This update highlights recent personnel adjustments at Shanghai Pudong Development Bank's (SPDB) headquarters, affecting multiple business divisions including corporate banking, retail banking, and financial markets.
Zheng Wei, previously General Manager of the Investment Banking Department, has been appointed as General Manager of the Financial Institutions Department. Zheng served as Assistant President of SPDB's Dalian Branch before becoming Vice President in September 2019, and was transferred to headquarters in 2024.
Wang Chengxin, former Deputy General Manager of the Strategic Clients Department, now serves as Deputy General Manager of the Investment Banking Department (acting head). Wang held various positions including Deputy Director and Director at SPDB's headquarters investment banking division, served as Vice President of Beijing Branch, and became Vice President of Nanchang Branch in January 2023 before his 2024 transfer to headquarters.
Lu Xiaoyong, Deputy General Manager of Retail Credit Department, has been appointed Deputy General Manager of Operations Management Department. Lu holds a master's degree in Computer Engineering from Shanghai University and is a senior engineer. As one of the first experts selected by the China Banking Regulatory Commission for banking IT development and risk management, he has extensive experience in information system development, data governance, and big data applications at SPDB.
Other notable appointments include: - Feng Wenliang, Deputy General Manager of IT Department, appointed as Party Committee Member of Credit Card Center - Tie Jincheng, Deputy General Manager of Credit Card Center, appointed as Deputy General Manager of Asset Custody Department - Wang Hui, Deputy General Manager of Asset Custody Department, appointed as Deputy General Manager of Retail Credit Department - Huang Shiqiang, President of Xinxiang Branch, appointed as Assistant General Manager of Retail Banking Department
According to SPDB's 2025 third-quarter report, the bank was the only one among nine A-share listed joint-stock banks to achieve both revenue and net profit growth. The bank reported operating income of 132.28 billion yuan (up 1.88% YoY) and net profit attributable to shareholders of 38.819 billion yuan (up 10.21% YoY) for the first three quarters.
The report highlights SPDB's progress in implementing its digital intelligence strategy across key business areas including corporate banking, retail banking, financial markets, and cross-border services.
Retail Banking Performance: - Personal financial assets under management reached 4.62 trillion yuan by September end, up 19.07% from year-end 2024 - Personal deposits grew 10.76% to 1.717 trillion yuan - Retail loans (excluding personal business loans) increased 2.84% to 1.505 trillion yuan - Private banking clients with assets exceeding 6 million yuan grew 12.6% to over 55,000, managing assets exceeding 770 billion yuan
Corporate Banking Highlights: - M&A loan balance reached 237.8 billion yuan, ranking among top joint-stock banks - Underwrote 1,589 bonds totaling 489.969 billion yuan - Strategic corporate clients' RMB deposits grew 5.57% to 996.981 billion yuan - Online supply chain business volume reached approximately 221 billion yuan
Financial Markets Achievements: - Successfully custodied the largest CSI A500 index-enhanced product launch of the year - Won custody mandates for billion-yuan industrial development funds - Custody assets exceeded 20 trillion yuan by November 2025, ranking fourth industry-wide
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