Hangzhou Bank appoints Vice President Wang Lixiong as Chief Compliance Officer

On the evening of March 23, Hangzhou Bank announced that the board of directors approved the appointment of Wang Lixiong as the company’s Chief Compliance Officer, with a term until the expiration of the eighth board of directors; this appointment is subject to approval from the Zhejiang Regulatory Bureau of the National Financial Supervisory Administration.

Author | Bian Wanli

Editor | Yang Xi, Xiao Jia

Typesetting | Huang Yue

On the evening of March 23, Hangzhou Bank announced that the board of directors approved the appointment of Wang Lixiong as the company’s Chief Compliance Officer, with a term until the expiration of the eighth board of directors; this appointment is subject to approval from the Zhejiang Regulatory Bureau of the National Financial Supervisory Administration. Wang Lixiong was born in November 1972, holds a master’s degree in project management, and is a senior economist. He currently serves as a member of the party committee and vice president of Hangzhou Bank. As a seasoned practitioner with many years in the banking industry, his career experience spans the bank’s core business lines and management positions.

Public resumes show that Wang Lixiong has successively served as the vice president of the Baochu Branch of Hangzhou Bank, deputy general manager of the corporate business department, deputy general manager of the credit management department, deputy general manager of the credit approval department (acting), president of the Xiaoshan branch, general manager of the corporate business headquarters, general manager of the international business department, party secretary of the Shanghai branch, and president of the Shanghai branch, among others. In 2017, Wang Lixiong was appointed as vice president of Hangzhou Bank; in 2023, he took on the role of chairman of the supervisory board.

Prior to his appointment as Chief Compliance Officer, Wang Lixiong had completed a round of position adjustments. On December 17, 2023, Hangzhou Bank issued multiple announcements, stating that the board of directors approved the proposal to abolish the supervisory board. Due to the adjustment of positions, Wang Lixiong resigned from the roles of chairman of the eighth supervisory board, employee supervisor, and member of the supervisory committee, but continued to serve as a member of the party committee; on the same day, the company’s board of directors appointed him as vice president. On February 27, the Zhejiang Financial Regulatory Bureau approved Wang Lixiong’s qualifications as vice president.

This appointment of the Chief Compliance Officer is also highly aligned with regulatory policy requirements. In December 2024, the National Financial Supervisory Administration officially released the “Compliance Management Measures for Financial Institutions,” which clearly requires financial institutions to establish a Chief Compliance Officer at their headquarters, and this position must be held by senior management personnel. It also allows the president (general manager) or other qualified senior management personnel to concurrently hold this position.

Currently, the setting of Chief Compliance Officers in the banking industry shows flexible and diverse characteristics. In addition to dedicated appointments, concurrent positions held by existing senior management personnel have become the mainstream model, covering positions such as vice president, assistant to the president, and chief risk officer, with several banks having the president concurrently holding this position to enhance the decision-making level and execution efficiency of compliance management.

Industry experts state that the establishment of a Chief Compliance Officer is not merely an addition of a position, but a deep restructuring of corporate governance and risk control systems in the banking industry. Incorporating the Chief Compliance Officer into the senior management team can significantly enhance the influence and independence of compliance work, promoting compliance requirements to be deeply embedded in all business processes and operational decision-making links, thus preventing compliance risks from the source.

On January 24, Hangzhou Bank released its performance report for 2025. As of December 31, 2025, Hangzhou Bank’s total assets reached 23,649.02 billion yuan, an increase of 11.96% compared to the end of the previous year. In 2025, Hangzhou Bank achieved operating income of 38.799 billion yuan, a year-on-year increase of 1.09%; it achieved a net profit attributable to shareholders of listed companies of 19.030 billion yuan, a year-on-year increase of 12.05%.

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