Xin Lang Cai Jing·2026-03-11 09:55Core Insights - The appointment of Sun Xuan as the new General Manager of the Data Management Department at the Bank of China marks a significant leadership change aimed at enhancing the bank's digital transformation efforts [3][11][12] - The Bank of China's digital financial layout has begun to show results, with nearly 100 million monthly active users on its mobile banking platform as of mid-2025, reflecting a year-on-year growth of 11.59% [6][17] Leadership Change - Sun Xuan, previously the General Manager of the Security Department, is set to lead the Data Management Department and the Digital Asset Operation Center, succeeding Wang Shihui [3][11] - The Data Management Department, which was renamed from the Digital Asset Management Department in early 2025, plays a crucial role in the bank's digital strategy [5][6] Organizational Structure and Strategy - The Data Management Department focuses on data asset management, quality control, and the construction of data platforms, supporting the bank's digital transformation strategy [5][14] - The Bank of China has undergone several organizational adjustments in recent years to enhance its digital capabilities, including the establishment of a Digital Financial Committee and the creation of a multi-tiered technology finance organizational structure [15][16] Digital Financial Action Plan - In 2024, the Bank of China developed a comprehensive Digital Financial Action Plan to advance its digital financial initiatives, emphasizing five key capabilities: data technology, digital operation management, digital service enhancement, intelligent risk control, and global competitive advantages [16] - The bank aims to integrate digital finance deeply into its "14th Five-Year Plan," focusing on supporting national strategies and the real economy [16] Technological Innovations - The Bank of China positions itself as a partner in innovation and ecosystem co-creation, launching initiatives like the "Zhongyin Sci-Tech Innovation Customer Cultivation Plan" with a dedicated fund of 60 billion yuan [17] - The bank is also advancing cross-border financial services, including the implementation of digital RMB payment systems in countries like Laos and Singapore [17] Performance Metrics - As of June 2025, the Bank of China's mobile banking platform reported 97.93 million monthly active users, with a significant increase in digital RMB consumption, establishing a competitive edge in the market [17][18] - The bank has introduced a 24/7 clearing mechanism for domestic peers, enhancing the financial management capabilities of enterprises expanding internationally [17]