"Executive reshuffle at Bank of Jiangsu finalized: 'Yuan Gaopai' structure takes shape"

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On July 13, Jiangsu Bank issued multiple announcements, officially announcing important personnel changes: Chairman Yuan Jun’s qualifications were formally approved by the Jiangsu Financial Regulatory Bureau. Yuan Jun also resigned as President and Chief Compliance Officer to focus solely on his duties as Chairman. Former Vice President Gao Zengyin was appointed President by the board of directors, pending regulatory approval.

With this, the major management personnel adjustments of Jiangsu Bank are basically completed, and the new leadership team has officially taken shape.

Personnel Timeline: Completion of Leadership Transition Within Six Months

This personnel change is a continuation and completion of a series of senior management adjustments at Jiangsu Bank since the beginning of this year.

In April this year, former Chairman Ge Renyu stepped down due to age, and President Yuan Jun took over as Acting Chairman, simultaneously holding the positions of Party Secretary, Chairman, Executive Director, President, and Chief Compliance Officer. With his qualifications as Chairman now approved, Yuan Jun is able to step down as President and Chief Compliance Officer and return to his sole role as Chairman.

Public information shows that Yuan Jun, born in 1971, holds a Master’s degree in Engineering and is a Senior Economist. He has served as Deputy Director of the Development Planning Department and the Business Management Department of the original Jiangsu Rural Credit Cooperative Union, Deputy General Manager of the Business Development Department, Party Secretary and Chairman of Taizhou Rural Commercial Bank, Head of the disciplinary inspection team assigned by Jiangsu Provincial Commission for Discipline Inspection and Supervision to Jiangsu Bank, Party Committee member, Deputy Party Secretary, and President of Jiangsu Bank.

Gao Zengyin, who has been appointed President, has also long served in the banking system and has extensive experience in the financial industry.

According to his resume, Gao Zengyin was born in September 1977, holds a Master’s degree in Economics, and is a Senior Economist. He previously worked at the Suzhou branch of China Construction Bank, specializing in corporate banking and investment banking. After joining Jiangsu Bank, he served as General Manager of the Investment Banking Department, General Manager of Investment Banking and Asset Management Headquarters. In 2020, he became the first Chairman of Suyin Wealth Management, during which the scale of managed wealth grew to 446.5 billion yuan. In September 2023, he was promoted to Vice President of Jiangsu Bank, and in July 2026, he was appointed President.

Fundamentals: Leading Position Among City Commercial Banks Remains Solid

With the leadership change, Jiangsu Bank has once again attracted outside attention as the leading city commercial bank.

According to financial reports, by the end of 2025, Jiangsu Bank Group’s total assets reached 4.93 trillion yuan, up 24.78% year-on-year; annual operating income was 87.942 billion yuan, up 8.82%; net profit attributable to shareholders was 34.501 billion yuan, up 8.35%. Return on equity (ROE) was 13.14%, return on assets (ROA) was 0.82%. It ranked 56th in The Banker magazine’s Top 1000 World Banks, up 10 places from the previous year.

In 2026, the expansion momentum continues. By the end of the first quarter, Jiangsu Bank’s total assets exceeded 5 trillion yuan, rising to 5.58 trillion yuan, maintaining its leading position among city commercial banks; revenue in the same period reached 24.18 billion yuan, up 8.41%; net profit was 10.925 billion yuan, up 8.25%. The non-performing loan ratio dropped to 0.81%, the lowest since its listing; net interest margin was 1.73%, 31 basis points higher than the industry average.

Future Prospects: Where Are the New Breakthroughs?

Market observers have noted that Gao Zengyin’s core experience is focused on investment banking and asset management, which aligns with the strategy of strengthening intermediary business as banks face shrinking interest margins in recent years.

From the organizational setup, Chairman Yuan Jun oversees the overall situation, while President Gao Zengyin manages operations, with a clear division of responsibilities. The public generally expects the new leadership team to continue the established strategy while seeking new breakthroughs in revenue diversification.

As Jiangsu Bank has always operated prudently, any new breakthroughs in its operations will be worth watching.

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