--- title: "This \"Taiwan-funded background\" city commercial bank welcomes executives from large banks with the same provincial background" type: "News" locale: "en" url: "https://longbridge.com/en/news/251168413.md" description: "Xiamen Bank welcomes new Vice President Zhang Qiufa, who has received approval for his appointment. Zhang Qiufa has extensive experience in retail banking and has held several important positions at Industrial Bank. As one of the early-established city commercial banks in Fujian, Xiamen Bank is currently undergoing a transformation, with shareholders including Taiwanese Fubon Financial. The new management team includes Chairman Hong Pipa and other vice presidents, aiming to promote the bank's development" datetime: "2025-08-01T10:45:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/251168413.md) - [en](https://longbridge.com/en/news/251168413.md) - [zh-HK](https://longbridge.com/zh-HK/news/251168413.md) --- # This "Taiwan-funded background" city commercial bank welcomes executives from large banks with the same provincial background Xiamen Bank, characterized by its Taiwanese background, focus on small and micro enterprises, and adept use of technology, has officially welcomed new executives. On the evening of August 1st, Xiamen Bank announced that it recently received the "Approval from the Xiamen Regulatory Bureau of the National Financial Regulatory Administration regarding the Qualification of Zhang Qiufa as Vice President of Xiamen Bank" (Xia Jin Fu \[2025\] No. 70), approving the qualification of Vice President Zhang Qiufa. Public information shows that Zhang Qiufa was born in November 1976 and is 48 years old. His previous main work experience was in the retail business line of the provincial joint-stock commercial bank, Industrial Bank. As one of the earliest established city commercial banks in Fujian, Xiamen Bank has shareholders including Taiwanese-funded Fubon Financial and recently experienced its first negative growth in total operating revenue since its listing last year, presenting an opportunity for revitalization. ## **Who is Zhang Qiufa?** According to the information, Zhang Qiufa has rich frontline business experience and has worked at Industrial Bank for many years. He has served as a staff member, deputy section chief, section chief, deputy general manager of the Business Development Department, deputy general manager of the Personal Business Department (acting), deputy general manager of the Retail Business Department (acting), and general manager of the Business Management Department of the Retail Division at Industrial Bank. Subsequently, Zhang Qiufa was transferred to the Xiamen Branch of Industrial Bank, where he served as general manager of the Comprehensive Management Department of the Retail Division, vice president of the Retail Division, vice president of the Retail Division and general manager of the Customer Development and Marketing Management Department, and vice president of the Retail Division and general manager of the Retail Business Management Department. After that, Zhang Qiufa served as a member of the Party Committee, assistant to the president, and vice president of the Quanzhou Branch of Industrial Bank; vice president of the Fujian Management Department at the headquarters of Industrial Bank, until he joined Xiamen Bank. From Zhang Qiufa's background, he not only has experience in retail and business development in branch offices but also has long-term management experience in Zhangzhou, Xiamen, and Quanzhou, making him a "professional fit" for Xiamen Bank. ## **Restructuring of Xiamen Bank's Leadership** After Zhang Qiufa's qualification was approved, the current core management team of Xiamen Bank includes Chairman Hong Pipa, Director and President Wu Xinhao, Vice Presidents Liu Yongbin, Zhang Qiufa, and Zhuang Haibo, Vice President and Chief Information Officer Zheng Chengman, Vice President and Board Secretary Xie Tonghua, Assistant to the President Zhou Dixiang, and Assistant to the President and Chief Risk Officer Chen Song. Among them, Chairman Hong Pipa took office this year and has long served at Industrial Bank, having also worked in the Fujian Management Department at the headquarters of Industrial Bank, like Zhang Qiufa. President Wu Xinhao is over 60 years old and has previously worked in advertising companies and McDonald's, later serving for a long time at Taiwanese-funded Fubon Financial Group, becoming the company's president in 2021. Additionally, Vice President Zhuang Haibo previously worked at the Xiamen Branch of China Everbright Bank, Zheng Chengman worked at the Xiamen Branch of China Construction Bank, and Liu Yongbin worked at Xiamen Guotou, Xiamen Investment Guarantee Company, and other companies. ## **May Have Worked with the Chairman** Information shows that Xiamen Bank Chairman Hong Pipa may have previously worked with Zhang Qiufa at Industrial Bank. Relevant information indicates that Hong Pipa was born in July 1971, holds a master's degree, and has served in various positions including employee at the Jinjiang Branch of the Quanzhou Branch of Industrial Bank, assistant to the president and head of the credit section, vice president, branch manager of the Jinjiang Qingyang Branch, branch manager of the Shishi Branch, general manager of the Shishi Division of the Corporate Finance Division, and member of the Party Committee and assistant to the president, as well as member of the Party Committee and vice president of the Quanzhou Branch After that, he also served as the Party Secretary and President of the Sanming Branch of Industrial Bank, as well as the President of the Corporate Finance Headquarters; Party Secretary and President of the Quanzhou Branch of Industrial Bank; Party Secretary and President of the Xiamen Branch of Industrial Bank; and President of the Fujian Management Department of Industrial Bank. As shown in the above information, Zhang Qiufa's last position at Industrial Bank was Vice President of the Fujian Management Department. In addition, Hong Pipa announced in January 2025 and was approved for the chairman qualification in April. Zhang Qiufa was also approved for the vice president qualification of Xiamen Bank in mid-year this year. The two colleagues from Industrial Bank are expected to "show their talents" at Xiamen Bank. Risk Warning and Disclaimer The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. 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