Following the resignation of former Chief Risk Officer Wang Yanli due to health reasons two months ago, Bank of Zhengzhou Co., Ltd. (002936.SZ, hereinafter referred to as "Bank of Zhengzhou") announced on December 9 that it had received approval from the Henan branch of the National Financial Regulatory Administration, officially confirming Pan Feng's qualification as the bank's Chief Risk Officer.
Public records show that Pan Feng, born in July 1971, holds a bachelor's degree and is a seasoned veteran with over 30 years of experience at Bank of Zhengzhou. His expertise spans office management, board operations, and risk management. Pan Feng began his career in July 1993 at the bank's headquarters office, serving in various roles including office staff, deputy director (acting director), and director of the office.
Additionally, Pan Feng has held positions such as Secretary of the Board Office, Director of the Board Office, and Director of the Board Risk Management Office at Bank of Zhengzhou. Currently, as Chief Risk Officer, he also serves as General Manager of the Strategic Development Department and Director of the Related Party Transactions Management Center.
Bank of Zhengzhou stated that Pan Feng's appointment will enhance the professional structure of its senior management team, strengthen comprehensive risk management, and improve the synergy between risk control and strategic implementation. The bank had initially announced its intention to appoint Pan Feng as Chief Risk Officer on February 13 this year.
Wang Yanli, the former Chief Risk Officer, resigned on September 26, 2024, due to health reasons. Born in October 1970, Wang held a master's degree and was a certified senior accountant and economist. She joined Bank of Zhengzhou in August 1996, serving in various leadership roles, including Deputy Branch Manager and Branch Manager, before transitioning to risk management in July 2011. She was appointed Chief Risk Officer in February 2018.
Established in November 1996, Bank of Zhengzhou has a registered capital of 9.092 billion yuan. It originated from the consolidation of 48 urban credit cooperatives in Zhengzhou and was renamed Bank of Zhengzhou in 2009. The bank became the first city commercial bank to achieve dual listing on the Hong Kong Stock Exchange (2015) and the Shenzhen Stock Exchange (2018).
As of the end of September 2025, the Zhengzhou Municipal Finance Bureau and its controlled entity, Zhengzhou Investment Holdings Co., Ltd., were the bank's top two shareholders, holding 7.23% and 6.69% stakes, respectively. Zhongyuan Trust held a 3.50% stake, ranking as the fourth-largest shareholder.
Bank of Zhengzhou has seen steady asset growth, with total assets reaching 743.552 billion yuan by the end of September 2025, up 11.54% year-on-year. Loans and advances stood at 394.7 billion yuan, a 5.83% increase, while deposits rose 16.31% to 470.28 billion yuan. However, loan growth has slowed in recent years, with year-on-year increases of 14.10%, 8.73%, 7.34%, and 5.83% from 2022 to September 2025.
Notably, the bank's overdue loans and non-performing loans have increased. Overdue loans surged from 9.839 billion yuan at the end of 2022 to 19.538 billion yuan by the end of 2024, accounting for 5.04% of total loans, up from 2.97%.
In the first three quarters of 2025, Bank of Zhengzhou reported revenue of 9.395 billion yuan and net profit attributable to shareholders of 2.279 billion yuan, up 3.91% and 1.56% year-on-year, respectively. Net interest income rose 5.83% to 7.816 billion yuan, while investment income jumped 42.88% to 1.463 billion yuan.
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