On the evening of October 29, hua xia bank announced that the regulatory approval has been obtained for Qu Gang to serve as a director and president of the bank. Qu Gang's term as executive director and president of hua xia bank will take effect from the approved date of October 28, 2024; Starting from the beginning of 2024, senior executives of financial institutions owned by Beijing have been undergoing frequent changes, involving Beijing rural commercial bank, hua xia bank, beijing international reits, bank of beijing, and others.
Financial Union News, October 30th (Reporter Peng Kefeng) A national joint-stock bank is undergoing key personnel changes!
On the evening of October 29, hua xia bank announced that the regulatory approval has been obtained for Qu Gang to serve as a director and president of the bank. Qu Gang's term as executive director and president of hua xia bank will take effect from the approved date of October 28, 2024. On March 28th of this year, the board of directors of hua xia bank had already passed the proposal to appoint Qu Gang as president.
After more than 7 months, Qu Gang finally obtained approval to become the President of hua xia bank.
Yesterday evening, hua xia bank announced that the bank recently received the 'Reply of the China Banking and Insurance Regulatory Commission on the Qualification of Qu Gang as Director and President of hua xia bank' (Jin Fu [2024] No. 694). The China Banking and Insurance Regulatory Commission has approved Qu Gang's qualification to serve as director and president of the bank. Qu Gang's term as executive director and president of hua xia bank will take effect from the approved date of October 28, 2024, until the expiration of the bank's eighth board of directors.
The Financial Union News reporter noted that as early as March 29, 2024, hua xia bank announced that its forty-first meeting of the eighth board of directors was held on March 28, 2024. The meeting reviewed and unanimously approved the 'Proposal to Appoint Mr. Qu Gang as the President of the bank.' Mr. Qu Gang's qualification for the position still needed to be approved by the China Banking and Insurance Regulatory Commission. Once his qualification is approved, Mr. Qu Gang will assume office from the date of approval until the expiration of the bank's eighth board of directors, during which the board of directors has agreed to designate Mr. Qu Gang to act on behalf of the President.
On May 20, hua xia bank held its 2023 annual shareholders' meeting, during which the proposal to elect the new president Qu Gang as executive director was approved with a high consent rate of 99.8272%. Therefore, counting from the appointment by the board of directors to the formal assumption of the role of president at hua xia bank, Qu Gang spent more than 7 months in the position of 'acting president'.
Public information shows that Qu Gang, male, born in 1974, a master's graduate, a senior economist. He previously worked at the Yueyang Branch of China Construction Bank and China Construction Investment Co., Ltd. Later, in 2014, he served as a member of the Beijing International Trust Party Committee and Deputy General Manager, and later as the Deputy General Manager of Beijing Financial Holdings Group Co., Ltd.
It is worth noting that on November 18, 2022, Beijing Commission for Discipline Inspection and Supervision announced that Zhou Ruiming, a cadre with state-owned enterprise positions at Beijing First Light Holdings Co., Ltd., and He Xiaofeng, a cadre with state-owned enterprise positions at Beijing Xianglong Asset Management Co., Ltd., are suspected of serious violations of discipline and law, and are currently under disciplinary review and supervision investigation. Zhou Ruiming was appointed Secretary and Chairman of the Beijing International Trust Party Committee in November 2019; while He Xiaofeng was appointed Deputy Secretary, Director, and General Manager of the Beijing International Trust Party Committee. This also means that both the Chairman and General Manager of Beijing International Trust are under investigation, but the subsequent trial results have not been announced yet.
Subsequently, Qu Gang was urgently dispatched to Beijing International Trust to assist, serving as the Deputy Secretary of the Party Committee, and working in the capacity of the proposed General Manager. In September 2023, the Beijing Banking and Insurance Regulatory Bureau announced the approval of Qu Gang as the Director and General Manager of Beijing International Trust Co., Ltd. However, just half a year later, Qu Gang was transferred to Hua Xia Bank for a new position. In addition, based on the information publicly available, Qu Gang is likely the youngest national joint-stock bank President at present.
Top executives in Beijing's financial circle have seen frequent changes within the year. The new General Manager of Beijing International Trust has not been officially announced yet.
Based on public information, starting from early 2024, under the guidance of relevant departments, senior executives of financial institutions owned by Beijing Municipality have undergone a series of changes, involving Beijing Rural Commercial Bank, Hua Xia Bank, Beijing International Trust, Beijing Bank, and others.
Specifically, on the afternoon of January 10 this year, Beijing Rural Commercial Bank's official website and official WeChat account simultaneously announced that on the same day, Beijing Rural Commercial Bank held a cadres conference, announcing the appointment of Guan Wenjie as Secretary of the Party Committee and Chairman of Beijing Rural Commercial Bank Co., Ltd. Guan Wenjie was transferred from Hua Xia Bank, where he served as Deputy Secretary of the Party Committee and President. In other words, Qu Gang moved from the General Manager position at Beijing International Trust to Hua Xia Bank, filling the vacancy left by Guan Wenjie.
It is worth noting that on June 21 this year, the Beijing Banking and Insurance Regulatory Bureau of the China Banking and Insurance Regulatory Commission issued a document officially approving Guan Wenjie as the Chairman of Beijing Rural Commercial Bank Co., Ltd. In comparison, this time Qu Gang took noticeably longer to be approved for his role than Guan Wenjie.
From the current information available, after Qu Gang moved to Hua Xia Bank, it is likely that the next General Manager of Beijing International Trust will be selected from Hua Xia Bank. According to media reports, the Beijing International Trust working group has internally announced that the new appointed General Manager is Diao Yingchuan (proposed). Diao Yingchuan has previously served in various positions at Hua Xia Bank, including General Manager of the Asset Management Department at the Zhengzhou Branch, Deputy Branch Manager at the Zhengzhou Branch, and Branch Manager at the Changzhou Branch. However, as of the time of submitting this report to Caixin, regulatory authorities have not yet released the approval documents for the new General Manager of Beijing International Trust, and Beijing International Trust's official website has not announced the appointment of Diao Yingchuan.
