FINANCE

Exclusive: China Appoints Financial Veterans to Top Posts at ICBC, Exim Bank

Published: Oct. 17, 2025 5:08 p.m. GMT+8

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Zhao Guide (left), Wang Xiao

Recent management reshuffles at Chinese state-owned banks have been finalized, with the heads of two Shanghai branches being promoted to senior positions, Caixin has learned from multiple industry sources.

Zhao Guide, president of Industrial and Commercial Bank of China Ltd.’s (ICBC) Shanghai branch, has been appointed a Communist Party committee member at the bank’s headquarters and is slated to become a senior executive vice president (SEVP), the sources said.

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Zhao Guide (ICBC Shanghai) will become senior executive vice president and party committee member at ICBC’s headquarters.
Wang Xiao (BOC Shanghai) moves to Exim Bank as party committee member and vice president.
Both promotions fill leadership vacancies and make Zhao and Wang centrally managed officials.

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Who’s Who

Industrial and Commercial Bank of China Ltd.: Zhao Guide, president of Industrial and Commercial Bank of China Ltd.'s (ICBC) Shanghai branch, has been appointed a Communist Party committee member at ICBC's headquarters. He is slated to become a Senior Executive Vice President (SEVP). Zhao, 55, is a veteran of ICBC and previously led branches in Jilin, Inner Mongolia, and Shandong. He took over the Shanghai branch in mid-2024.

Bank of China Ltd.: Wang Xiao, previously the president of Bank of China Ltd.'s (BOC) Shanghai branch, has been transferred to the Export-Import Bank of China (Exim Bank). He is slated to become a vice president and a party committee member at Exim Bank. Wang joined BOC in 1992, having held various roles including at its New York branch and leadership positions in several Chinese cities.

Export-Import Bank of China: Wang Xiao, ex-president of Bank of China Ltd.'s (BOC) Shanghai branch, has been appointed as a party committee member at the Export-Import Bank of China (Exim Bank) and is slated to become a vice president. This move fills the vacancy left by former Vice President Zhang Shaohui. The Exim Bank is identified as a key policy lender for foreign trade.

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