Sou Hu Cai Jing·2026-01-09 08:40Core Viewpoint - After nearly a year of transitional governance, Chongqing Rural Commercial Bank (渝农商行) has officially appointed Liu Xiaojun as its chairman, marking a significant leadership change for the bank with over one trillion in assets [1][11]. Group 1: Leadership Transition - Liu Xiaojun has been approved as the chairman of Chongqing Rural Commercial Bank, effective from January 8, 2026, after a lengthy waiting period of nine months since he took on the role of party secretary in March 2025 [1][5]. - Liu Xiaojun, born in December 1976, has a strong background in finance, starting his career at China Construction Bank and later moving to CITIC Trust, where he spent 18 years [3][4]. - The bank experienced a prolonged "temporary state" of governance, with Liu Xiaojun's formal appointment being delayed, which created challenges for compliance and daily operations [6][7]. Group 2: Governance Challenges - During the interim period, the bank's president, Sui Jun, had to assume additional responsibilities, acting as both chairman and secretary, which violated regulatory guidelines regarding the duration of such arrangements [7][8]. - The prolonged vacancy of the chairman position reflects a broader trend of instability within the bank's management, with four leadership changes occurring in just over three years [8][11]. - The bank's governance issues were exacerbated by the departure of several senior executives, including a significant incident involving former vice president Shu Jing, who was dismissed for serious violations [9][10]. Group 3: Management Team Restructuring - In response to the leadership changes, Chongqing Rural Commercial Bank has been restructuring its executive team, promoting internal talent and bringing in experienced external professionals to strengthen its management [10]. - The new team includes individuals familiar with the bank's operations and culture, as well as seasoned executives from other financial institutions [10].