The significant "personnel" changes in Shanghai's financial sector have been finalized, with the approval of the president and chief auditor qualifications of SHRCB

Following Shanghai Bank, the personnel changes at SHRCB have also officially "settled." On the evening of October 9, Shanghai Rural Commercial Bank announced that the qualifications of its Vice Chairman, President, and Chief Auditor have been approved by regulatory authorities. The announcement indicated that Shanghai Rural Commercial Bank recently received the "Reply from the Shanghai Bureau of the National Financial Regulatory Administration on the Qualification of Wang Ming as Vice Chairman and President of Shanghai Rural Commercial Bank Co., Ltd." (Hu Jin Fu [2025] No. 634) and the "Reply from the Shanghai Bureau of the National Financial Regulatory Administration on the Qualification of Luo Ying as Chief Auditor of Shanghai Rural Commercial Bank Co., Ltd." (Hu Jin Fu [2025] No. 629). The relevant replies show that the Shanghai Bureau of the National Financial Regulatory Administration has approved Wang Ming's qualifications as Vice Chairman and President of the bank and Luo Ying's qualifications as Chief Auditor of the bank. Thus, the two senior executives of SHRCB have officially begun their new terms. In the Prime of Life at 50 In any bank, the positions of Vice Chairman and President are among the most important roles in the institution. Wang Ming's appointment as President of Shanghai Rural Commercial Bank has naturally attracted significant attention. According to his resume, Wang Ming was born in April 1975 and is currently 50 years old. He holds a bachelor's degree in economics and is currently the Deputy Secretary of the Party Committee of Shanghai Rural Commercial Bank. Previously, he served as the Deputy General Manager of the Corporate Finance Department at Shanghai Bank, Deputy General Manager of the Corporate Finance Department and General Manager of the Key Accounts Department, a member of the Party Committee and Secretary of the Discipline Inspection Commission at the Beijing Branch of Shanghai Bank, Deputy General Manager of the Interbank Finance Department and General Manager of the Corporate Business Department at Shanghai Bank, Secretary of the Party Committee and President of the Puxi Branch of Shanghai Bank, Chairman of the Shanghai Bank Fund, Chairman of the Labor Union of Shanghai Bank, and a member of the Party Committee, Vice President, and General Legal Counsel of Shanghai Bank. It can be said that Wang Ming is currently in the "prime of life." Commencing a Three-Year Term According to the information, in May 2025, the board of directors of SHRCB approved the proposal to nominate Wang Ming as a candidate for the company's executive director and the proposal to appoint Wang Ming as the company's president. The announcement at that time indicated that Wang Ming's term as a director would be three years, calculated from the date of approval of his qualifications by the banking regulatory authority. His appointment as the company's president would also be for three years, starting from the date of approval of his qualifications by the banking regulatory authority. In other words, with the release of the approval announcement, Wang Ming's three-year term as President of SHRCB has officially begun. Chief Auditor Approved Simultaneously At the same board meeting, SHRCB also approved the appointment of Zhan Lingling as Vice President of the company, Zhang Yuehong as Vice President of the company, and Luo Ying as Chief Auditor of the company. Among them, the qualifications of senior executives Zhan Lingling and Zhang Yuehong were approved by regulatory authorities in July and August of this year. Luo Ying's qualifications were recently approved. According to the information, Luo Ying was born in July 1977 and is currently 48 years old, holding a bachelor's degree. She is currently the General Manager of the Operations Management Department and the Process Management Department at SHRCB, and has previously served as Assistant President of the Jiading Branch, Deputy President of the Jiading Branch, Deputy General Manager of the Accounting Settlement Department and General Manager of the Business Processing Center, President of the Huangpu Branch, President of the Jing'an Branch, and General Manager of the Accounting Settlement Department The Former President Has Taken Over Shanghai Bank In addition, Wang Ming's predecessor has taken over Shanghai Bank as the chairman of the company. In April 2025, the board of directors of SHRCB received the resignation letter from the company's vice chairman and president, Gu Jianzhong. Due to work changes, Gu Jianzhong resigned from the positions of vice chairman, executive director, chairman of the board's risk and compliance management committee, chairman of the consumer rights protection committee, and president. On the same day, Shanghai Bank announced that the board meeting agreed to nominate Gu Jianzhong as a candidate for the company's executive director and submitted it for election at the shareholders' meeting. Gu Jianzhong was later elected as the chairman of the sixth board of directors of Shanghai Bank. According to information, Gu Jianzhong was born in November 1974 and graduated from Fudan University with a major in finance, holding a master's degree in economics and the title of economist. He has served as the deputy general manager of the corporate finance department of Shanghai Bank, general manager of the marketing department and Hong Kong and Taiwan business department, general manager of the corporate finance department, general manager of the credit approval center, and general manager of the business department; deputy director (on-the-job) of the comprehensive coordination office of the Shanghai Financial Services Office, and director (on-the-job) of the financial institutions department; member of the party committee of Shanghai Bank, deputy secretary of the discipline inspection commission, director of human resources, and general manager of the human resources department; member of the party committee and deputy general manager of Shanghai International Group; deputy secretary of the party committee, vice chairman, executive director, and president of Shanghai Rural Commercial Bank. 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