Nan Fang Du Shi Bao·2025-10-13 12:19Core Viewpoint - The recent leadership change at China Merchants Bank (CMB) involves the appointment of Cui Jiakun as the new head of the Beijing branch, indicating a strategic shift within the bank's top-tier branches [2][5]. Leadership Changes - Cui Jiakun has been appointed as the head of the Beijing branch, transitioning from his previous role as the head of the Guangzhou branch [2][5]. - Xu Mingjie, the former head of the Beijing branch, will no longer hold this position, having served from January 2024 to September 2025 [2][6]. - This change completes the leadership appointments for CMB's three major branches: Beijing, Shenzhen, and Shanghai [2][5]. Branch Performance - As of mid-2025, the asset scale of the Beijing branch reached 584.48 billion, surpassing the Shenzhen branch's 578.84 billion and the Shanghai branch's 519.34 billion [5][6]. - The Beijing branch serves nearly 14 million retail customers and approximately 350,000 corporate clients, with total assets exceeding 1.5 trillion [6]. - The Shenzhen branch, also established in 1994, serves 15.78 million retail customers and 312,000 corporate clients, with self-operated deposits of 1.05 trillion and general loans nearing 570 billion [6]. Organizational Structure - The leadership structure may see changes following Xu Mingjie's departure from the Beijing branch, with four vice presidents currently overseeing different sectors [6][7]. - The total number of employees at CMB is close to 120,000, with a slight increase in staff numbers reported in the latest half-year report [7].