Liu Xinyi resigned as Pan Weidong, Vice President of SPD Bank, or took over

China Pudong Development Bank issued an announcement yesterday (7th) stating that recently received the resignation of Liu Xinyi, vice chairman and president of the company.Due to the adjustment of work, Liu Xinyi resigned from the positions of the vice chairman, executive director, president, president of the board of directors, chairman of the Capital and Management Committee of the board of directors, members of the Strategic Committee and Nomination Committee.According to the company's articles of association, the resignation appears effective from the date of delivery of the board of directors of the company.

According to the Beijing News, before the board of directors appointed the new president and was approved by the China Banking Regulatory Commission, the executive director, vice president and chief financial officer Pan Weidong took the responsibilities.Earlier, the Organization Department of the Shanghai Municipal Party Committee had announced that Pan Weidong intends to serve as a municipal management enterprise, which means that Pan Weidong may be promoted to the president.

Liu Xinyi has worked in Pudong Development Bank for more than 20 years and has been the president since 2015.Pudong Development Bank stated in the announcement that since Liu Xinyi has served as the president, under the leadership of the board of directors, under the leadership of the board of directors, he is diligent and dedicated, leading senior management to actively serve the national strategy, serve the real economy, accelerate business transformation, strengthen risk management, and promote the development of the company's development.Quality and benefits have steadily improved to do a lot of effective work, and the company's board of directors thanked their contributions to their posts.

Liu Xinyi was born in 1965 and is currently 54 years old. He has a graduate degree and a senior economist.Liu Xinyi is a veteran of Pudong Development. Except for external positions in the middle, the basic work experience is concentrated in Pudong Development.He was the Deputy Governor (Hosting Work), the Deputy General Manager of the Shanghai Regional Headquarters and Member of the Party Committee of Pudong Development Bank in the early days of SPDB.Assistant to the director.In 2005, Liu Xinyi returned to Pudong Development Bank as deputy governor and chief financial officer.In January 2014, Pudong Development Bank issued an announcement saying that he received Liu Xinyi's resignation. Liu Xinyi resigned as the company's vice president and chief financial officer on the grounds of work transfer, and later served as the president of Shanghai Guosheng Group Co., Ltd.

One year later, Liu Xinyi returned to Pudong Development again and took over Zhu Yuchen as president. He was qualified to be approved by the former CBRC on June 19, 2015.In addition, Liu Xinyi has also served as chairman of Pudong Silicon Valley Bank, which has been established by SPDB and Silicon Valley Bank since 2015.

During the 4 years of Liu Xinyi as the Chief of Poga, Pudong Development Bank's operating data has maintained a rapid growth, and the total assets increased from 4.22 trillion yuan at the end of 2014 to 6.29 trillion yuan at the end of 2018, an increase of nearly 50%.The net profit of shareholders of the parent company increased from 47.026 billion yuan in 2014 to 55.914 billion yuan in 2018, an increase of 18%.

In May 2015, Pan Weidong was approved by the CBRC approved the deputy governor of Pudong Development Bank to be qualified. During Liu Xinyi as President Pudong Development Bank, Pan Weidong had been partnering with him.

Pan Weidong was born in 1966. He is currently 53 years old. He has a graduate degree, a master's degree in economics, and a senior economist.He joined the work in July 1988. He was the deputy manager of the business department of Ningbo Securities Company in the early days; later joined SPDB, served as General Manager of the Ningbo Branch Finance Department, President of Beilun Sub -branch, Deputy Governor of Ningbo Branch, and General President of SPDBManager, president of Kunming Branch, Secretary of the Party Group.

Similar to Liu Xinyi, Pan Weidong also has an experience in the Shanghai Financial Office. From June 2005 to March 2008, he was hired as the director of the financial institution of the Shanghai Municipal Financial Services Office.Since then, Pan Weidong has been the assistant to the general manager of Shanghai International Group, and later promoted to the deputy general manager, and concurrently served as chairman of Shanghai International Trust Co., Ltd.In 2015, Pan Weidong returned to Pudong Development Bank, becoming the first vice president of the bank, and concurrently served as the chief financial officer.

It is worth noting that Pudong Bank initiated the acquisition of Shanghai Trust shortly after Pan Weidong's return.On June 16, 2015, Pudong Development Bank announced that it intends to acquire a total of 97.33%of the Shanghai Trust holding a total of 97.33%of the Shanghai Trust held from Shanghai International Group and Shanghai Jiushi Company.By the completion of the acquisition in 2016, Shanghai Trust became the holding subsidiary of SPD Bank, and SPD also became the fourth bank with a trust license.

On October 27 this year, the Organization Department of the Shanghai Municipal Party Committee issued a number of cadres of the municipal party committee before office.Among them, Pan Weidong, deputy president of SPD Bank, intends to be the official position of the municipal management enterprise.After the resignation of Liu Xinyi, Liu Xinyi duties on behalf of the president. Pan Weidong was considered the governor to take over and will partner with Zheng Yang, who has just been transferred to Pudong Development Bank.Zheng Yang had previously served as Secretary of the Financial Working Committee of the Communist Party of China and the director of the Shanghai Local Financial Supervision and Administration Bureau. He was the secretary of the Party Committee of SPDB in July this year and was recommended as chairman of Pudong Development Bank.Approved by the China Banking Regulatory Commission.