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Troubled times for Zheshang Bank

2024-08-20

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Just after the beginning of autumn, Zheshang Bank ushered in"A time of trouble."

8moon18On the same day, China Zheshang Bank issued an announcement that its president, Zhang Rongsen, resigned from his positions as executive director and president of the company for personal reasons.CCB20Anniversary CelebrationDays.At this critical juncture, the president resigned., so the news has attracted great attention in the industry.

China Zheshang Bank18According to an announcement released on the 2nd, President Zhang Rongsen resigned from the bank's executive director and president positions for personal reasons, and the bank's chairman Lu Jianqiang will perform the duties of president on his behalf. Zheshang Bank said that at present, the company's various business activities are proceeding normally, and this matter will not have a significant impact on the company's daily operations and management.

Although the announcement of Zheshang Bank clearly stated that Zhang Rongsen resigned from the company's executive director and president for personal reasons, the reason for Zhang Rongsen's sudden resignation and his whereabouts have attracted great attention in the industry.

Zhejiang Commercial Bank has had similar situations before.

2022Year1moon11On the evening of the same day, China Zheshang Bank issued an announcement stating that the bank's board of directors received a resignation report submitted by Shen Renkang on the same day. Shen Renkang resigned from the bank's executive director, chairman, chairman of the strategic committee and chairman of the inclusive finance development committee due to work arrangements.

One year later2023Year2moon6On the same day, the Central Commission for Discipline Inspection and the National Supervisory Commission officially announced on their website: "Shen Renkang, former Party Secretary and Chairman of Zheshang Bank Co., Ltd., is under disciplinary review and supervision investigation" >

In recent years, the anti-corruption storm of Zheshang Bank has continued. Going back further, Gu Qingliang, the former president of Zheshang Bank Shanghai Branch,2019Year12moon9He was arrested on the day of the incident. Gu Qingliang was sentenced to fixed-term imprisonment for the crime of accepting bribes.14Years, and a fine of RMB250The verdict shows that Gu Qingliang received bribes totaling RMB1242.3392Ten thousand yuan. Bribery charges amount to13, among which6The bribes received by Xiang came from his subordinates.7Items come from bank client units.

In addition to Gu Qingliang,Zou Jianxu, former deputy general manager of the Capital Markets Department of Zheshang Bank, Zhang Changgong, former member of the Party Committee and deputy president of Zheshang Bank, Xu Bing, former vice president of Zheshang Industrial Finance and president of Zheyin Capital and general manager of Jingu Trust, and others have also been successively dismissed.

The latest announcement from China Zheshang Bank shows that the company's business activities are currently operating normally and the matter will not have a significant impact on the company's daily operations and management. However, the share price of China Zheshang Bank plunged rapidly at the opening of trading on Monday, with the largest drop exceeding4%As of the close, the share price of Zheshang Bank continued to fall.1.42%. Correspondingly, on MondayOn the market42Only bank stocks, except for Zheshang Bank, the rest41Only the rise

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