Hengfeng bank’s ＂helm＂ changed, and Xin Shuren, 56, former director of Shandong Provincial Bureau of Statistics, took over as chairman.

Reporter Yan Zeng Yanglin

Hengfeng bank will welcome a new chairman.

On January 19th, the interface journalist noticed that hengfeng bank official website updated the list of the board of directors, and Xin Shuren was proposed as the chairman and executive director. According to a person close to hengfeng bank,Xin Shuren was appointed as Party Secretary of hengfeng bank on January 18th, and will be the chairman of the bank after completing relevant procedures.

According to the public resume, Xin Shuren, born in February 1966, is 56 years old, with a postgraduate degree and a doctorate in economics. Xin Shuren has rich financial experience. He worked in Jinan Branch of China People’s Bank for many years before. From July 2000 to January 2012, he successively served as deputy director of the Statistics Research Department, director of the Investigation and Statistics Department, director of the Organization Department of the Party Committee, director of the Personnel Department, member of the Party Committee and secretary of the Disciplinary Committee (deputy bureau level) of Jinan Branch of China People’s Bank.

In 2012, Xin Shuren was transferred from Jinan to Qingdao, where he became the president, party secretary and director (deputy department level) of Qingdao Branch of the People’s Bank of China. During his tenure in Qingdao, Xin Shuren was elected as the representative of the 15th Qingdao Municipal People’s Congress, and served as a member of the Standing Committee of Qingdao Municipal People’s Congress and deputy director of the Financial and Economic Committee of the Municipal People’s Congress.

In June 2016, Xin Shuren returned to Jinan again and became a member of the Party Group of the General Office of the Shandong Provincial People’s Government. One month later, he became the Deputy Secretary General of the Shandong Provincial Government and a member of the Party Group of the General Office. In June 2020, he was promoted to Party Secretary and Director of Shandong Provincial Bureau of Statistics, presided over the overall work of Shandong Provincial Bureau of Statistics, and was in charge of the office and personnel department until he was transferred to hengfeng bank.

Chen Ying, former chairman of hengfeng bankThe next stop may be the director of Shandong local financial supervision bureau.On January 7, the Organization Department of Shandong Provincial Party Committee announced the announcement of cadres’ pre-appointment, and publicized the situation of cadres to be appointed.. Among them, Chen Ying, former Party Secretary and Chairman of hengfeng bank, is on the list of cadres to be appointed.

It is worth mentioning that at present, the positions of President hengfeng bank and the Chairman of the Board of Supervisors are still vacant.In August 2022, Wang Xifeng, the former president of hengfeng bank, resigned as the president of the bank due to job changes.. On January 17, Wang Xifeng’s qualification as the chairman of Qingdao Rural Commercial Bank was approved by the regulatory authorities.In December 2022, Zhang Shumin, Chairman of the Board of Supervisors of the Bank, also resigned as Chairman of the Board of Supervisors and Employee Supervisor due to job changes.

According to public information, hengfeng bank is one of the 12 joint-stock commercial banks in China, formerly known as Yantai Housing Savings Bank established in 1987. In 2003, with the approval of the People’s Bank of China, it was restructured into hengfeng bank Co., Ltd. In 2019, the market-oriented reform of shares was completed, and Central Huijin Company became the largest shareholder. By the end of 2021, the shareholding ratio of Central Huijin Company, the major shareholder, was 53.95%, and the second largest shareholder was Shandong Financial Asset Management Co., Ltd., with a shareholding ratio of 32.37%.

Headquartered in Jinan, Shandong Province, hengfeng bank has 319 branches all over the country, including 19 tier-one branches in Qingdao, Jinan, Nanjing, Hangzhou, Chengdu, Chongqing, Yantai, Fuzhou, Kunming, Xi ‘an, Ningbo, Beijing, Shanghai, Zhengzhou, Changsha, Wuhan, Guangzhou, Shenzhen and Hefei, one branch directly under the head office in Suzhou and a capital operation center in Shanghai.

Performance data shows that in 2021, hengfeng bank’s operating income was 23.879 billion yuan, a year-on-year increase of 13.56%; The net profit attributable to shareholders of the bank was 6.381 billion yuan, a year-on-year increase of 20.17%. By the end of 2021, the bank’s total assets reached 1,217.259 billion yuan, an increase of 9.25% over the end of last year; The non-performing loan ratio was 2.12%, a decrease of 0.55 percentage points from the end of last year; The provision coverage ratio was 151.56%, an increase of 1.19 percentage points over the end of last year.