Core Points - The core point of the news is the resignation of Zhong Desheng as the Chief Risk Officer of China Merchants Bank (CMB), effective October 31, 2025, due to work reasons, while he will continue to serve in other capacities within the bank [4][6] - Xu Mingjie, the current Vice President of CMB, has been appointed as the new Chief Risk Officer [6] Group 1 - Zhong Desheng's resignation as Chief Risk Officer was officially announced on October 31, 2023, and he will remain in the bank and its subsidiaries [4][6] - Xu Mingjie, born in September 1968, has a background in engineering and economics, and has held various positions within CMB since joining in September 1995 [6][8] - The board of directors of CMB expressed high appreciation for Zhong Desheng's contributions during his tenure as Chief Risk Officer [6] Group 2 - Xu Mingjie's term as Chief Risk Officer will last until the end of the current board's term, pending approval from the National Financial Regulatory Administration [6] - Xu Mingjie has previously served in multiple roles, including General Manager of the Risk Management Department and Assistant to the President [8]
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