At the end of 2025, significant changes occurred in the core management of CITIC Bank.
According to an announcement from CITIC Bank, on December 30, 2025, Lu Wei resigned from his positions as the bank's Executive Director and President due to work adjustments; Chairman Fang Heying will temporarily perform the duties of the President. Previously, Lu Wei had been appointed as a member of the Party Leadership Group and Vice President of the Postal Group, as well as Secretary of the Party Committee of Postal Savings Bank, and was appointed as President of Postal Savings Bank on December 26.
As the year drew to a close, the heads of several first-tier branches of CITIC Bank also saw changes, with details as follows.
Zhu Yiming, President of the Shijiazhuang Branch, has been transferred to become President of the Shanghai Branch; the former President of the Shanghai Branch, Zhao Yuanxin, has already taken up the position of General Manager of the Total Credit Execution Department at the head office. Zhu Yiming is a postdoctoral fellow from Nankai University, with undergraduate and postgraduate studies focused on finance and economics, and doctoral and postdoctoral research in philosophy and economic history. He previously worked at the Economic Development Center of the Civil Aviation Administration of China and at Harvest Fund. He joined CITIC Bank in 2004, successively holding positions including Assistant General Manager of the Custody Center, Assistant General Manager of the Asset Custody Department, Assistant General Manager of the Corporate Banking Department, Deputy President of the Hangzhou Branch, Deputy General Manager of the Institutional Client Department at the head office, and General Manager of the Transaction Banking Department. He has been President of the Shijiazhuang Branch since November 2024. Taking a longer-term view, current CITIC Bank Vice Presidents Hu Gang and He Jinsong have both previously served as President of the Shanghai Branch. In terms of scale, the Shanghai Branch is the third largest branch of CITIC Bank, after the Beijing and Hangzhou branches; as of the end of June 2025, the Shanghai Branch had total assets of 6196.09 billion yuan, 2,340 employees, and 61 subordinate branches.
The former President of the Kunming Branch, Cao Yaming, has been appointed President of the Shijiazhuang Branch. He previously served as President of the Yancheng Branch of CITIC Bank, and from 2018, he held roles as Assistant President, Deputy President, and Risk Director of the Kunming Branch, before being promoted to President of the Kunming Branch in July 2023.
Deputy President of the Nanjing Branch, Xu Zhen, has been transferred to lead the work at the Kunming Branch; his career includes serving as President of the Nanjing Qixia Sub-branch of CITIC Bank, and Assistant General Manager of the Corporate Banking Department at the head office. He was appointed Assistant President of the Nanjing Branch in July 2020 and promoted to Deputy President of the Nanjing Branch in November 2022. Furthermore, on December 30, 2025, the qualifications of Li Yi and Ge Jun for the positions of Deputy President of the Chengdu Branch of CITIC Bank were approved simultaneously; both were promoted from Assistant President of the branch.
Li Yi has previously served as General Manager of the Institutional Business Department, General Manager of the Corporate Banking Department, and Assistant President of the Chengdu Branch of CITIC Bank.
Ge Jun has previously served as President of the Chengdu High-tech Sub-branch of CITIC Bank, held responsible positions in the Chengdu Branch's Corporate Banking Department and Strategic Client Department, and was an Assistant President.
On December 22, 2025, the qualification of Li Fuxing for the position of Assistant President of the Guangzhou Branch of CITIC Bank was approved; his career includes roles as Assistant President and Deputy President of the Huizhou Branch, General Manager of the Business Department of the Guangzhou Branch, President of the Zhuhai Branch, and Party Committee Member of the Guangzhou Branch concurrently serving as President of the Dongguan Branch. The above branch information for CITIC Bank is from the 2025 Interim Report.
As of the end of June 2025, CITIC Bank had established 1,477 business outlets in 153 large and medium-sized cities across China, including 37 first-tier (directly affiliated) branches, 125 second-tier branches, and 1,315 sub-branches. Amidst the year-end personnel adjustments, multiple branches of CITIC Bank intensively received fines, including several reaching millions.
Regulatory administrative penalty information shows that on December 18, 2025, due to issues such as imprudent management of credit business, trade finance business, and bill business, the Chengdu Branch of CITIC Bank was fined 2.3 million yuan. Four other branches—Chengdu Donghu Sub-branch, Yibin Branch, Dazhou Branch, and Luzhou Branch—were collectively fined 2.5 million yuan, and five relevant responsible persons were warned and fined a total of 350,000 yuan. In December 2025, eight branches of CITIC Bank in Jiangsu province, including Nanjing, Xuzhou, Taizhou, and Yancheng, collectively received fines. The reasons for penalties covered areas such as credit management, bill business, and interbank investment, with total fines amounting to 6.6 million yuan; concurrently, 11 relevant responsible persons were given warnings and fines totaling 760,000 yuan. In response, CITIC Bank issued an announcement on its official website on January 5, stating that the bank is promoting specific issue rectification through measures such as settling business and supplementing invoices. Furthermore, by improving management systems and conducting business re-inspections, the bank is continuously strengthening the issuance and payment management of related loan businesses, enhancing the authenticity review of trade backgrounds for bank acceptance bill business and risk investigations, and persistently improving the risk control capabilities of related businesses. It is particularly noteworthy that the aforementioned fines imposed on CITIC Bank display a "regional concentration," indicating systemic deviations in the management of local branches. The head office's vertical management and risk control system have not been effectively implemented at the regional level, highlighting an urgent need to improve compliance issues. Regarding risk management, CITIC Bank stated in its 2025 third-quarter report that it would strengthen proactive post-lending and post-investment management and enhance risk warning and monitoring. It aims to solidly manage risks in key areas such as retail, real estate, and local government debt, strengthen control at the source to prevent new risks, and accelerate risk resolution. The bank is also optimizing and upgrading its enterprise-level risk control mid-office, refining risk control tools, continuously advancing the application of large models in risk control, and accelerating the digital and intelligent transformation of risk control.
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