrative and leading roles across various sectors. It improves the two-way exchange and appointment mechanism between the head office and branches, encouraging cross-institutional, cross-level, and cross-domain exchanges to provide valuable experience platforms for staff and cultivate versatile talent.
In terms of organizational structure, as of the end of 2025, PSBC had a total of 7,758 institutions, including the head office, 36 first-tier branches, 326 second-tier branches, 2,220 first-tier sub-branches, and 5,172 second-tier sub-branches. Compared to the end of 2024, there were two more second-tier branches, eight fewer first-tier sub-branches, and 135 fewer second-tier sub-branches.
Regarding personnel, as of the end of 2025, PSBC had 196,779 employees, a reduction of 852 from the previous year. This includes 182,347 contractual employees (including 1,249 from holding subsidiaries) and 14,432 labor dispatch workers. Additionally, there are 35,048 retired employees.
Last year, PSBC reasonably controlled staff size while steadily improving talent quality. The proportion of employees with undergraduate degrees or higher continued to rise. Employee role distribution became more rational, with talent resources further flowing in an orderly manner toward core business areas and front-line marketing positions.
At the 2025 performance briefing, PSBC President Lu Wei mentioned, "In terms of talent cultivation, contrary to many impressions, the average age of PSBC employees is only 38, with 89.57% holding undergraduate degrees or higher. Their performance outlook, professional level, vocational quality, and mental outlook are all quite good."
PSBC also stated that it is implementing "refined" management, accelerating the construction of a modern banking management system characterized by intensive efficiency, professional intelligence, excellent service, and innovation drive. It aims to build a professional team with "three过硬" qualities, strictly control risk and operational costs, and allocate human, financial, material, and capital resources through market mechanisms to achieve optimal resource allocation, lower operating costs, and higher operational efficiency.
The 2026 first-quarter report shows that PSBC's business and administrative expenses for the first quarter were 49.968 billion yuan, a year-on-year decrease of 1.30%. The cost-to-income ratio was 51.96%, down 4.69 percentage points year-on-year. Performance showed dual growth: first-quarter operating revenue reached 96.162 billion yuan, a year-on-year increase of 7.61%, and net profit was 25.846 billion yuan, a year-on-year increase of 1.91%.
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