A significant management reshuffle has been initiated at several first-tier branches of Postal Savings Bank Of China Co.,Ltd. (PSBC). In early 2026, PSBC commenced a new round of personnel reorganization. Following the approval of the qualifications of its new President, Lu Wei, on February 13, the heads of multiple first-tier branches were promptly rotated across different regions. This rotation involves key provinces and municipalities including Sichuan, Chongqing, Zhejiang, Hebei, Shaanxi, and Tianjin. The executives involved in this adjustment are all seasoned veterans of PSBC, with an average of over ten years of experience in branch management.
This adjustment marks the first large-scale personnel deployment of the year for PSBC, affecting six first-tier branches.
Sun Dong, the President of the Sichuan Provincial Branch, has moved to a secondary line role, transitioning to a position as a Senior Manager. Sun Dong is a veteran who originated from the postal system and previously served as the Director of the Sanmenxia Postal Bureau. After joining PSBC, while serving as Vice President of the Zhengzhou Branch in 2012, he focused on developing loan officers as a core task, proposing a progressive training model moving from "small loans to large loans, and then to corporate loans." Starting in 2015, Sun Dong successively led the Yunnan, Hebei, and Sichuan branches.
Succeeding Sun Dong is Li Guolu, the former President of the Chongqing Branch. Li, who grew up in Fujian, previously worked in the credit department of the PSBC Fujian Provincial Branch. He served as President of the Sanming Branch in 2015, was transferred to the Fuzhou Branch in 2017, and after his transfer to the Chongqing Branch in 2024, he developed the "Yu" series of financial services. These services, delivered through a "One-Code Pass" digital platform, cover 23 million urban and rural households. The growth rate of agricultural loan disbursements under his leadership ranked first among major banks for two consecutive years.
Following Li Guolu's transfer to Sichuan, the position of Chongqing Branch President has been assumed by Tang Huajian, the former President of the Zhejiang Provincial Branch. Tang Huajian is a senior manager with a background in the postal system, having previously served as Deputy General Manager of the Postal Business Bureau and General Manager of the Agency Business Department at the Postal Group Company, where he built a national agency financial services network. After transferring to PSBC in 2017, he successively led the Yunnan, Hubei, and Zhejiang first-tier branches. During his tenure in Yunnan, the branch was awarded the "2018-2019 National Financial System Ideological and Political Work Model Unit." In Hubei, he promoted bank-enterprise cooperation to support local economic development. In Zhejiang, he spearheaded the establishment of the Technology Finance Division, with loans to technology-based enterprises exceeding 30 billion yuan, achieving a growth rate of over 40%.
The position of Zhejiang Provincial Branch President has been filled by Shi Junbao, the former President of the Hebei Provincial Branch. Shi Junbao is an expert in risk control. During his tenures leading the Guangxi and Guizhou branches, he established comprehensive risk control systems, maintaining non-performing loan ratios below 0.85%. In 2018, while at the Guangxi Branch, he proposed a "Strong Sub-branches" strategy, convening a promotion conference for county-level sub-branches' corporate business across the region to advance business development in county areas. After his transfer to the Guizhou Branch in 2020, he met with Tan Jiong, the Vice Governor of Guizhou Province, to report on PSBC's support for local economic construction, securing financing intentions totaling 30.716 billion yuan for key areas like new infrastructure.
As part of this chain reaction, Zhao Pingping, the former President of the Shaanxi Provincial Branch, has taken up the post at the Hebei Branch. On February 26, he attended a work deployment meeting in his new capacity as President of the Hebei Branch, emphasizing the implementation of the "Iron Triangle" team building for "1+N bound" outlets and standardized daily procedures for collaborative credit card activation. Zhao Pingping is an expert in rural finance. Early in his career, while serving as General Manager of the Rural Finance Department at the Heilongjiang Provincial Branch, he pioneered the "Whole Village Credit" model, increasing the county-level loan coverage rate to 85%. He was promoted to Vice President of the Heilongjiang Branch in 2017 and transferred to the Shaanxi Branch in 2022.
Following Zhao Pingping's transfer to Hebei, the position of Shaanxi Provincial Branch President is slated to be filled by Li Jingshu, the current President of the Tianjin Branch.
Li Jingshu possesses both local experience and headquarters perspective. In 2011, while serving as Vice President of the Beijing Branch, she proposed that "corporate financial statements are not the sole basis for banks to provide credit services." She was later transferred to the Head Office as General Manager of the Consumer Credit Department, where she drove business innovation. In 2023, she was appointed President of the Tianjin Branch.
Balancing the expansion into grassroots networks with risk control remains a critical challenge for the bank. These personnel changes occur during a crucial period of transformation for PSBC. As of the end of June 2025, PSBC operated 39,188 outlets, with 68.09% located at the county level and below, forming a unique urban-rural network advantage.
However, this extensive network of grassroots outlets also presents internal control challenges. Since the beginning of 2026, PSBC branches in Jilin, Henan, and Fujian have received regulatory fines totaling over ten million yuan.
"Cross-regional job rotation is a key measure to address risk control challenges," an expert from PSBC's Strategic Research Department stated. "By rotating senior executives across regions, we can break down regional barriers to form a unified national risk control strategy, while also replicating advanced management experiences in less developed areas."
In recent years, PSBC has promoted its "Look to the Future" loan review technology across 12 key industries, achieving forward-looking risk control through industry research and analysis of corporate growth potential. In 2025, the approved amount utilizing this technology increased by 261% year-on-year.
Concurrently, PSBC is advancing its "Seven Major Reforms," covering core areas such as organizational structure and digital-intelligent transformation. Among these, the pilot reform of branch and sub-branch integration has shown initial results: in pilot branches, the average profit contribution of first-level sub-branches increased by 15%. A classification and grading management mechanism for outlets categorizes them into four types, including flagship and inclusive models, with differentiated assessment indicators for different types, effectively stimulating grassroots vitality.
During its 2026 work conference, PSBC proposed a "Six Transformations" upgrade strategy, planning to create a "second growth curve" through six key directions: specialization, light-asset transformation, and comprehensive services. Currently, PSBC has established Technology Finance Divisions in six branches, with outstanding technology loans exceeding 940 billion yuan. The growth rate of its green loans has been higher than the average growth rate of all loans for three consecutive years.
Industry analysts believe this personnel adjustment is highly aligned with the bank's strategic transformation. Under the dual pressures of retail transformation and strengthening corporate business, PSBC is leveraging talent deployment to break down regional barriers and build a nationally coordinated development framework.
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