Multiple branch officials of Postal Savings Bank of China are promoted, China Post Investment management team finalized

Source: Financial Personnel Mini

On March 20, Postal Savings Bank of China announced that it has received approval from the Financial Regulatory Authority. The bank’s newly established China Post Financial Asset Investment Co., Ltd. (referred to as “China Post Investment”) has been approved to commence operations. China Post Investment has a registered capital of 10 billion RMB and is registered in Beijing.

Bank personnel learned that the main leadership team of China Post Investment, including the Chairman, General Manager, and Discipline Inspection Secretary, has been finalized. Recently, several cadres at Postal Savings Bank have been promoted to deputy branch president of first-level branches. This report summarizes those promotions.

Branch Cadres Promoted

Liu Jingyuan, head of the Dongcheng District Branch in Beijing, has been promoted to Deputy Branch President of Beijing. It is understood that Liu Jin, head of the Haidian Branch of Postal Savings Bank, has taken over as head of the Dongcheng Branch, and Qu Ying from the Credit Approval Department of the Beijing Branch has succeeded as head of the Haidian Branch.

Liu Jingyuan, who previously served as Deputy Head (acting) and Head of the Mentougou District Branch in Beijing, has been the head of the Dongcheng Branch since April 2021. Recently, Liu Jingyuan has been working as Deputy Branch President of Beijing, visiting China Post Aviation, and clarifying cooperation paths in key areas such as credit financing and asset revitalization.

Ye Songqing, head of the Taizhou Branch, has been promoted to member of the Party Committee of the Shanghai Branch.

Ye Songqing has been deeply involved in Zhejiang Province’s Postal Savings Bank system for many years, serving as Assistant to the Branch Head of Wenzhou, Deputy General Manager of the Credit Department of Zhejiang Province, Deputy Head of Wenzhou Branch, and since February 2021, as Head of Huzhou Branch. He was transferred to be Head of Taizhou Branch at the end of 2023.

On March 3, Jiang Guosheng’s qualification for the position of Deputy Head of Anhui Province Branch was approved; he previously served as Assistant General Manager of the Credit Department of Anhui Province Branch, Head of Bozhou Branch, General Manager of the Corporate Finance Department of Anhui Province Branch, and is expected to be promoted to Party Committee Member of Anhui Province Branch by the end of 2025.

From their resumes, these three cadres promoted by Postal Savings Bank have all grown from grassroots positions and have rich branch management experience.

Regarding talent development, Postal Savings Bank states in its annual report that it adheres to a talent strategy that supports business and service strategies, continuously optimizes the overall talent structure, and actively stimulates employees’ potential and work enthusiasm. The goal is to coordinate personnel scale with business development and ensure effective talent allocation to support the bank’s transformation and growth.

The bank has also optimized pathways for cultivating young cadres, implementing dual-position management for headquarter and branch management personnel, and establishing a vibrant and dynamic personnel and talent mobility mechanism, providing ample opportunities for young cadres to gain experience.

The 9th Bank-Affiliated AIC

With the official opening of China Post Investment, the number of bank-affiliated financial asset investment companies has increased to nine. Among these, six major state-owned banks have all obtained AIC licenses, while the remaining three are Industrial Bank, China Merchants Bank, and China CITIC Bank.

According to AiQicha information, China Post Investment has seven key members, all from Postal Savings Bank.

The legal representative and Chairman, Du Chunye, along with Director and Manager Zhu Yuanrong; all four directors are heads of departments at the head office of Postal Savings Bank, including Peng Zuogang, General Manager of the Credit Approval Department; Ge Xiaoli, General Manager of the Human Resources Department; Zhou Qiong, General Manager of the Investment Banking Department; and Deng Ping, General Manager of the Financial Accounting Department. The financial officer is Lu Jichao, Director of the Equity Financing Division of the Investment Banking Department at the head office.

Bank personnel also learned that Li Ying, Deputy Director of the Discipline Inspection Office of Postal Savings Bank, serves as Secretary of the Discipline Inspection Committee of China Post Investment.

Du Chunye, Vice President and Secretary of the Board of Postal Savings Bank, also serves as Chairman of China Post Investment.

Du Chunye holds a Master’s in Business Administration from Beijing University of Posts and Telecommunications and is a Senior Economist. He previously served as Deputy Manager and Manager of the General Office of the Postal Group, as well as General Manager of the General Office of Postal Savings Bank, Vice President of Beijing Branch, and President of Shenzhen Branch. In March 2017, he became Co-Secretary of Postal Savings Bank, and in April 2017, he was appointed Secretary of the Board. Since July 2020, he has served as Vice President.

It is understood that Du Chunye oversees Postal Savings Bank’s corporate finance business and leads the development of the “1+N” corporate finance operation system. During last year’s mid-term performance briefing, he explained the overall strategic plan for the newly established AIC subsidiary, aiming to build “Four Major Platforms”: an integrated platform for investment and lending, a long-term capital platform for technological innovation, a structured reform debt-to-equity platform, and an equity investment management platform.

The General Manager of the Strategic Development Department of Postal Savings Bank, Zhu Yuanrong, also serves as General Manager of China Post Investment. He has previously served as General Manager of the International Business Department/Trade Finance Department, Transaction Banking Department, and Asset Management Department of Postal Savings Bank.

On March 20, Postal Savings Bank held the “China Post Investment Service for Technological Innovation Launch Conference,” attended by Liu Aili, Chairman of China Post Group, and Zheng Guoyu, General Manager, among others. The new President of Postal Savings Bank, Lu Wei, presided over the event.

At the launch, China Post Investment signed framework agreements with 14 units in fields such as integrated circuits, clean energy, advanced manufacturing, and industrial investment.

Postal Savings Bank stated that China Post Investment will accelerate the development of an integrated financial service ecosystem of “equity, loans, bonds, and investments,” focus on market-oriented debt-to-equity swaps, and pursue the mission of “early, small, long-term, and hard-tech investments,” to empower technological enterprises, support the high-quality development of traditional, emerging, and future industries.