Agricultural Bank of China President Zhao Huan succeeds Hu Huaibang as Secretary of CD

Agricultural Bank of China President Zhao Huan.Visual China Data Map

On the afternoon of September 27, 2018, the China Development Bank held a cadre meeting in Beijing.Qi Yu, vice minister of the Organization Department of the Central Committee of the Communist Party of China, announced the appointment and dismissal decision of the CPC Central Committee at the meeting. Zhao Huan was appointed as the secretary of the party committee of the China Development Bank and nominated as the chairman of the board; Hu Huaibang no longer served as the party secretary and chairman of the party committee of the China Development Bank.The appointment and dismissal of the chairman shall be handled in accordance with relevant laws and regulations and the articles of association.

Very proficient in business, very meticulous and rigorous work style, strong coordination ability, and dare to take responsibility.A banker who once worked with Zhao Huan said so to The Paper reporter.

Zhao Huan, 55 years old, is from Qichun, Hubei. He holds a bachelor's degree in engineering from Xi'an Jiaotong University and is a senior economist.Judging from the public resume, Zhao Huan's work experience is mostly concentrated in the banking industry.From March 2001 to May 2003, served as the deputy general manager of the corporate business department of China Construction Bank; from July 2003 to April 2004, served as the vice president of Xiamen Branch of China Construction Bank; from April 2004 to July 2007He served successively as Deputy General Manager and General Manager of the Corporate Business Department of China Construction Bank;

In July 2007, he served as the main person in charge of Shanghai Branch of China Construction Bank, and in September of the same year, he served as the president of Shanghai Branch of China Construction Bank.In December 2010, Zhao Huan returned to the head office and served as a member of the senior management of China Construction Bank, and later served as the vice president of China Construction Bank.

In January 2014, Zhao Huan was transferred from China Construction Bank to China Everbright (Group) Corporation as a member of the party committee and president of China Everbright Bank.In January 2016, Zhao Huan was transferred from the president of Everbright Bank to the president of Agricultural Bank of China.Prior to this, after Zhang Yun, Zhao Huan's former president of the Agricultural Bank of China, resigned due to personal reasons, Liu Shiyu, then chairman of the board of directors, had been performing the duties of the president.

When Zhao Huan first arrived at the Agricultural Bank of China, he was faced with a rising non-performing rate, and exposure to risky cases such as negotiable bills and financial management slips.In just over two years, the Agricultural Bank of China has become the bank with the fastest growth in net profit among the four major banks, and the non-performing ratio has also decreased year by year.

In the first half of this year, the net profit growth rate of Agricultural Bank of China was 6.63%, that of China Construction Bank was 6.3%, and the growth rate of the other two banks was lower than 6%.The rate was 1.62%, a decrease of 0.19 percentage points from the end of the previous year, achieving double decline again.

During Zhao Huan's tenure, the Agricultural Bank of China also completed a fixed increase of 100 billion yuan.On March 12, the Agricultural Bank of China announced a fixed increase plan of 100 billion yuan to supplement the bank's core tier-one capital; on May 29, the China Securities Regulatory Commission's Issuance Examination Committee approved it; on the evening of July 3, the Agricultural Bank of China announced the completion of the issuance.This fixed increase has also become the largest refinancing in the history of A shares.

The 63-year-old Hu Huaibang succeeded Chen Yuan in April 2013 as Secretary of the Party Committee and Chairman of the Open Bank of China, and the latter participated in the preparation of the BRICS Bank.Judging from his resume, Hu Huaibang worked as a teacher in his early years. He successively worked in Shaanxi Institute of Finance and Economics (the predecessor of Xi'an Jiaotong University) and China Finance Institute directly under the People's Bank of China.class).

Since 2000, Hu Huaibang has served as the vice president and party secretary of the Chengdu Branch of the People's Bank of China, and later served as the president and party secretary of the Xi'an Branch of the People's Bank of China and the director of the Shaanxi Branch of the State Administration of Foreign Exchange.

In July 2003, Hu Huaibang transferred from a financial institution to a supervisory department, to the China Banking Regulatory Commission, and successively served as the director of the work department of the supervisory department and the secretary of the discipline inspection committee.From September 2007 to September 2008, he served as Deputy Secretary of the Party Committee, Chief Supervisor and Secretary of the Disciplinary Committee of China Investment Corporation.In September 2008, Hu Huaibang was transferred to the party secretary and chairman of the Bank of Communications.

In April 2013, Chen Yuan, the party secretary and chairman of the Open Bank of China at the time, resigned and Hu Huaibang took over.

Founded in 1994, China Development Bank is a policy-oriented financial institution directly under the leadership of the State Council of China.As the world's largest development financial institution, China's largest foreign investment and financing cooperation bank, medium and long-term credit bank and bond bank, China Development Bank mainly serves the major medium and long-term development strategies of the national economy through the development of medium and long-term credit and investment and other financial businesses.

As of the end of 2017, the total assets were 15.96 trillion yuan, the loan balance was 11.04 trillion yuan; the net profit was 113.6 billion yuan, the ROA was 0.75%, the ROE was 9.45%, and the capital adequacy ratio was 11.57%.

According to Jin Tao, director of the U.S.-Africa Business Department of the International Cooperation Bureau of the CDB, at a regular press conference on the banking industry held on September 20, as of the end of June this year, the non-performing loan ratio of the CDB was 0.67%, marking the 53 consecutiveThe quarter remained below 1%.