37-year veteran Lin Jingzhen steps down, personnel adjustments at Bank of China continue

At the beginning of 2025, Bank of China (601988.SH) welcomed another personnel adjustment.

On January 7, Bank of China announced that Vice President Lin Jingzhen has resigned from his positions as Executive Director and Vice President due to age reasons.

Since graduating from Xiamen University in 1987, Lin Jingzhen has worked at Bank of China for 37 years, having overseen several core departments including international, corporate, and personal banking.

In his early years, he held positions such as Director of Customer Relationship Management in the Corporate Business Department, General Manager of the Corporate Finance Headquarters (Corporate Business), and General Manager of the Corporate Finance Department;

In 2015, he was transferred to the subsidiary Bank of China (Hong Kong) as Vice President, serving for nearly three years;

In 2018, he returned to the head office as Vice President and also served as Chairman of Bank of China International Holdings and Bank of China International Securities; before his resignation, he was the top Vice President of Bank of China.

Previously, Lin Jingzhen stated at the 2024 International Investment Forum that Bank of China would actively leverage its traditional advantages in cross-border services, relying on more diverse and distinctive financial products to support high-level opening up.

At the mid-2024 performance meeting, he also shared the credit issuance strategy for the second half of the year, stating that "in the next phase, we will maintain a scientific match between the total credit volume and customer demand, promoting reasonable growth in credit; on the personal side, we will increase the issuance of housing loans to support rigid and improved housing demand."

The official website of Bank of China has now updated the changes in senior management, with the current management structure being "one chairman and three vice presidents": the chairman is Ge Haijiao, the president is Zhang Hui, and there are vice presidents Liu Jin, Zhang Xiaodong, and Cai Zhao, along with Risk Director Zhao Rong, Board Secretary Zhuo Chengwen, and Chief Information Officer Meng Qian.

Previously, Bank of China had initiated internal business adjustments at the end of 2024, with Vice Presidents Cai Zhao and Zhang Xiaodong respectively overseeing personal and large corporate business.

In the near future, personnel changes may continue.

Given the large scale of Bank of China's business and the current presence of only three vice presidents, it is expected that a new vice president will be appointed following Lin Jingzhen's departure.

Throughout 2024, Bank of China experienced multiple adjustments in senior management: Liu Jin was appointed Vice President in April, former Vice President Zhang Yi was transferred to become President of China Construction Bank in May; former President Liu Jin resigned in August for personal reasons, and Zhang Hui was appointed President in December.

As of the end of September 2024, Bank of China's assets increased by 5.05% from the beginning of the year to CNY 34.07 trillion; in the first three quarters, it achieved operating income of CNY 478.348 billion and net profit attributable to shareholders of CNY 175.763 billion, with year-on-year growth rates of 1.64% and 0.52%, respectively