Xu An, the former president of the Bank of Guizhou, was dismissed twice, and the qualification to take over as the female president has been approved.

Blue Whale News, February 9 (Reporter Jin Lei)On February 8, the website of the Guizhou Province Commission for Discipline Inspection and Supervision disclosed that Xu An, former deputy secretary of the Party Committee and president of Bank of Guizhou, was expelled from the Party and public office.

On May 22, 2024, the website of the Guizhou Province Commission for Discipline Inspection and Supervision disclosed that Xu An was suspected of serious violations of discipline and law and was subject to disciplinary review and supervisory investigation by the Guizhou Province Commission for Discipline Inspection and Supervision. After investigation, Xu An had problems such as illegally engaging in profit-making activities, taking advantage of his position to harm public interests, illegally occupying public property, engaging in power-for-money transactions, and taking advantage of his position to seek benefits for others. He also illegally accepted huge amounts of property, which seriously violated the party’s political discipline, organizational discipline and integrity discipline, constituting a serious duty violation and suspected of corruption and bribery.

Blue Whale News noted that the last natural year of Xu An’s term is 2023. Bank of Guizhou’s 2023 annual report shows that during the reporting period, the bank achieved operating income of 11.345 billion yuan, a year-on-year decrease of 645 million yuan, or 5.38%; Net profit was 3.653 billion yuan, a year-on-year decrease of 176 million yuan, or 4.60%.

As of the end of the reporting period, the real estate non-performing ratio of Bank of Guizhou was as high as 40.39%, an increase of 20.18 percentage points from the beginning of the year.

In fact, Xu An applied to Bank of Guizhou for resignation in March 2024. After Xu An resigned, Wu Fan, former chairman of the Board of Supervisors of Bank of Guizhou, was transferred to deputy secretary of the bank’s party committee and was elected as executive director of the bank’s fourth board of directors in June 2024. On October 30, 2024, Bank of Guizhou issued an announcement that Wu Fan was appointed president of the bank.

A few days ago, on February 6, the Guizhou Financial Supervision Bureau issued a qualification approval. Wu Fan’s qualifications as a director and president of Bank of Guizhou were approved on January 22, which also means that Wu Fan has officially become the president of Bank of Guizhou. This is also the first female president of Bank of Guizhou since its establishment.

According to public information, Wu Fan, born in August 1968, has a master’s degree from Shanghai Mechanical College and holds the title of senior economist. After graduation, he has worked in China Construction Bank for a long time. Since 2013, Wu Fan has joined the Bank of Guizhou and has served as assistant president of the head office, general manager of the asset management department, and deputy president. In June this year, Wu Fan was elected as the executive director of the bank’s fourth board of directors after voting at the shareholders ‘meeting of the bank.

Also approved on the same day were the qualifications of Li Jian, Vice President of Bank of Guizhou. It is understood that Li Jian has been working within the ICBC Guizhou Province branch system for a long time. At the beginning of 2024, Li Jian was transferred to the post of president of ICBC Xingyi Branch and parachuted to Bank of Guizhou in the same year.

Bank of Guizhou was established on October 11, 2012. It is a local corporate financial institution established by the merger and reorganization of Zunyi City Commercial Bank, Anshun City Commercial Bank, and Liupanshui City Commercial Bank. The bank was listed on the main board of the Hong Kong Stock Exchange on December 30, 2019.

Financial report data shows that in the first half of 2024, Bank of Guizhou achieved operating income of 5.967 billion yuan, a decrease of 463 million yuan or 7.20% from the same period last year. Net profit was 2.123 billion yuan, a decrease of 84 million yuan or 3.80% from the same period last year.

Now, with the official approval of the qualifications of the chairman and deputy presidents, this round of executive changes of Bank of Guizhou has come to an end. What new style will be brought to Bank of Guizhou in the future is worth paying attention to.