FINANCE

Citic Bank Weighs Promotion for Credit Risk Executive

Published: Feb. 25, 2026 6:02 p.m. GMT+8

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Zhao Yuanxin

China Citic Bank Corp. Ltd. (601998.SH) is considering Zhao Yuanxin, general manager of its credit execution department, for a promotion, according to people familiar with the matter.

Zhao, a longtime Citic banker in his early 50s, is undergoing internal procedures for a potential elevation, the people told Caixin.

He previously led major branches in Nanchang, Suzhou and Shanghai before taking charge of the credit execution department last year. The unit centralizes credit approval and post-lending risk management.

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China Citic Bank is considering promoting Zhao Yuanxin, current credit execution department head.
Zhao, in his early 50s, previously led branches in Nanchang, Suzhou, and Shanghai.
The bank, with assets over 10 trillion yuan ($1.4 trillion), faces a corruption probe involving Jiang Yulin, its Shanghai audit center head.

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Who’s Who

China Citic Bank Corp. Ltd.: China Citic Bank Corp. Ltd. (601998.SH) is a large lender with over 10 trillion yuan ($1.4 trillion) in assets. They are considering promoting Zhao Yuanxin, current general manager of their credit execution department. This consideration comes amid a corruption investigation involving Jiang Yulin, general manager of Citic Bank's Shanghai audit center.

Zhejiang Cultural Industry Investment Group Co. Ltd.: The Zhejiang Cultural Industry Investment Group Co. Ltd. is a state-owned entity. Its general manager, Jiang Guoxing, is currently under investigation. This investigation may be linked to a corruption probe involving Jiang Yulin, general manager of Citic Bank’s Shanghai audit center.

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