FINANCE

Exclusive: China’s Zheshang Bank Nominates Former Regulator as President

Published: Dec. 23, 2025 6:35 p.m. GMT+8

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Lü Linhua

China Zheshang Bank Co. Ltd. (601916.SH) has nominated former financial regulator Lü Linhua as president, Caixin has learned from people familiar with the matter.

Lü, currently a vice president at Zhejiang Rural Commercial United Bank, is expected to assume the role pending regulatory approval. Zheshang Bank is one of China’s 12 national joint-stock commercial banks.

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Lü Linhua, vice president at Zhejiang Rural Commercial United Bank, is nominated as president of China Zheshang Bank, pending regulatory approval.
Lü would replace Chen Haiqiang, who was elected chairman.
Zheshang Bank reported a 6.8% revenue decline and a 9.6% net profit drop in the first nine months of the year.

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Who’s Who

China Zheshang Bank Co. Ltd.: China Zheshang Bank Co. Ltd. (601916.SH) is one of China's 12 national joint-stock commercial banks. They have nominated Lü Linhua as their new president, pending regulatory approval. This comes amidst earnings pressure, as the bank reported declines in revenue and net profit for the first nine months of the year.

Zhejiang Rural Commercial United Bank: Zhejiang Rural Commercial United Bank is where Lü Linhua currently serves as vice president. Lü Linhua previously worked at the Zhejiang bureau of China's former banking regulatory body before joining Zhejiang Rural Commercial United Bank in 2022.

AI generated, for reference only