Core Viewpoint - The article discusses the recent leadership changes at Zheshang Bank and highlights the challenges faced by the bank in comparison to its competitors, particularly Ningbo Bank and Hangzhou Bank, which have surpassed it in key financial metrics [3][5][7]. Group 1: Leadership Changes - On November 17, Zheshang Bank announced the nomination of Chen Haiqiang as the new chairman, marking the first internal promotion to this position in the bank's 21-year history [3]. - Chen Haiqiang has rapidly ascended through the ranks, moving from Chief Risk Officer to President and now to Chairman within a few months [3][5]. Group 2: Financial Performance Comparison - Zheshang Bank has fallen behind in several key financial indicators, including total assets, operating income, net profit attributable to shareholders, non-performing loan ratio, and provision coverage ratio, compared to Ningbo Bank and Hangzhou Bank [5][7]. - In 2019, Ningbo Bank's net profit was 137.14 billion yuan, while Zheshang Bank's was 129.25 billion yuan. By 2024, the gap had widened to 119.41 billion yuan, with a 107.77 billion yuan deficit reported in the first three quarters of this year [7][8]. - As of the first quarter of this year, Ningbo Bank's operating income surpassed that of Zheshang Bank for the first time, and by June, its total assets reached 3.47 trillion yuan, also exceeding Zheshang Bank [9]. Group 3: Profitability and Asset Quality - Zheshang Bank's net profit has declined by 9.59% in the first three quarters of this year, with a significant drop of 18.45% in the third quarter alone, while both Ningbo Bank and Hangzhou Bank have maintained steady growth [10]. - The bank's non-performing loan ratio has decreased from 1.53% in 2021 to 1.36% in the third quarter of 2025, but its provision coverage ratio has dropped to 159.56%, significantly lower than its competitors [12]. Group 4: Internal Control and Reputation Challenges - Zheshang Bank has faced a series of corruption scandals involving high-ranking officials, which have tarnished its reputation. The bank has received 20 regulatory fines this year, totaling over 46 million yuan [15][16]. - Chen Haiqiang's immediate tasks include optimizing internal controls and restoring the bank's reputation, alongside addressing existing risk assets [14][16].