Last month, the 2025 Hefei Marathon kicked off, with HUISHANG BANK serving as the title sponsor. Kong Qinglong, the bank’s Party Committee Deputy Secretary and President, attended the opening ceremony and joined other guests in firing the starting gun.
Since former Chairman Yan Chen resigned in July, Kong Qinglong has taken on a more visible role. The chairman position has remained vacant for four months. Currently, Kong is the only executive director at HUISHANG BANK, also acting as the head of the Strategy Committee. Non-executive director Lu Hao oversees the Risk Management Committee. The market continues to watch for updates on the bank’s leadership succession.
Despite the transition, HUISHANG BANK has maintained stable growth. In the first half of the year, the bank reported operating income of RMB 21.157 billion, up 2.25% year-on-year, and net profit of RMB 9.328 billion, a 3.81% increase. However, net interest income declined by 1.06% to RMB 14.53 billion, indicating limited growth from traditional deposit and loan operations. Instead, financial investment gains drove profitability.
To address this, HUISHANG BANK is accelerating efforts to expand its deposit and loan business. In September, the bank announced partnerships with 39 institutions for online lending services, including nine marketing-focused collaborators offering products like Huabei, credit loans, JD Baitiao, and MyBank loans. Eleven co-lending partners include WeBank, Ant Consumer Finance, and Xinwang Bank.
By the end of Q3 2025, the bank’s net profit rose 6.38% year-on-year to RMB 14.149 billion, with total assets reaching approximately RMB 2.3 trillion, up 14.1% from the start of the year.
However, compliance issues remain a challenge. In early December, HUISHANG BANK was fined RMB 8.15 million for six violations, including improper loan issuance and inadequate credit card management. Four individuals were fined a combined RMB 210,000. This follows an October penalty of RMB 2.4 million for lax loan product oversight.
The bank is now undergoing internal restructuring. A recent board meeting approved proposals to dissolve the supervisory board and revise corporate bylaws, shareholder meeting rules, and board meeting procedures. With the supervisory board abolished, HUISHANG BANK faces heightened demands for risk and compliance oversight of directors and executives.
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