China Resources Bank has “selected” its president for the second time, and the appointment requirements have been improved. The first-time president has been promoted to chairman.

Blue Whale News, February 18 (Reporter Jin Lei)Recently, China Resources Bank issued a recruitment announcement, planning to openly recruit a head office president, registration until March 7.

In terms of qualifications, candidates are required to have more than 10 years of working experience in the banking industry and have held the following positions for more than 3 years: president of a state-owned bank or a first-level branch of a joint-stock bank (assets need to be more than 400 billion yuan), or deputy president or above of the head office of urban commercial banks and rural commercial banks (rural credit cooperatives) with assets scale of more than 400 billion yuan, born after January 1, 1975, etc.

In fact, this is not the first time that China Resources Bank has publicly recruited a president. In May 2023, China Resources Bank publicly selected the president of the head office to the public. In the end, Qian Xi, who had worked in the China Merchants Bank system for many years, stood out. In January this year, Qian Xi was elected to be promoted to chairman of the eighth board of directors of China Resources Bank, and his qualifications have yet to be approved by the regulatory authorities. In less than three years, Qian Xi completed the promotion from president to chairman.

Comparing the two recruitment conditions, China Resources Bank has increased its requirements for candidates this time. Previously, candidates were required to have bank assets of more than 300 billion yuan. Looking at the development of the banking industry in the past two years, the scale has increased from 300 billion yuan to 400 billion yuan in two years. Few banks can achieve this growth rate, which has also increased the employment requirements of candidates.

In addition, there are age requirements, requiring candidates to be no more than 50 years old (born after January 1, 1975) and more than five years of party experience. The first public audition required people to be born after 1970, and the last time selected Qian Xi happened to be born in 1970.

It is worth noting that if the candidate is an internal registration person of China Resources Group, he should meet the requirements for the number of years of appointment of a cadre directly under the management of the group. No clause in this regard was listed last time.

The official website shows that China Resources Bank was established at the end of 1996 and was formerly known as Zhuhai City Commercial Bank. At the beginning of 2009, the Zhuhai City Government and China Resources Group reorganized the latter. Among them, China Resources Group purchased 75% of the bank’s equity at a cost of 2.5 billion yuan, becoming the controlling shareholder in one fell swoop.

In recent years, China Resources Bank’s performance has not been very ideal. As of the end of September 2024, China Resources Bank achieved operating income of 5.023 billion yuan, a year-on-year decrease of 2.46%; net profit of 332 million yuan, a significant year-on-year decrease of 77.97%; net profit attributable to shareholders of the parent company was 329 million yuan, a year-on-year decrease of 78.09%.

In terms of asset quality, as of the end of September 2024, China Resources Bank’s non-performing loan ratio was 1.71%, down 0.02 percentage points from the end of the previous year; the provision coverage ratio was 159.92%, down 9.4 percentage points from the end of the previous year.

It is worth noting that during the new board change of directors of China Resources Bank at the beginning of this year, Qian Xi, Li Gang, Ye Ning, Deng Ronghui, Lu Lun, Pan Jianlin, Wang Yao, Tang Ling, Du Jinmin and Yu Li Sheng were elected as directors of the Bank’s eighth board of directors for a three-year term. Compared with the board members disclosed in the 2023 annual report, the board of directors of China Resources Bank has undergone a major change. Only Qian Xi and Wang Yao are old faces, and the rest are new faces.