Sou Hu Cai Jing·2025-11-18 07:41Core Viewpoint - Zhejiang Commercial Bank has appointed Chen Haiqiang as the new chairman after a four-month vacancy following the resignation of the previous chairman, Lu Jianqiang, due to age [1][3]. Group 1: Leadership Transition - Chen Haiqiang has been promoted from within the bank, marking a significant shift as he is the first internally promoted chairman since the bank's establishment [3]. - Prior to his appointment, Chen served in various roles within the bank, including as the Chief Risk Officer and Deputy President, showcasing his extensive experience and understanding of the bank's operations [1][3]. Group 2: Strategic Adjustments - The bank is currently undergoing a strategic adjustment, focusing on quality over scale, with an emphasis on low-risk and balanced returns [5]. - Chen Haiqiang has acknowledged the challenge of maintaining high-quality development in a low-interest-rate environment, indicating a proactive approach to the bank's future [5]. Group 3: Financial Performance - As of September 30, the bank's total assets reached 3.39 trillion yuan, reflecting a year-on-year increase of 1.91% [5]. - The bank reported a total revenue of 48.93 billion yuan for the first nine months of 2025, with a net profit attributable to shareholders of 11.67 billion yuan, representing declines of 6.78% and 9.59% respectively [6]. - The bank's non-performing loan ratio stood at 1.36%, a slight decrease from the previous year, indicating improved asset quality [7].