FINANCE

Exclusive: China Zheshang Bank Taps President as New Chairman

Published: Nov. 17, 2025 6:39 p.m. GMT+8

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Chen Haiqiang.

China Zheshang Bank Co. Ltd. has named President Chen Haiqiang as the new chief of its Communist Party committee and nominated him to be chairman, filling a four-month leadership vacuum at the national joint-stock lender.

The appointment was announced at an internal meeting Monday, Caixin has learned from sources with knowledge of the matter. The promotion confirms an earlier Caixin report on the personnel change.

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Chen Haiqiang has been named chief of the Communist Party committee and nominated as chairman of China Zheshang Bank, after serving as acting chairman since July.
Chen, 51, joined the bank in 2015 and has risen through several leadership roles; he became president after Zhang Rongsen resigned in August 2024.
Zheshang Bank, a mid-tier Chinese lender, had total assets of 3.4 trillion yuan ($479 billion) as of September, up 1.9% from end-2023.

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Who’s Who

China Zheshang Bank Co. Ltd.: China Zheshang Bank Co. Ltd. (浙商银行股份有限公司) is a national joint-stock lender. Its total assets reached 3.4 trillion yuan ($479 billion) as of September, representing a 1.9% increase from the end of last year. Chen Haiqiang has been named the new chief of its Communist Party committee and nominated as chairman.

China Merchants Bank Co. Ltd.: Chen Haiqiang had a long career at China Merchants Bank Co. Ltd. before joining China Zheshang Bank in 2015. He rose through the ranks at Zheshang Bank, eventually becoming President and then being nominated as chairman.

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What Happened When

August 2024：: Zhang Rongsen, then president of Zheshang Bank, resigned abruptly for 'personal reasons'.

After August 2024：: Lu Jianqiang temporarily took on the duties of president after Zhang Rongsen's departure.

Early 2025：: Chen Haiqiang was promoted from vice president to president of Zheshang Bank.

July 2025：: Chen Haiqiang began acting as chairman after the retirement of former chairman Lu Jianqiang.

As of September 2025：: Zheshang Bank's total assets stood at 3.4 trillion yuan.

Monday, November 17, 2025：: Chen Haiqiang was announced as the new chief of the Communist Party committee and nominated to be chairman, filling a four-month leadership vacuum.

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