Nan Fang Du Shi Bao·2025-10-31 12:38Core Viewpoint - China Merchants Bank announced the resignation of Chief Risk Officer Zhong Desheng and appointed Xu Mingjie as the new Chief Risk Officer, effective from October 31, 2025 [2][3] Group 1: Leadership Changes - Zhong Desheng resigned due to work reasons, with his term originally set to end on June 24, 2028 [2] - Xu Mingjie has been with China Merchants Bank for 30 years and was appointed as Chief Risk Officer after serving as Vice President since June 2025 [2][3] Group 2: Financial Performance - For the first three quarters, China Merchants Bank reported operating income of 251.42 billion yuan, a year-on-year decrease of 0.51%, and a net profit attributable to shareholders of 113.77 billion yuan, a year-on-year increase of 0.52% [4] - As of the end of September, the non-performing loan balance was 67.43 billion yuan, an increase of 1.81 billion yuan from the end of the previous year, with a non-performing loan ratio of 0.94%, down 0.01 percentage points [4] Group 3: Loan Quality - The non-performing loan ratio for corporate loans was 0.82%, down 0.19 percentage points from the end of the previous year, while the retail loan non-performing loan ratio was 1.05%, up 0.07 percentage points [5] - The non-performing loan ratio for small and micro loans was 1.11%, up 0.32 percentage points, while the personal housing loan non-performing loan ratio was 0.45%, down 0.03 percentage points [5]