券商中国·2025-07-08 11:29Core Viewpoint - The approval of new executive appointments in several banks, particularly the promotion of internal candidates, is seen as a strategy to maintain stability and drive innovation within the banking sector [2][3][12]. Group 1: Executive Appointments - The National Financial Regulatory Administration has approved the appointment of Chen Haiqiang as the president of Zhejiang Commercial Bank, along with several other executives from various joint-stock banks [2][4]. - Chen Haiqiang, aged 50, has extensive experience in banking, having worked at major institutions such as ICBC, China Development Bank, and China Merchants Bank before joining Zhejiang Commercial Bank in 2015 [5][6]. - The recent appointments reflect a trend where many executives are promoted from within their organizations, which is believed to enhance strategic stability and foster innovation [3][12][18]. Group 2: Internal Promotions - Since June, six executives from four joint-stock banks have had their appointments approved, with most being internal promotions [12]. - Notable appointments include Xu Mingjie as vice president of China Merchants Bank and Zhang Kai as vice president of Guangfa Bank, both of whom have long tenures within their respective banks [13][14]. - The trend of internal promotions is contrasted with smaller banks that often seek external candidates, highlighting a difference in strategic approaches between mature and growing institutions [16][19]. Group 3: Strategic Implications - Internal promotions are believed to strengthen corporate culture and ensure continuity in strategic direction, which is crucial for long-term success [18]. - The focus on internal talent is seen as a way to align decision-making with actual business needs, reducing the risks associated with external hires who may lack familiarity with the organization [17]. - Analysts suggest that the internal promotion strategy reflects a "stability first" approach for joint-stock banks, while smaller banks prioritize "breakthrough first" strategies during their growth phases [19].