This report continues to detail personnel changes at the regional level for Hua Xia Bank Co.,Limited (ASX: HXB), involving the general managers and deputy managers of several primary branches in the Yangtze River Delta and Beijing-Tianjin-Hebei regions.
The general manager of the Shanghai Branch, Cheng Chuntao, has stepped back from the front line. Cheng is a veteran of Hua Xia Bank Co.,Limited, having served as deputy manager when the Zhengzhou Branch was approved and opened in April 2012, later rising to become its general manager. He was transferred to lead the Shanghai Branch in early 2021. By the end of 2025, the Shanghai Branch operated 29 sub-units with 891 employees and reported assets of 130.635 billion yuan, an 11.71% decrease from the prior year-end, marking a second consecutive year of contraction.
Guo Xianming, the current general manager of the Changzhou Branch, is slated to succeed as the Shanghai Branch general manager. He previously served as deputy manager of the Suzhou Branch and the Shenzhen Branch before taking the helm in Changzhou in November 2023.
Zhang Qi, the current general manager of the Head Office's Consumer Rights Protection Department, is proposed to become the general manager of the Changzhou Branch. Zhang formerly headed the Head Office's Legal and Compliance Department. In 2025, the bank elevated its Consumer Rights Protection Department to a first-tier department at the head office level.
Jiang Yuhong, a division chief within the Head Office's Financial Markets Department, is proposed for the role of deputy manager at the Shanghai Branch.
On June 10, the appointment of Luo Yanyan as deputy manager of the Wenzhou Branch received regulatory approval. Luo previously served as the general manager of the Wenzhou Branch's Human Resources Department.
According to its annual report, by the end of 2025, Hua Xia Bank Co.,Limited operated 11 primary branches in the Yangtze River Delta region, with combined assets totaling 1,116.15 billion yuan, accounting for nearly a quarter of the bank's total. However, in April 2026, the bank's board approved a proposal to adjust the institutional tier of the Shaoxing Branch, which has since been downgraded to a secondary branch.
The bank's Beijing-Tianjin-Hebei region encompasses the Head Office (including the Credit Card Center), along with branches in Beijing, Tianjin, Shijiazhuang, and the Beijing Sub-Center.
It has been learned that Shang Gao, the deputy manager of the Beijing Sub-Center Branch, is proposed for a transfer to become deputy manager of the Harbin Branch. Shang previously served as the manager of the bank's Tongzhou sub-branch in Beijing and was appointed deputy manager of the Beijing Sub-Center Branch in June 2025.
It is reported that in April 2020, the bank's former Tongzhou Branch received approval to be renamed the "Beijing Sub-Center Branch." By the end of 2025, the assets of this branch reached 106.581 billion yuan, a surge of 203.20% from the end of 2024. In contrast, the assets of the bank's Beijing Branch contracted by approximately 5% over the same period. Recently, the bank's new headquarters building located in the Beijing Sub-Center has completed its signage installation.
As the two most critical development regions for Hua Xia Bank Co.,Limited, the Beijing-Tianjin-Hebei and Yangtze River Delta areas contribute over 60% of the bank's total operating revenue and nearly 80% of its total profit.
Data shows that in 2025, the Beijing-Tianjin-Hebei region generated operating revenue of 38.059 billion yuan, a year-on-year decrease of 12.37%, but achieved an operating profit of 17.054 billion yuan, a 6.63% increase, indicating profit growth without revenue growth. The Yangtze River Delta region reported operating revenue of 19.888 billion yuan, up 1.97% year-on-year, but its operating profit fell 10.54% to 10.148 billion yuan, showing revenue growth without profit growth.
In terms of total loan volume, the Yangtze River Delta region leads. By the end of 2025, the Yangtze River Delta and Beijing-Tianjin-Hebei regions held the top two positions for loan balances, at 802.743 billion yuan and 552.781 billion yuan respectively, accounting for 31.28% and 21.54% of the bank's total. Regarding growth rates, loans in the Yangtze River Delta, Western region, Guangdong-Hong Kong-Macao Greater Bay Area, and Central-Eastern region expanded more rapidly, with growth rates of 10.49%, 10.49%, 10.24%, and 9.55% respectively.
Regarding asset quality, by the end of 2025, the non-performing loan (NPL) ratio for the Beijing-Tianjin-Hebei region stood at 3.09%, a decrease of 0.58 percentage points from the previous year-end but still the highest among all regions. The Yangtze River Delta region's NPL ratio was 0.88%, up 0.22 percentage points year-on-year. Additionally, influenced by risk exposure from certain large clients, the NPL ratio for the Guangdong-Hong Kong-Macao Greater Bay Area rose 0.43 percentage points year-on-year to 1.98%.
Although the Yangtze River Delta's NPL ratio remains relatively low for the bank, branches in this region have received several significant fines in recent months. The Hangzhou Branch, Lishui Branch, and Ningbo Branch were fined 1.05 million yuan, 950,000 yuan, and 1.3 million yuan respectively, primarily related to credit and loan issues.
For the bank as a whole, as of the end of the first quarter of 2026, Hua Xia Bank Co.,Limited's NPL balance was 42.917 billion yuan, an increase of 7.60% from the end of the previous year. The NPL ratio was 1.55%, unchanged from the year-end figure.
Regarding its regional development strategy, Hua Xia Bank Co.,Limited stated in its annual report that it aims to deepen its home-field advantage in the capital, thoroughly serve the broader context of Beijing's "Four Centers" functional development, adhere to a service mechanism of "head office coordination, branch direct operation, and sub-branch support," continuously explore resources from municipal and district-level state-owned enterprises, and resolutely complete tasks assigned by the municipal government.
Simultaneously, the bank is deepening coordinated regional development, meticulously cultivating its presence in four key areas: the Beijing-Tianjin-Hebei region, the Yangtze River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area, and the Chengdu-Chongqing economic circle. It employs a "leading goose" branch strategy to engage key stakeholders, integrate into the mainstream regional economies, implement the requirement for "major provinces to shoulder major responsibilities," continuously build its own "home-field advantages," and enhance its development competitiveness.
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