Bank of China welcomed its second "externally recruited" vice president this year.
On August 18, Bank of China announced that it had received approval from the National Financial Regulatory Administration for Yang Jun's qualification as vice president of the bank. Effective August 14, 2025, Yang Jun assumed the position of vice president at BOC, less than a month after his appointment on July 18. Previously, Yang Jun had been working within the China Construction Bank system.
Following Yang Jun's appointment, Bank of China continues to strengthen its senior management, with another party committee member being promoted internally.
Currently, Bank of China's senior management team comprises six members: President Zhang Hui, Vice Presidents Cai Zhao, Wu Jian, and Yang Jun, Chief Risk Officer Zhao Rong, and Board Secretary & Company Secretary Zhuo Chengwen. Among these, all four executives in "one president and three vice presidents" positions were recruited from external institutions by BOC in recent years.
Beyond senior management, this month BOC has had several first-tier branch vice presidents receive regulatory approval for their appointments, all promoted from within the system.
On August 18, Dong Fei was appointed vice president of BOC Xinjiang Branch. She previously served as vice president of BOC Dalian Xinghai Bay Branch and Shenyang Branch, deputy general manager and general manager of Liaoning Provincial Branch Risk Management Department, and general manager of Corporate Finance Department.
On August 15, Luo Zheng was appointed vice president of BOC Beijing Branch. He previously served as deputy general manager of BOC Group Large Corporate Department's Structured Finance Center (Beijing). In August 2020, he became president of BOC Beijing Economic and Technological Development Zone Branch, and when the branch was upgraded to Beijing Economic and Technological Development Zone Sub-branch in November 2021, Luo Zheng continued as president. In 2024, he served as general manager of BOC Beijing Branch Corporate Finance Department.
On August 11, Qiang Xin was appointed vice president of BOC Guangxi Regional Branch. He previously served as president of BOC Guangdong Shanwei Branch and Baiyun Branch, and became president of Shantou Branch in December 2019. In 2020, he served as discipline inspection secretary of BOC Guizhou Provincial Branch, and in 2023 was transferred to serve as discipline inspection secretary of Henan Provincial Branch. This year, he became deputy party secretary of BOC Guangxi Regional Branch.
On August 5, Fu Huiping was appointed vice president of BOC Jiangxi Provincial Branch. She previously served as general manager of Small and Medium Enterprise Department and Inclusive Finance Department at BOC Zhejiang Provincial Branch, and became president of BOC Wenzhou Branch in July 2021.
Additionally, on August 21, Jia Zhiwei, former deputy general manager of BOC Head Office Consumer Finance Department, was approved to serve as general manager of Banco Nacional Ultramarino.
As of the end of 2024, Bank of China had 10,279 domestic commercial banking institutions, including 38 first-tier and directly affiliated branches, 373 second-tier branches, and 9,867 grassroots branches. Among these, first-tier branches (directly affiliated branches) are established in 31 provincial capital cities (municipalities), as well as seven cities: Ningbo, Xiamen, Suzhou, Qingdao, Shenzhen, Dalian, and Xiongan.
Since 2025 began, Bank of China's management has undergone consecutive adjustments, with three vice presidents departing during the year.
On January 7, former Executive Director and Vice President Lin Jingzhen resigned due to age reasons. On April 29, Liu Jin resigned from his vice president position due to job changes and was transferred to deputy party secretary; in June, Liu Jin was appointed as BOC's executive director. On June 16, former Vice President Zhang Xiaodong resigned due to work transfer; on July 30, Zhang Xiaodong's appointment as vice chairman and president of Agricultural Development Bank of China was approved.
On June 30, BOC announced again that Chief Information Officer Meng Qian resigned due to age reasons.
During the year, BOC also recruited two vice presidents from other banks. Before Yang Jun, on January 24, BOC appointed Wu Jian as vice president; his qualification was approved on February 24. Wu Jian had long been deeply involved in the China Everbright Group system, and his position before joining BOC was deputy party secretary and discipline inspection secretary of China Everbright Bank.
Notably, all of BOC's current "one president and three vice presidents" were recruited from outside the bank. Zhang Hui has served as BOC president since December 2024, previously serving as vice president of China Development Bank; Cai Zhao has served as BOC vice president since September 2023, previously serving as chief information officer of Agricultural Bank of China.
Not only BOC, but entering the second half of 2025, multiple major banks have experienced senior management adjustments.
Among state-owned major banks, China Construction Bank also internally promoted a vice president. On August 20, CCB announced that the National Financial Regulatory Administration had approved Lei Ming's qualification, and Lei Ming officially assumed the position of CCB vice president, having previously served as chairman of CCB Fintech.
Among joint-stock banks, China Minsheng Bank experienced a "changing of the guard" in vice president positions. On July 23, Shi Jie resigned from his vice president position due to retirement age, and Li Wenshi was appointed vice president of Minsheng Bank.
Industry analysts note that management changes in the banking sector include both internal promotions and system-wide transfers, reflecting the routine personnel arrangements of financial institutions under strategic transformation, risk management, and regulatory requirements.
