券商中国·2025-11-18 06:23Core Viewpoint - The appointment of Chen Haiqiang as the new chairman of Zhejiang Commercial Bank is expected to enhance the bank's strategic stability and long-term value during a critical period of development [1][4][5]. Leadership Transition - Chen Haiqiang has been appointed as the party secretary and nominated as the chairman of Zhejiang Commercial Bank after a four-month vacancy following the resignation of the previous chairman, Lu Jianqiang [1][3][4]. - Chen has extensive experience in the financial industry, having joined Zhejiang Commercial Bank in 2015 and held various leadership positions, including vice president and party deputy secretary [5][7]. Strategic Focus - Chen emphasizes a "long-termism" approach, advocating for sustainable growth over short-term gains. He has outlined three key adjustments in the bank's operations: prioritizing quality over scale, focusing on low-risk and balanced returns, and shifting from single-item revenue to comprehensive revenue through scenario-based strategies [8][10]. - The bank aims to avoid the pitfalls of prioritizing scale and short-term profits, instead focusing on long-term value creation [8][10]. Financial Performance - As of the end of September, Zhejiang Commercial Bank reported total assets of 3.39 trillion yuan, with a net profit of 11.67 billion yuan for the first three quarters of the year, indicating stable fundamentals [10][11]. - The bank's non-performing loan ratio improved to 1.36%, down 0.02 percentage points from the beginning of the year, reflecting a positive trend in asset quality [11]. Shareholder Dynamics - The number of ordinary shareholders has decreased for eight consecutive quarters, suggesting a concentration of shareholding [12]. - In August, Minsheng Insurance increased its stake in the bank's H-shares, which now exceed 5% of the total H-share capital, indicating growing interest from institutional investors [13].