FINANCE

Exclusive: Lü Tiangui Seen as Next China Citic Bank President

Published: May. 19, 2026 1:27 p.m. GMT+8

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Lü Tiangui

Citic Trust Co. Ltd. Chairman Lü Tiangui has returned to China Citic Bank Corp. Ltd. (601998.SH) as deputy Communist Party chief, Caixin has learned.

Citic Bank announced the banking veteran’s appointment at a meeting Tuesday, people familiar with the matter said. After completing required procedures, he is expected to become president.

The position has remained vacant since former President Lu Wei left nearly five months ago for senior roles at Postal Savings Bank of China Co. Ltd. (601658.SH).

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Lv Tiangui returns to China Citic Bank as deputy party chief, expected to become president.
The post was vacant for nearly five months after former President Lu Wei left.
Lv previously held senior roles at Citic Bank before moving to Citic Trust in early 2025.

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Who’s Who

Citic Trust Co. Ltd.: Citic Trust Co. Ltd. is a Chinese trust company and part of the Citic Group. Its chairman, Lü Tiangui, moved to Citic Trust in early 2025 from a vice president role at Citic Bank. He has since returned to Citic Bank as deputy Communist Party chief, expected to become president.

China Citic Bank Corp. Ltd.: China Citic Bank Corp. Ltd. (601998.SH) is one of China's largest joint-stock commercial lenders with over 10 trillion yuan ($1.5 trillion) in assets. Recently, Lv Tiangui returned as deputy Communist Party chief and is expected to become president, replacing former President Lu Wei.

Postal Savings Bank of China Co. Ltd.: Postal Savings Bank of China Co. Ltd. (601658.SH) is a major Chinese bank. Former Citic Bank President Lu Wei left Citic nearly five months prior to the article's date to assume senior roles at this institution.

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