Hangzhou Bank’s new president takes office: Zhang Jingke, a “post-75s veteran of Hangzhou Bank,” has been appointed as successor.
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On January 12, 2026, Bank of Hangzhou announced that its board of directors had approved the appointment of Zhang Jingke as president. This “veteran,” who has worked at Bank of Hangzhou for more than 20 years, thus becomes the bank’s new leader.
Zhang Jingke previously served as deputy party secretary and vice president of Bank of Hangzhou. He will officially succeed former president Yu Liming, who left in April last year. It is reported that his qualification for the post is still subject to approval by the Zhejiang Regulatory Bureau of the National Financial Regulatory Administration.
This personnel arrangement breaks the earlier expectation from the public that the president would be “parachuted in” from outside. Zhang Jingke is a cadre cultivated within the Bank of Hangzhou, whose career has been deeply rooted in the bank, growing from a grassroots business position to the core management team.
The day after the related announcement, shares of Bank of Hangzhou rose by more than 3%, reflecting the capital market’s attitude toward the appointment.
Internally Promoted "Post-70s" President
The board of Bank of Hangzhou unanimously approved the resolution to appoint Zhang Jingke as president, with his term lasting until the expiration of the eighth board’s term. Zhang Jingke will also be nominated as a candidate for the eighth board of directors.
Zhang Jingke was born in August 1978, and as the youngest current vice president of Bank of Hangzhou, his promotion marks that the bank’s executive team is now comprised entirely of “post-70s,” forming a younger, professionally oriented management lineup.
This personnel change is interpreted by the market as an important move for Bank of Hangzhou to ensure development continuity; previously, Chairman Song Jianbin had been acting as president for more than nine months.
Once Zhang Jingke’s qualification is approved by the relevant authorities, Bank of Hangzhou will establish an executive team structure of “one president, six vice presidents, plus a CFO and a board secretary.”
A Finance Specialist Rising from the Grassroots
Zhang Jingke’s career began in 2001 when he joined the headquarters branch of Bank of Hangzhou as a corporate client manager. His complete professional trajectory at the bank spans its core business areas.
In 2009, Zhang Jingke was tasked with establishing the Technology Sub-branch and was promoted to deputy head of the branch. This marked the birth of Zhejiang’s first technology-focused sub-branch, and became a key milestone in the bank’s technology finance business.
In 2013, Zhang Jingke set up the Cultural and Creative Sub-branch and became its head, exploring the bank’s new model for cultural and creative finance services. Afterward, he held important positions such as general manager of asset management at the headquarters, party secretary and general manager of the technology and cultural creative finance division, and general manager of human resources.
In September 2023, Zhang Jingke received regulatory approval for his qualifications and officially became vice president of Bank of Hangzhou until January this year.
Expertise in Technology Finance
Zhang Jingke has personally witnessed several critical milestones in the iterative development of technology finance at Bank of Hangzhou and has significant insights on the matter.
He has summarized that since 2009, the bank’s technology finance service model has gone through three stages:
Stage 1.0 (Policy Driven): Actively cooperated with government, industrial parks, and guarantee institutions, relying on policy guarantees to solve the difficulty of first-time loans for start-up tech companies;
Stage 2.0 (Venture Capital Driven): Through the “bank-investment joint lending” model, turning equity investment signals into lending criteria;
Stage 3.0 (Digital and Professional Driven): By refining multidimensional data to create an “evaluation model for the growth of tech innovation enterprises.”
As of the end of June 2025, Bank of Hangzhou’s tech loan balance reached 115.2 billion yuan, an increase of 20.6 billion yuan over the previous year-end.
The Performance Foundation of Bank of Hangzhou
As a city commercial bank with outstanding quality and performance, Bank of Hangzhou’s results have remained among the top in the industry in recent years.
The third quarter report for 2025 shows that the bank’s total assets reached 2.3 trillion yuan, up 8.67% over the previous year-end. In the first three quarters of 2025, its total operating income was 28.88 billion yuan, up 1.35% year-on-year; net profit attributable to the parent company was 15.885 billion yuan, up 14.53% year-on-year.
In terms of profit growth rate, ROE, and basic earnings per share for the first three quarters of 2025, Bank of Hangzhou ranks among the top listed banks.
Regarding asset quality, Bank of Hangzhou’s non-performing loan ratio remains at a low industry level of 0.76%, with provision coverage reaching 513.64%. The bank’s mid-2025 dividend plan includes a cash dividend of 0.38 yuan (tax included) per share and a total cash dividend payout of 2.755 billion yuan, up over 24% year-on-year.
New Opportunities and New Challenges
Looking ahead, Bank of Hangzhou continues to face both opportunities and challenges.
According to information, the bank has already clarified a "three-three-six-six" strategy: led by “three-dimensional” goals, adhering to the "three-oriented" direction, developing six new strategic businesses, and promoting enhancements in six major capabilities.
The main challenge currently faced by the bank is the overall slowdown in revenue and profit growth for the banking industry as a whole. This trend not only affects major state-owned banks and joint-stock banks but will also impact leading city commercial banks like Bank of Hangzhou.
In the future, how Bank of Hangzhou’s management team led by Zhang Jingke will deepen its transformation, implement strategic development, and achieve more stable growth, will be worth watching.
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