After more than 6 months, Chengdu Bank's new chairman's appointment qualifications approved! Huang Jianjun returns to former employer to take the helm

Source: TuChong

Chengdu Bank’s new Chairman officially appointed.

On the evening of March 11, Chengdu Bank (601838) (601838.SH) announced that it received approval from the Sichuan Financial Regulatory Bureau, confirming Huang Jianjun’s qualification for the positions of Director and Chairman of Chengdu Bank.

In August last year, Chengdu Bank announced that due to organizational reassignment, Wang Hui resigned from his positions as Chairman and other roles. The bank also announced the new Chairman candidate, and through a board election, Huang Jianjun was elected as the new Chairman.

For Chengdu Bank, Huang Jianjun is not a new face; he has long been involved with the bank, serving as head of multiple departments, board secretary, assistant to the president, and vice president. Later, he was transferred to Chengdu Rural Commercial Bank, where he served as President and Chairman.

It is worth noting that after Wang Hui’s departure as Chairman of Chengdu Bank, his next position was at Chengdu Rural Commercial Bank, where he served as Chairman, effectively swapping roles with Huang Jianjun. Also on March 11, the Sichuan Financial Regulatory Bureau approved Wang Hui to serve as Director and Chairman of Chengdu Rural Commercial Bank.

Regarding the future plans and development of the company under the new Chairman, Times Weekly reporter contacted Chengdu Bank but has not received a response as of press time.

Huang Jianjun returns to his former employer

Born in November 1975, Huang Jianjun is 51 years old. He graduated from Sichuan University with a major in Political Economy, holds a doctoral degree in professional studies, and is a senior economist.

Early in his career, Huang Jianjun worked at the Chengdu branch of Industrial and Commercial Bank of China, then joined the predecessor of Chengdu Bank, Chengdu Commercial Bank, starting from the grassroots level. He has served as head of the Office Secretary Section, Deputy Director of the Office and Director of the Target Supervision Office, Director of the Board Office, General Manager of the Corporate Business Department, and General Manager of the Small and Medium Enterprise Department.

Huang Jianjun was promoted step by step within Chengdu Bank, serving as branch manager of the High-tech Zone Branch, General Manager of the Corporate Business Department, Party Secretary and President of the Xi’an Branch. After being promoted to Vice President in 2016, he was also appointed as Deputy Director of the Financial Bureau of Foshan City, Guangdong Province.

In June 2020, Huang Jianjun resigned as Vice President of Chengdu Bank and joined Chengdu Rural Commercial Bank, where he was appointed Deputy Party Secretary and President. Two years later, he became Chairman of that bank. His approval now signifies his return to his “old employer” after nearly six years, taking the helm again.

During his tenure as Chairman of Chengdu Rural Commercial Bank, the bank achieved good results, with total assets increasing from 519.7 billion yuan in 2020 to 999.1 billion yuan as of the end of September 2025, just shy of one trillion. On January 1 this year, Chengdu Rural Commercial Bank announced via its official WeChat that its assets had surpassed one trillion yuan.

Last August, Huang Jianjun returned to Chengdu Bank. Meanwhile, Wang Hui stepped down as Party Secretary and Chairman of Chengdu Bank and appeared in January this year as Party Secretary and Chairman of Chengdu Rural Commercial Bank. In December last year, Chengdu Bank and Chengdu Rural Commercial Bank officially signed a strategic cooperation agreement, aiming to collaborate comprehensively in serving urban development strategies.

Lin Xianping, Executive Deputy Secretary-General of the China Urban Expert Think Tank Committee, told Times Weekly that the dual appointment and exchange of Chairmen between Chengdu Bank and Chengdu Rural Commercial Bank is a typical coordinated personnel arrangement for local state-owned banks, with multiple implications including stable operations, resource complementarity, and risk prevention. Huang Jianjun, a veteran of Chengdu Bank, can quickly connect governance and business upon return, ensuring strategic continuity; Wang Hui, with experience in refined management and high profitability operations at listed city commercial banks, can help standardize governance and improve retail and digital levels at the rural commercial bank.

Lin Xianping also said that for local financial regulation, rotating senior executives among core financial institutions within the same city helps unify regional financial resources, strengthen risk prevention, optimize leadership teams, reduce long-term compliance risks, and send positive signals to the market about regional financial stability and support for Chengdu-Chongqing financial center development.

Recently increased capital to 4.238 billion yuan

At the time of Wang Hui’s departure, Chengdu Bank’s board of directors described him as a “pioneer, witness, and leader in the development of Chengdu Bank” in its announcement.

Wang Hui joined Chengdu Commercial Bank in March 2005 and served as President. During his tenure, the bank was renamed Chengdu Bank and, in January 2018, led the bank to list on the Shanghai Stock Exchange, becoming Sichuan’s first listed bank and the eighth city commercial bank listed in A-shares nationwide.

Since going public, Chengdu Bank’s performance has maintained steady growth. From 2018 to 2024, operating income increased from 11.59 billion yuan to 22.98 billion yuan, and net profit attributable to shareholders rose from 4.649 billion yuan to 12.858 billion yuan.

In the first three quarters of 2025, the bank achieved operating income of 17.761 billion yuan, a year-on-year increase of 3.01%; net profit attributable to shareholders was 9.493 billion yuan, up 5.03%. As of the end of September 2025, Chengdu Bank’s total assets reached 1.3853 trillion yuan, an increase of 135.1 billion yuan or 10.81% from the previous year.

Meanwhile, Chengdu Bank’s capital adequacy ratio has been under pressure. As of the third quarter of 2025, its core Tier 1 capital adequacy ratio was 8.77%, down 0.29 percentage points from the end of 2024; in 2023, this ratio was as low as 8.22%.

Additionally, Chengdu Bank’s net interest margin decreased to 1.58% in the first three quarters of 2025, down 0.63 percentage points from 2.21% at the end of 2018.

To ease capital pressure and enhance risk resistance, Chengdu Bank has also made efforts. On March 6, the bank announced that it had been approved to increase its registered capital from 3.736 billion yuan to 4.238 billion yuan, a 13.46% increase.

This capital increase was due to the early redemption and conversion of previously issued convertible bonds. In March 2022, Chengdu Bank issued 8 billion yuan of A-share convertible bonds (“Chengyin Convertible Bonds”). By the end of 2024, as the stock price reached 130% of the conversion price for several consecutive days, triggering a conditional redemption clause, the bank decided to exercise the early redemption option.

As of the redemption registration date on February 5, 2025, a total of 7.995 billion yuan of “Chengyin Convertible Bonds” had been converted, with a conversion rate of 99.94%, increasing the bank’s share count to approximately 4.238 billion shares.

The approval of this capital increase also makes Chengdu Bank the first bank in 2026 to expand capital through convertible bond conversions.