The first change of "leader" in state-owned major banks this year, the new chairman of the trillion-yuan PSBC "takes office"

In the domestic financial industry, the state-owned commercial banks, which play a crucial role, have completed their first leadership change since 2025.

An announcement on the evening of February 13 revealed that the National Financial Regulatory Administration recently approved Zheng Guoyu's qualifications to serve as the Chairman and Director of PSBC.

Thus, Zheng Guoyu officially takes office as the "top leader" of PSBC.

New Chairman's Appointment Approved

According to his resume, Zheng Guoyu is currently a Director, General Manager, and Chief Compliance Officer of China Post Group Co., Ltd.

After the National Financial Regulatory Administration approved his qualifications as Chairman and Director of PSBC, Zheng Guoyu has officially assumed the position of Chairman and Director of PSBC since February 13, 2025.

According to relevant regulations, Zheng Guoyu will also serve as the legal representative of PSBC and the Chairman of the Board's Strategic Planning Committee.

57 Years Old

Public information shows that Zheng Guoyu was born in 1967 and is currently 57 years old. He holds a Master's degree in Business Administration from Huazhong University of Science and Technology and has a senior economist title.

Zheng Guoyu has previously worked for a long time at Bank of China. After graduating from Wuhan Water Transport Engineering College in 1988, he joined Bank of China. He rose from local frontline positions to executive committee and senior management roles. He has served as Assistant President and Vice President of Bank of China Hubei Branch, President of Shanxi Branch, President of Sichuan Branch, and a member of the Executive Committee and Vice President of Bank of China.

In September 2021, Zheng Guoyu joined Industrial and Commercial Bank of China, serving as Executive Director and Vice President.

In March 2023, Zheng Guoyu officially became a Director, General Manager, and Deputy Secretary of the Party Leadership Group of China Post Group Co., Ltd.

Succeeding Zhang Jinliang

Zheng Guoyu's appointment as Chairman of PSBC comes after the position had been vacant for more than two years.

In April 2022, the previous Chairman of PSBC, Zhang Jinliang, resigned from his positions as Chairman, Non-Executive Director, and Chairman and Member of the Board's Strategic Planning Committee due to a job transfer.

Afterward, Zhang Jinliang became the President of China Construction Bank. In 2024, Zhang Jinliang was appointed Chairman of China Construction Bank, a position he holds to this day.

The news of Zheng Guoyu's appointment to PSBC began to emerge in early 2025.

On January 2, 2025, China Postal Savings Bank held a board meeting to review and approve the nomination of Zheng Guoyu as a candidate for Director and the election of Zheng Guoyu as Chairman of PSBC.

On January 22, 2025, PSBC held a shareholders' meeting to review and approve the election of Zheng Guoyu as a Director of PSBC.

All Six Major Banks' Chairmen in Place

With Zheng Guoyu's appointment as Chairman of PSBC, all six major state-owned commercial banks now have their chairmen in place.

In addition to Zheng Guoyu, the chairmen of the other five major banks—Industrial Bank, Agricultural Bank, Bank of China, China Construction Bank, and Bank of Communications—are also in position.

The Chairman of Industrial and Commercial Bank of China is Liao Lin, born in 1966. Liao Lin has extensive experience working at China Construction Bank, having served as Vice President and Chief Risk Officer of China Construction Bank, Vice President of Industrial and Commercial Bank of China, and President of Industrial and Commercial Bank of China. In 2024, Liao Lin became the Secretary of the Party Committee and Chairman of Industrial and Commercial Bank of China The chairman of Agricultural Bank of China is Gu Shu, born in 1967. Gu Shu has many years of experience working at Industrial and Commercial Bank of China (ICBC). He has served as the president of ICBC Shandong Branch, vice president of ICBC, president, deputy secretary of the party committee, and vice chairman of ICBC. He is currently the secretary of the party committee and chairman of Agricultural Bank of China.

The chairman of Bank of China is Ge Haijiao, born in 1971. He is currently the chairman and secretary of the party committee of Bank of China and chairman of Bank of China (Hong Kong) Limited. He previously worked for a long time at Agricultural Bank of China.

The chairman of China Construction Bank is Zhang Jinliang, mentioned above, born in 1969. He has had a long career at Bank of China, having served as vice president of Bank of China, president of China Everbright Bank, and chairman of Postal Savings Bank of China.

The chairman of Bank of Communications is Ren Deqi, born in 1963. He previously had a long career at China Construction Bank, where he held positions such as deputy general manager of the credit approval department, general manager of the risk monitoring department, general manager of the credit management department, president of Hubei Branch, and general manager of the risk management department. He later served as an executive director and vice president of Bank of China, deputy secretary of the party committee, vice chairman, president, and executive director of Bank of Communications. He is currently the secretary of the party committee, chairman, and executive director of Bank of Communications.

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