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On the evening of August 5, Wuxi Bank announced that the bank’s board of directors recently received a written resignation report from Chairman Shao Hui.Shao Hui resigned from the positions of Chairman, Executive Director and relevant positions of the Board of Directors’ Special Committee due to work transferOn the same day, Zijin Bank announced that it nominated Shao Hui as a candidate for the fourth board of directors. The announcement also mentioned thatShao Hui is currently the Party Secretary of Zijin Bank。

this means,Shao Hui, former chairman of Wuxi Bank, has been appointed party secretary of Zijin Bank。

Shao Hui profile picture

According to his public resume, Shao Hui, male, was born in June 1971. He is a member of the Communist Party of China, has a bachelor's degree, a master's degree, and is an engineer and a senior economist. He once worked at Wuxi Tianyuan Electronic Technology Application Engineering Company, and successively served as the assistant chief of the computer information department of Wuxi Suburban Credit Union, deputy director of Ganlu Credit Union of Wuxi Suburban Credit Union (in charge of work), deputy president of Xizhou Rural Commercial Bank, deputy president of Wuxi Rural Commercial Bank, deputy president and president of Wuxi Bank, secretary of the Party Committee, and chairman of the board of directors.

Wuxi Bank was established in June 2005 and is the first rural commercial bank listed on the A-share main board in China. Wuxi Bank's first quarter report shows that in the first three months of 2024, Wuxi Bank achieved operating income of 1.304 billion yuan, a year-on-year increase of 5.02%; and achieved a net profit attributable to the parent of 599 million yuan, a year-on-year increase of 9.41%. As of the end of March 2024, Wuxi Bank's total assets were 245.281 billion yuan.

Zijin Bank was established in March 2011 and is headquartered in Nanjing. It was formed by the merger of four credit unions in Nanjing City, Jiangning District, Pukou District and Liuhe District. Zijin Bank's first quarter report shows that in the first three months of 2024, Zijin Bank achieved operating income of 1.198 billion yuan, a year-on-year increase of 9.84%; and achieved a net profit attributable to the parent of 405 million yuan, a year-on-year increase of 5.4%. As of the end of March 2024, Zijin Bank's total assets were 261.598 billion yuan.

Source｜People's Daily Jiangsu Comprehensive