After seven years at the helm and reaching retirement age, the chairman of Bank of Guiyang steps down, and the president acts in his place.

June 3, Bank of Guiyang issued an announcement stating that Chairman Zhang Zhenghai, due to reaching retirement age, has submitted his resignation to the board of directors. After stepping down, Zhang Zhenghai will no longer hold any position at Bank of Guiyang. On the same day, the 6th interim meeting of the Board deliberated and approved relevant proposals. Before a new chairman is elected and receives qualification approval from regulatory authorities, executive director and president Sheng Jun will temporarily perform the chairman’s duties. This adjustment is a personnel change within market expectations. Zhang Zhenghai was born in November 1965 and has reached the statutory retirement age. His original term as chairman was set to expire in July 2027. This early departure due to retirement is a common arrangement for listed banks with local state-owned backgrounds. Since taking charge of Bank of Guiyang in 2019, Zhang Zhenghai has led the bank through the industry’s transition from rapid expansion to high-quality development. During his tenure, the bank’s asset scale continued to grow. Its total assets crossed the 600 billion and 700 billion RMB thresholds in 2021 and 2024, respectively. By the end of the first quarter of 2026, the bank’s total assets exceeded 760 billion RMB, solidly maintaining its position as the leading city commercial bank in Guizhou Province. Meanwhile, facing changes in the external environment such as real estate adjustment, risk resolution on local financing platforms, and continuous narrowing of industry spreads, Bank of Guiyang’s overall operating style has become more prudent. In recent years, the bank has persistently promoted the disposal of risk assets, optimized its credit structure, and maintained a high level of risk compensation capacity, reserving space for subsequent development. Sheng Jun, who will take over transitional duties, has extensive experience working at major state-owned banks. Sheng Jun has long worked in the Industrial and Commercial Bank of China’s Guizhou branch system, previously serving as deputy president of ICBC Guiyang branch, president of ICBC Liupanshui branch, and general manager of ICBC Guizhou branch’s Credit Assessment Department, accumulating deep experience in corporate finance, risk management, and credit approval. In 2022, Sheng Jun became president of Bank of Guiyang. Over the past few years, he and Zhang Zhenghai have formed a relatively stable chairman-president partnership. His temporary assumption of chairman duties is seen by the market as an arrangement to ensure smooth management continuity and maintain existing strategic consistency. According to the latest operating data, Bank of Guiyang’s performance is showing signs of improvement. In the first quarter of 2026, the bank achieved operating income of 4.064 billion RMB, an increase of 14.6% year-on-year; net profit attributable to parent company shareholders was 1.503 billion RMB, a year-on-year growth of 3.2%, showing a recovery compared to previous periods. However, compared to the scale expansion phase, the new management faces different challenges. On one hand, commercial banks’ net interest margin continues to be under pressure in a low interest rate environment, and profit growth increasingly relies on asset structure optimization and refined management. On the other hand, as a city commercial bank rooted in Guizhou, Bank of Guiyang needs to continue resolving key area risks and improve asset quality and capital utilization efficiency. For this regional bank whose total assets exceed 760 billion RMB, the final selection of the chairman is worth attention. Yet, compared to the personnel changes themselves, the market cares more about whether the bank can further shift from scale expansion to quality enhancement while maintaining its regional advantages. Risk warning and disclaimer The market has risks; investment requires caution. This article does not constitute personal investment advice and does not consider individual users’ specific investment objectives, financial circumstances, or needs. Users should consider whether opinions, viewpoints, or conclusions herein fit their particular situation. Investments made based on this article are at one’s own risk.