Nan Fang Du Shi Bao·2025-06-06 12:24Core Viewpoint - The appointment of Xu Mingjie as the Vice President of China Merchants Bank has been approved by the National Financial Regulatory Administration, marking a significant leadership change within the bank [2][3]. Group 1: Leadership Changes - Xu Mingjie, born in September 1968, has nearly 30 years of experience at China Merchants Bank, having held various key positions in corporate finance, investment banking, credit execution, and risk management [3]. - Xu was appointed as the Vice President of China Merchants Bank following the approval of his qualifications by regulatory authorities, officially taking on the role after serving as an assistant to the president and the head of the Beijing branch [3][5]. - The bank's executive structure now consists of one president and five vice presidents, with Xu Mingjie joining the ranks alongside other vice presidents including Wang Xiaoqing, Wang Ying, Peng Jiawen, and Lei Caihua [5]. Group 2: Financial Performance - As of the end of Q1 2024, China Merchants Bank reported a revenue of 83.751 billion yuan, a year-on-year decrease of 3.09%, and a net profit attributable to shareholders of 37.286 billion yuan, down 2.08% year-on-year [5]. - The bank's net interest income was 52.996 billion yuan, reflecting a year-on-year increase of 1.92%, while non-interest income was 30.755 billion yuan, showing a decline of 10.64% year-on-year [5]. - The non-performing loan balance stood at 66.743 billion yuan, an increase of 1.133 billion yuan from the previous year, with a non-performing loan ratio of 0.94%, a slight decrease of 0.01 percentage points [6].