Xin Lang Cai Jing·2025-10-09 09:30Leadership Changes - The president of China Merchants Bank's (CMB) Beijing branch has changed, with Xu Mingjie serving as acting president from January 2024 to September 2025, following the departure of Zhang Cheng [1][2] - Cui Jiakun, the president of CMB's Guangzhou branch, is set to take over as the new president of the Beijing branch [1][2] - Xu Mingjie was promoted to vice president of CMB in June 2024 after serving as the acting president of the Beijing branch [2] Asset Scale - By the end of 2024, CMB's Beijing branch is expected to surpass the Shenzhen branch, becoming the largest branch of the bank, with an asset scale of 584.477 billion yuan, exceeding Shenzhen's by 5.634 billion yuan [2] Branch Management Changes - CMB has seen leadership changes in its second and third largest branches this year, with Wang Xinghai approved as the president of the Shenzhen branch in January and Lu Ming taking over the Shanghai branch in May [2] New Company Establishment - CMB is in the process of establishing the China Merchants Bank Financial Asset Investment Company (AIC), with a registered capital of 15 billion yuan, which is expected to enhance the bank's capabilities in market-oriented debt-to-equity swaps and equity investment pilot businesses [5][10] - The AIC's preparatory team is led by Zheng Xinying, the general manager of the investment banking department, with other key positions filled by senior executives from various departments [6][7][8] Investment Banking Performance - In the first half of 2025, CMB underwrote debt financing tools totaling 274.295 billion yuan, ranking first in the market for perpetual bonds and technology innovation bonds [10]