ABC "takes over" Bank of China, and another large bank's deputy governor "resigns"

The candidates for the vice president of state-owned major banks are continuously changing.

On the evening of January 8, Agricultural Bank of China announced that Xu Han requested to resign from the position of vice president of the bank due to age reasons.

It is reported that Xu Han confirmed that there were no disagreements with the board of directors of ABC and that there were no matters regarding his resignation that needed to be communicated to ABC's shareholders and creditors.

The announcement also stated that during Xu Han's tenure as a senior management member of ABC, he performed his duties diligently and responsibly. The board of directors of ABC expressed heartfelt gratitude for Xu Han's significant contributions to the bank's development during his tenure.

This marks the second consecutive day that a senior leader of a state-owned major bank has resigned due to age reasons. The day before, Bank of China had just announced that its vice president Lin Jingzhen resigned for the same reason.

About Xu Han

Public information shows that Xu Han worked for a long time at Bank of Communications in his early years. He has served as the deputy general manager of the IT department of Bank of Communications Hong Kong Branch, deputy general manager of the computer department of Bank of Communications, deputy CEO (Chinese CEO) of Bank of Communications Pacific Credit Card Center, CEO of Pacific Credit Card Center, general manager of the personal financial business department (consumer rights protection department), general manager of the personal financial business department (consumer rights protection department) and general manager of the online channel department, general manager of the personal financial business department (consumer rights protection department) and president of the internet center (online center), and business director of Bank of Communications (retail and private banking sector) and general manager of the personal financial business department (consumer rights protection department).

Since October 2020, Xu Han has served as vice president of ABC.

Continuous Changes in Vice Presidents of State-Owned Major Banks

On the evening before ABC's announcement, on January 7, Bank of China announced that the board of directors received Lin Jingzhen's resignation letter.

Lin Jingzhen resigned from the positions of executive director, member of the board's corporate culture and consumer rights protection committee, member of the risk policy committee, and vice president of the bank due to age reasons. This resignation will take effect from January 7, 2025.

The announcement from Bank of China also indicated that Lin Jingzhen confirmed that there were no disagreements with the board of directors and that there were no other matters that needed to be communicated to Bank of China's shareholders. The board of directors of Bank of China expressed gratitude for Lin Jingzhen's contributions to the bank during his tenure