Guan Cha Zhe Wang·2025-11-17 13:52Core Viewpoint - Zhejiang Zheshang Bank has appointed Chen Haiqiang as the new Party Secretary and proposed him as the Chairman, following the resignation of the previous chairman due to age reasons. The bank's performance in the first three quarters of the year showed some fluctuations, but overall results aligned with the bank's strategic goals for high-quality development [1][3]. Group 1: Leadership Changes - Chen Haiqiang has been appointed as the Party Secretary of Zhejiang Zheshang Bank and is nominated for the position of Chairman [1]. - Chen Haiqiang, born in October 1974, holds a master's degree and has extensive experience in various leadership roles within the bank and other financial institutions [2]. Group 2: Financial Performance - As of the end of the third quarter, Zhejiang Zheshang Bank reported total assets of 33,890.12 billion RMB, an increase of 634.73 billion RMB or 1.91% from the previous year [3]. - The bank's total liabilities reached 31,822.78 billion RMB, up by 594.82 billion RMB or 1.90% year-on-year, with total loans and advances amounting to 18,962.72 billion RMB, an increase of 391.56 billion RMB or 2.11% [3]. - The bank's operating income for the first three quarters was 489.31 billion RMB, a decrease of 35.60 billion RMB or 6.78% year-on-year, with net profit attributable to shareholders at 116.68 billion RMB, down by 12.37 billion RMB or 9.59% [4]. Group 3: Asset Quality and Capital Adequacy - The non-performing loan balance stood at 256.61 billion RMB, with a non-performing loan ratio of 1.36%, a slight decrease of 0.02 percentage points from the previous year [4]. - The capital adequacy ratio was reported at 12.15%, down by 0.46 percentage points, while the core tier 1 capital adequacy ratio increased slightly to 8.40% [4]. Group 4: Market Position - Zhejiang Zheshang Bank has established 369 branches across 22 provinces and regions, effectively covering key economic areas in China [6]. - The bank ranked 82nd in the "2025 Global Banking 1000" list by The Banker magazine based on tier 1 capital and received the highest AAA credit rating from China Chengxin International [6].