Among numerous banks, one institution stands out for its remarkably consistent leadership background.
Jiangsu Changshu Rural Commercial Bank recently announced the appointment of three new executives, including a president and two vice presidents. The newly appointed president, Lu Dingchang, represents another leader nurtured from the bank's grassroots operations. Notably, at just 39 years old (born in 1986), he becomes the youngest president among listed banks, setting a new record.
The bank's board meeting approved Lu Dingchang's appointment as president and chief compliance officer, while also nominating him as an executive director of the eighth board.
Born in August 1986, Lu has built his career entirely within Jiangsu Changshu Rural Commercial Bank. His journey includes positions as: credit officer and assistant general manager at the micro-loan center; deputy head of the microfinance division; deputy head of corporate banking; branch manager of Hanjiang; deputy head of Yangzhou branch (concurrently managing Hanjiang branch); head of inclusive finance; head of microfinance and inclusive finance divisions; and currently serves as deputy party secretary and vice president.
His extensive experience in microfinance aligns perfectly with the bank's core business focus, having been recognized nationally for outstanding micro-enterprise financial services.
His predecessor Bao Jian similarly rose through the ranks from teller to president, with brief stints at Nanjing Bank and Jiangnan Rural Commercial Bank. Bao, born in October 1981, previously held the distinction of being the youngest president among listed banks when appointed.
The bank demonstrates a clear preference for promoting internally cultivated talent through its ranks, ensuring both strategic continuity and deep institutional knowledge of its core SME banking business.
Concurrent with Lu's promotion, Bao Jian submitted his resignation as executive director, member of the board's strategy and rural financial services committee, and president. Vice president Li Yong also resigned, having joined in 2022 with responsibilities initially in business operations before transitioning to risk management.
The two newly appointed vice presidents are Zhang Kangde and Ni Jianfeng.
Zhang's career path includes roles as: university counselor and youth league secretary; various government positions in Shajiabang town; director of the port administration office; and most recently as the bank's deputy party secretary and discipline inspection commission secretary.
Ni Jianfeng also rose from grassroots positions, with experience spanning multiple rural commercial banks in Jiangsu before joining as a party committee member.
Separately, the bank's major shareholder Changshu Investment Holding Group increased its stake by 5.62 million shares (0.17% of total equity) between October 9 and November 13, 2025.
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