FINANCE

Fifth Chairman at Same Chinese Bank Detained by Authorities

Published: Dec. 4, 2025 12:36 p.m. GMT+8

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Qin Jizhang (left), Chen Yulong

China has detained two senior figures linked to Bank of Jilin Co. Ltd. within days of each other, reviving concerns over repeated governance failures at a troubled regional lender.

The bank’s current chairman, Qin Jizhang, has recently been detained by graft-busters, though no official announcement has been made about his status, people familiar with the matter told Caixin.

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Two senior figures at Bank of Jilin, including current chairman Qin Jizhang and former chairman Chen Yulong, have been detained or investigated for suspected corruption.
The detentions are part of Beijing's wider anti-graft campaign targeting the financial sector.
Multiple past chairmen and vice presidents of Bank of Jilin have faced corruption probes, raising concerns about ongoing governance issues.

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Who’s Who

Bank of Jilin Co. Ltd.: Bank of Jilin Co. Ltd. is a troubled regional lender in China that has recently seen its current chairman, Qin Jizhang, and former chairman, Chen Yulong, detained for suspected corruption. This raises renewed concerns about its risk controls and governance failures, as several past chairmen and vice presidents have also faced corruption probes.

China Merchants Bank: China Merchants Bank (600036.SH) was where Qin Jizhang, the recently detained chairman of Bank of Jilin, had a long career before joining Bank of Jilin in 2020. It is described as one of China's most influential retail lenders.

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What Happened When

2020：: Qin Jizhang joined Bank of Jilin as a vice president.

2023：: Qin Jizhang was appointed chairman of Bank of Jilin.

Nov. 24, 2025：: China’s top anti-graft body announced that Chen Yulong, former chairman of Bank of Jilin, was under investigation for suspected corruption.

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