Nan Fang Du Shi Bao·2025-05-29 06:08Core Insights - The recent appointment of Lu Ming as the head of Shanghai Branch marks a significant leadership change within China Merchants Bank (CMB), particularly in its three major branches in Shenzhen, Beijing, and Shanghai, which are often referred to as "three special branches" [2][3] Group 1: Leadership Changes - Lu Ming has been appointed as the Party Committee Member, Secretary, and President of the Shanghai Branch, succeeding Lei Caihua, who will no longer hold these positions [2] - Lu Ming previously served as the Deputy President and Discipline Inspection Secretary of the Shenzhen Branch and was the President of the Ningbo Branch before this appointment [2] - The leadership changes in these key branches indicate a strategic focus on enhancing CMB's operational effectiveness in major financial hubs [2][3] Group 2: Branch Performance and Structure - The Shanghai Branch has 104 sub-branches with an asset scale of approximately 492.8 billion yuan, while the Shenzhen Branch has 117 sub-branches with assets of about 560.7 billion yuan, and the Beijing Branch leads with 131 sub-branches and assets of around 563.8 billion yuan [3][4] - The Beijing Branch is noted for having the largest asset scale among the three branches, highlighting its importance within CMB's overall structure [3] - The recent leadership changes may lead to further adjustments in the management hierarchy, particularly with the potential elevation of Lu Ming and Wang Xinghai to higher executive roles within the bank [4]