Nan Fang Du Shi Bao·2025-04-17 08:13Core Viewpoint - Guangfa Bank is set to hold its second extraordinary general meeting of shareholders for 2025 on April 28, where the election of Cai Xiliang as a director of the bank's tenth board will be reviewed [2] Group 1: Leadership Changes - Cai Xiliang, the chairman of China Life Insurance, is expected to be elected as the chairman of Guangfa Bank, following the resignation of the previous chairman, Bai Tao [2][3] - Cai Xiliang has a strong background in finance, having held various significant positions, including vice chairman and general manager of China Export & Credit Insurance Corporation and vice president of CITIC Group [3] Group 2: Strategic Focus - At a meeting on January 17, Cai emphasized the need for Guangfa Bank to strengthen its unique features and improve its structure, aiming to become a key player in China Life's high-quality development and a vital part of comprehensive finance [5] - The strategic focus includes enhancing market competitiveness in the Bay Area, promoting collaborative development, deepening reforms, and ensuring risk prevention [5] Group 3: Financial Performance - In the previous year, Guangfa Bank reported a revenue of 68.796 billion yuan, a decrease of 0.65% compared to 2023, with net profit falling by 4.98% to 15.006 billion yuan [5] - As of the end of last year, the bank's total assets reached 3.644197 trillion yuan, an increase of 3.86% from the end of 2023, with a capital adequacy ratio of 14.65%, up by 1.81 percentage points [6] - The bank's non-performing loan ratio improved to 1.53%, down from 1.58% in 2023, marking a continuous decline over two years [6]