The Guizhou Provincial People's Government has issued a notice regarding personnel changes, recommending Hou Xuhong as a candidate for Director, Vice Chairman, and President of Guizhou Rural Commercial United Bank Co., Ltd. The notice also suggests he step down from his current roles as Chairman and Director of Guizhou State-owned Capital Operation Co., Ltd.
This move follows the earlier recommendation in early June 2026 of Yang Hongjun, the inaugural president of Guizhou Rural Commercial United Bank, as a candidate for Director and Chairman of Guizhou Bank, which created a vacancy at the helm of the United Bank. Upon assuming the role, Hou Xuhong will become the institution's second president since its establishment.
Born in March 1974, Hou Xuhong is 52 years old. He holds a Master of Business Administration and is a senior economist. He began his career in July 1995 and has over two decades of experience in the financial sector. His professional journey started at Agricultural Bank of China, where he held various positions at branches including Guiyang Xiaohe, Guizhou Provincial Branch, and Qiannan Branch. He was promoted to General Manager of the Corporate Business Department at Agricultural Bank's Guizhou Provincial Branch in 2017.
In September 2019, Hou Xuhong transitioned to a local state-owned enterprise, Gui'an New Area Development and Investment Co., Ltd., serving as Party Committee Member, Director, Deputy General Manager, and Chief Accountant. He returned to the former Guizhou Provincial Rural Credit Cooperatives Union in June 2022, taking on the roles of Party Committee Member and Deputy Director. In October 2024, he moved to Guizhou State-owned Capital Operation, a subsidiary of Guizhou Financial Holding Group, and was appointed as the company's Party Committee Secretary and Chairman in December of the same year. This new appointment marks his return to the Guizhou rural credit system after a two-year interval.
Public information indicates that Guizhou Rural Commercial United Bank was established through the restructuring of the Guizhou Provincial Rural Credit Cooperatives Union. It officially commenced operations on December 25, 2025, with a registered capital of 10.458 billion yuan. Its Chairman is Yang Song, and its headquarters is located in Guiyang City, Guizhou Province. It operates as a local banking financial institution under the leadership of the Guizhou Provincial Party Committee and Government. The bank oversees 84 rural commercial banks (rural credit cooperatives unions), with a total of 2,295 business outlets, 13,658 "Qiannong Village Connect" convenience service points, and a workforce of 28,000 employees.
Regarding its shareholding structure, the bank has four major shareholders. The controlling shareholder is Guizhou Financial Holding Group Co., Ltd. (Guizhou Guimin Investment Group Co., Ltd.), holding a 65.844% stake. The second-largest shareholder is the Guizhou Provincial Department of Finance, with a 15.032% share. China Kweichow Moutai Distillery (Group) Co., Ltd. and Guizhou Qiansheng State-owned Assets Operation Co., Ltd. are tied as the third-largest shareholders, each holding a 9.562% stake.
As of the end of December 2025, the total assets of the Guizhou Rural Commercial United Bank system reached 1,194.2 billion yuan. Its deposit balance stood at 958.6 billion yuan, and its loan balance was 727.5 billion yuan. Both its deposit and loan scales rank first among all banking institutions in the province, making it the largest banking financial institution in Guizhou in terms of business scale, service coverage, and number of employees.
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