Luzhou Bank's "Post-85s" Deputy President Wang Chong Nominated for Executive Position at Municipal State-Owned Enterprise, Previously Led Chengdu Branch

Latest Public Notice: Luzhou Municipal Party Committee Organization Department Announces Candidate for Key Position

Recently, the Luzhou Municipal Party Committee Organization Department released a public notice of candidate approval for a key position. Currently, Wang Chong, Vice President of Luzhou Bank (HK01983, stock price 1.95 HKD, market value 5.3 billion HKD) and President of Chengdu Branch, is being considered for the position of head of a state-owned enterprise.

According to publicly available information, Wang Chong has over 18 years of banking experience. He worked at China Construction Bank for nearly ten years. Since joining Luzhou Bank in 2016, he has focused on the Chengdu market. Starting March 2024, he officially took charge of the Chengdu Branch and was appointed Vice President of Luzhou Bank in January 2025.

Currently, Chengdu has become a strategic focus for this Hong Kong-listed bank. As of February 2026, Luzhou Bank’s Chengdu Branch has 10 outlets, far exceeding other branches. Unaudited financial reports show that in the first three quarters of 2025, Luzhou Bank achieved a net profit of 1.268 billion RMB, an 18.5% increase year-over-year, with total assets exceeding 194 billion RMB at the end of the period.

Appointed Vice President Last Year

Public information indicates that Wang Chong was born in May 1985. He holds a postgraduate degree and is a member of the Communist Party of China. With over 18 years of banking experience, his career spans major state-owned banks and listed city commercial banks.

Wang Chong began his banking career at China Construction Bank. From July 2007 to December 2016, he worked at several branches in Sichuan Province, serving as Deputy Branch Manager of Chengdu Shuangjian Road Branch and as a corporate and institutional client manager starting August 2014.

In December 2016, Wang Chong joined Luzhou Bank, marking his transition into city commercial banking. Early on, he worked at the Chengdu R&D Center and Chengdu Branch on business development; from January 2017, he served as General Manager of the Credit Expansion Department at the Joint Innovation Center, General Manager of the Important Customer Management Department, and Vice President of the Important Customer Business Division.

In August 2021, Wang Chong returned to Luzhou Bank’s Chengdu Branch. From February 2022, he served as Deputy Branch Manager, and from October 2023, he temporarily assumed the role of Acting Branch Manager. In March 2024, he was officially appointed as Branch President. On January 23, 2025, Wang Chong was appointed Vice President by Luzhou Bank’s Board of Directors.

According to Luzhou Bank’s organizational structure, as of June 2025, the bank has a senior management team with a “one president and seven vice presidents” configuration. Besides Chairman You Jiang, the core leadership team includes President Liu Shirong; Vice Presidents Yuan Shihong, Xue Xiaoqin, Wu Ji, Han Gang (also Chief Information Officer), Ming Yang (also Board Secretary and Co-Secretary), Hu Jia, Yang Bing; along with Assistant President Ai Yong, Internal Audit General Manager Li Yan, and Accounting & Finance General Manager Wang Lan.

Notably, current President Liu Shirong, aged 60, is considered a “veteran” of the bank. Since its founding in 1997, he has held various key roles, starting as Deputy Head of a grassroots branch, then serving as Office Director, Head of Accounting & Finance, Board Secretary, Vice President, and finally becoming President in June 2022. He has been with Luzhou Bank for nearly 29 years.

Chengdu as a Strategic Expansion Area

Public records show that Luzhou Bank was originally established as Luzhou City Cooperative Bank in September 1997. It was renamed Luzhou City Commercial Bank Co., Ltd. in 1998 and adopted its current name in June 2019.

As a state-owned enterprise under Luzhou City, Luzhou Bank was listed on the Main Board of the Hong Kong Stock Exchange in December 2018, becoming the first city-level bank in western China to go public. Major domestic shareholders include Luzhou Laojiao Group, Sichuan Jiale Enterprise Group, Luzhou Xinfu Mining Group, Luzhou Finance Bureau, and Luzhou State-owned Assets Operation Co., Ltd.

Public information indicates that Luzhou Bank currently has three branches in Chengdu, Meishan, and Suining. As of February 2026, the Chengdu Branch has 10 outlets, significantly more than Suining and Meishan branches.

Oriental Jincheng’s credit assessment report notes that Luzhou Bank’s business mainly covers Luzhou City and parts of Chengdu. Corporate deposit clients are primarily local government agencies, public institutions, and large state-owned enterprises in Chengdu and Luzhou. Corporate loans mainly serve enterprises in Chengdu and Luzhou. Chengdu’s strong economic strength provides a favorable external environment for Luzhou Bank’s development.

Leveraging its extensive branch network, solid customer base, and expanding business in Chengdu, Luzhou Bank’s assets have grown steadily in recent years. Unaudited financial data as of September 2025 shows total assets of 194.074 billion RMB, up 13.49% from the beginning of the year; non-performing loan ratio at 1.29%, down 12 basis points year-over-year; provision coverage ratio at 371.91%, up 13.05 percentage points. In the first three quarters of 2025, the bank achieved a net profit of 1.268 billion RMB, an 18.5% increase year-over-year.