2 1 Shi Ji Jing Ji Bao Dao·2025-11-01 11:48Core Viewpoint - China Merchants Bank announced the resignation of Chief Risk Officer Zhong Desheng and the appointment of Xu Mingjie as the new Chief Risk Officer, effective from the regulatory approval date until the end of the current board term [1][3]. Group 1: Management Changes - Zhong Desheng submitted his resignation as Chief Risk Officer due to work reasons, effective October 31, 2025 [1]. - Xu Mingjie, who recently returned to the head office as a vice president, will take over the risk management division [1][4]. - Zhong Desheng's current roles have been clarified to "Party Deputy Secretary, Executive Director," with no longer holding the Chief Risk Officer position [3]. Group 2: Background of Executives - Xu Mingjie has prior experience as the General Manager of the Risk Management Department at China Merchants Bank and has returned to oversee the risk sector after serving as the head of the Beijing branch [4][6]. - Xu Mingjie joined China Merchants Bank in September 1995 and has held various positions, including Assistant General Manager of the Corporate Finance Products Department and General Manager of the Investment Banking Department [6]. - The current executive lineup of China Merchants Bank consists of one president and four vice presidents, with Xu Mingjie responsible for the risk management area [6].