“Post-70s” Wang Xiaoqing announced as taking over as president of China Merchants Bank, a 34-year growth journey of a versatile financial expert

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Before the May Day long holiday, China Merchants Bank, the "leader" among joint-stock banks, announced the smooth handover of its president.

On the evening of April 30, China Merchants Bank announced a change of leadership: Wang Liang, who has served the bank for nearly 31 years, officially resigned as president due to age reasons. Taking over is Wang Xiaoqing, who has extensive management experience in banking, insurance, securities, public funds, and financial holding institutions.

Born in 1971, Wang Xiaoqing not only has advantages in age and experience but also holds a PhD in economics from Fudan University. How he will drive this innovative yet stable joint-stock bank under the strategic direction of "building a value bank" is a matter the market is eagerly awaiting.

Change of President Announcement

The April 30th announcement shows that Wang Liang proposed to the board of directors to resign from his positions as executive director, president, and related committee member due to age reasons. The resignation will take effect from April 30, 2026. Wang Liang has confirmed that he has no disagreements with the board and no other matters related to his resignation that need to be brought to the attention of shareholders and creditors.

At this board meeting, the proposal to commend Mr. Wang Liang was also reviewed and approved. Based on Chairman Miao Jianmin’s proposal, Wang Liang was commended. As Wang Liang retired from his post as president, the board fully affirmed and highly evaluated his significant contributions to China Merchants Bank, and awarded Wang Liang the title of "Lifetime Honorary Member of China Merchants Bank" as a mark of recognition.

Also on April 30, at the board meeting presided over by Chairman Miao Jianmin, Wang Xiaoqing’s appointment as president of China Merchants Bank was reviewed and approved.

The announcement also states: Wang Xiaoqing’s term as president will begin from the date the company receives approval of his qualification from the National Financial Regulatory Administration and continue until the expiration of the 13th board of directors. From the date the board approves this proposal, Wang Xiaoqing will act as president of China Merchants Bank until his official term takes effect.

"Post-70s" President with a Doctorate

Wang Xiaoqing, who is succeeding as president of China Merchants Bank, has a distinctive career background.

Wang Xiaoqing is a typical high academic achiever, holding a doctorate in political economics from Fudan University. He is still vigorous, born in October 1971, and is 54 years old this year. Before officially becoming president, he already served as the Party Secretary of China Merchants Bank.

In addition, Wang Xiaoqing has much more extensive experience in finance than his peers, spanning over 33 years since 1992.

Before joining the China Merchants Group system, Wang Xiaoqing had worked at a bank, two securities firms, an insurance asset management company, and a regulatory body.

July 1992 to September 1994: Worked at the Hai'an Branch of the Agricultural Bank of China in Jiangsu Province;

July 1997 to May 1998: Worked in the Fund Management Department of Haitong Securities Co., Ltd.;

May 1998 to April 2004: Worked at the Shanghai Commissioner Office of the China Securities Regulatory Commission;

April 2004 to April 2005: Worked at Tianyi Securities Co., Ltd.;

April 2005 to August 2007: Held various positions at PICC Asset Management, including Deputy General Manager of Risk Management and Portfolio Management Departments, General Manager of Portfolio Management Department;

August 2007 to March 2020: Held positions at PICC Asset Management including Assistant to President, Vice President, Party Committee Member and Deputy Secretary, Chairman of Investment Committee, etc.

During this period, he not only accumulated rich experience in securities and investment management, but also developed problem-solving skills for complex work and gained long-term management experience in financial institutions.

Entering a New Platform

In March 2020, Wang Xiaoqing left PICC Asset Management and moved to China Merchants Fund, opening up a new and broader career platform.

In March 2020, he joined China Merchants Fund as Party Secretary and Director, and became General Manager of China Merchants Fund in May 2020.

Since September 2021, concurrently serves as Chairman of China Merchants Cigna Life Insurance Co., Ltd.

From October 2021, served as Assistant to President of China Merchants Bank as well as Chairman of China Merchants Fund and China Merchants Cigna. From November 2021, concurrently served as Chairman of China Merchants Cigna Asset Management.

Subsequently, he served as President of China Merchants Bank Shenzhen Branch, Vice President of China Merchants Bank, General Manager of China Merchants Financial Holdings Co., Ltd., Director of China Merchants Financial Holdings, and other positions.

Within the China Merchants Group system, he has managed businesses involving public funds, insurance, banking, and financial holding, with considerable achievements.

Market Focus on Next Moves

Wang Xiaoqing, who has rich experience in finance, has made speeches at various events. At the "First Global Asset Management Forum" held in Shenzhen, he delivered a keynote speech titled "Asset Management from a Wealth Management Perspective: Working Together for a Shared Future."

In his speech, he mentioned that wealth management focuses on "people," paying attention to clients' needs, risk appetite, financial goals, and capital planning; asset management revolves around "things," focusing on understanding the risk-return characteristics of various assets and seeking investment opportunities. The key bridge between the two is a solution based on deep understanding of client needs.

In the long term, the key to investment returns is not the selection of a specific product or type, but the allocation ratio and style mix of various assets. In the business practice of investment advisers and asset allocation, details are extremely important. Besides understanding needs, capital market judgment, and model building, scientifically defining assets in practice is equally important. To better meet client needs, wealth management and asset management institutions must work together.

Wang Xiaoqing also mentioned that, from the perspective of a wealth management institution, an excellent asset management institution needs to have multiple capabilities, including investment research culture, system building, in-depth research, risk management, and client companionship.

Between the lines, it’s clear that Wang Xiaoqing attaches importance to clients, organizational culture, system building, and has a deep understanding of risk management.

The recently disclosed Q1 report from China Merchants Bank shows that as of the end of Q1 2026, the bank’s total assets amounted to 13.48 trillion yuan. In Q1, the bank saw positive growth in both revenue and net profit attributable to the parent company. As this historically brilliant bank moves forward, the market is watching closely to see what happens next.

Risk Warning and DisclaimerThe market involves risks; invest with caution. This article does not constitute personal investment advice and does not consider the unique investment goals, financial status, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article fit their specific situation. Investment based on this article is at your own risk. ```