Quasi-"post-80s" executive officially takes office, Changshu Bank adds another vice president
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The rural commercial banks leading in performance are in the process of accomplishing a “younger” management team.
On the evening of September 24, Changshu Bank announced that Cheng Pengfei’s qualification as deputy president of the bank had been approved by the Suzhou Financial Regulatory Bureau.
Thus, following last year’s top-level adjustments, Changshu Bank’s management team has been further improved and is showing a rare trend of youthfulness in the industry.
1. Cheng Pengfei is an internal promotion
With the official approval from the Suzhou Financial Regulatory Bureau, Cheng Pengfei has been formally authorized to serve as deputy president of Changshu Bank. This means that after the resignation of former deputy president Wu Tiejun last year, Changshu Bank’s executive team is again complete, and its management structure further improved.
According to public information, Cheng Pengfei has worked long-term at Changshu Bank. Born in July 1979, he joined Changshu Bank immediately after graduating from university, starting as a junior teller and working his way up into the executive team.
During this period, Cheng Pengfei has rotated through several departments such as the Business Development Department and the Bank Card Department, gradually being promoted, and has rich management experience in funds and trading departments. This promotion to deputy president is a natural result of his long accumulation and steady advancement.
2. Obvious trend toward younger management
Changshu Bank’s management has undergone a series of important adjustments over the past two years. In July 2024, Changshu Bank announced that the qualifications for its new chairman Xue Wen and president Bao Jian had been approved, marking a key handover in management.
Xue Wen was born in 1974, and Bao Jian is a post-1980s generation. With the addition of Cheng Pengfei this time, Changshu Bank has added another post-1970s generation to its deputy president team, making the trend of youthfulness and diversity in its management increasingly prominent.
As of now, Changshu Bank’s new management team has been basically established, showing a relatively complete and stable structure.
3. Stable performance growth
Aside from personnel changes, Changshu Bank’s operational performance is also worthy of attention. According to the 2025 interim report data, as of the end of June, the bank achieved an operating income of 6.062 billion yuan in the first half of the year, a year-on-year increase of 10.1%; net income attributable to shareholders was 1.969 billion yuan, a year-on-year increase of 13.51%. In the fiercely competitive environment among regional banks, such results are not easy to achieve.
With the formal approval of his qualifications, Cheng Pengfei will fully participate in the future development strategy and business management of Changshu Bank. For Changshu Bank, this is an important step toward further improving its governance structure and optimizing the management team. Combined with steady performance growth and the renewal of its management team, the future development direction of Changshu Bank will continue to attract market attention.
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