Hangzhou Bank appoints Vice President Wang Lixiong as Chief Compliance Officer

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2026-03-28 00:34:47

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Every Daily reporter | Pan Ting　　Every Daily editor | Bi Luming

On the evening of March 23, Hangzhou Bank (SH600926, share price, total market value) issued an announcement stating that the board of directors reviewed and approved the appointment of Wang Lixiong as the bank’s Chief Compliance Officer, with a term until the expiration date of the eighth session of the board of directors. The appointee’s qualifications are subject to approval by the Zhejiang Office of the National Financial Regulatory Administration. Meanwhile, the five-year strategic plan (2026—2030) was also approved.

On March 23, Hangzhou Bank convened the 25th meeting of the second session of the eighth board of directors and passed multiple important resolutions. The key decisions of the meeting included approving the 《Hangzhou Bank Five-Year Strategic Plan (2026—2030)》, setting the direction for the bank’s development over the next five years. In addition, the board agreed to revise the working rules for various special committees under the board of directors of Hangzhou Bank, the Administrative Measures for Related-Party Transactions, and the Administrative Measures for External Equity Investment. It also formulated the 《Administrative Measures for the Management of Information Disclosure Delays and Exemptions》. The revisions to the Administrative Measures for Related-Party Transactions still need to be submitted to the shareholders’ meeting for deliberation.

In terms of personnel appointments, the board agreed to appoint Wang Lixiong as the bank’s Chief Compliance Officer, and his qualifications are still subject to approval by the Zhejiang Office of the National Financial Regulatory Administration. The board also agreed to add Zhao Jun as a member of the audit committee of the bank’s eighth board of directors, with a term until the expiration date of the eighth session of the board of directors.

According to publicly available information, Wang Lixiong previously served as Assistant President and Deputy President of the Baoqi Branch of Hangzhou Bank, Deputy General Manager of the Corporate Business Department, Deputy General Manager of the Credit Management Department, and Deputy General Manager of the Credit Granting Approval Department (in charge of work). He also served as President of the Xiaoshan Branch, General Manager of the Corporate Business Headquarters, and General Manager of the International Business Department. He served as Party Secretary and President of the Shanghai Branch, Deputy President of Hangzhou Bank, and Chairman of the Supervisory Board of Hangzhou Bank.

The reporter noted that recently, the president and deputy presidents of Hangzhou Bank have both undergone adjustments. On March 2, the Zhejiang Office of the National Financial Regulatory Administration approved Zhang Jingke’s appointment as president. On February 25, the Zhejiang Office of the National Financial Regulatory Administration issued a reply approving Wang Lixiong’s appointment as Deputy President of Hangzhou Bank.

Hangzhou Bank’s 2025 annual performance quick report shows that 2025 is the closing year of the bank’s 2021—2025 strategic plan (the “2255” strategy). Focusing on the main theme of “strictly governing the institution, serving customers, and pursuing transformation and development,” and putting customers at the center, putting those who strive first, and using reform and innovation as the driving force, the bank proactively responded to various risk challenges and successfully completed the “2255” strategic major objectives, laying a solid foundation for the smooth implementation of the next five-year strategic plan.

During the reporting period, Hangzhou Bank achieved operating income of 38.799 billion yuan, up 1.09% year over year; net profit attributable to shareholders of listed companies was 19.03 billion yuan, up 12.05% year over year. The profit structure continued to improve. Net interest income was 27.594 billion yuan, up 12.83% year over year, maintaining the growth momentum seen in the third quarter. The growth rate of intermediary business increased steadily. Net fee and commission income was 4.207 billion yuan, up 13.10% year over year.

During the reporting period, Hangzhou Bank’s total assets were 2,364.902 billion yuan, up 11.96% from the end of the previous year. Total loans were 1,071.876 billion yuan, up 14.33% from the end of the previous year. Total deposits were 1,440.579 billion yuan, up 13.20% from the end of the previous year. In terms of asset quality, as of the end of 2025, Hangzhou Bank’s non-performing loan ratio was 0.76%, flat with the end of the previous year; the allowance coverage ratio was 502.24%, down 39.21 percentage points from the end of the previous year.

Hangzhou Bank’s appointment of a Chief Compliance Officer is an active adjustment under regulatory policy.

In December 2024, the National Financial Regulatory Administration formally issued the 《Measures for the Compliance Management of Financial Institutions》, clearly requiring financial institutions to establish a Chief Compliance Officer at their headquarters. The position must be held by a senior management executive, while also allowing the president (general manager) or other qualifying senior management executives to serve concurrently.

The reporter noted that since 2026, more than 30 listed banks, including Ping An Bank, Industrial Bank, and Qilu Bank, have hired Chief Compliance Officers. In most cases, the role is concurrently held by the president or a deputy president, and they also have experience in risk-control management.

For example, Wu Lei Ming, Chief Compliance Officer of Ping An Bank, previously served as Credit Approval Executive Officer, Deputy President, Risk Director, and other roles at Ping An Bank’s Zhengzhou Branch. Chen Song, Chief Compliance Officer of Xiamen Bank, previously served as a department-office manager in the Risk Management Department of Industrial Bank.

In addition, among state-owned large banks, Bank of China, Agricultural Bank of China, Bank of Communications, and China Construction Bank have all completed the appointment of their Chief Compliance Officers.

Cover image source: Economic Daily News

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