China Merchants Bank claims to avoid President Tian Huiyus post.

China Merchants Bank yesterday (18th) announced the news of high -level personnel changes after the stock price plummeted.China Merchants Bank announced that it would be avoided by Tian Huiyu's China Merchants Bank's president and directors, and it was appointed; the executive vice president Wang Liang presided over the work.

Announcement stated that China Merchants Bank Co., Ltd. held a board meeting yesterday.The meeting reviewed and approved the removal of Mr. Tian Huiyu, and agreed to avoid Tian Huiyu's President and Director of China Merchants Bank, and was appointed.The issue of avoiding the post of president will take effect from the date of review and approval of the board of directors.The issue of exempting the position of directors will be submitted to the company's shareholders' meeting for review.

The meeting also reviewed and approved the adjustment of Mr. Wang Liang's responsibilities, and agreed to work by Wang Liang to host China Merchants Bank.

Announcement stated that Tian Huiyu did not attend the meeting for personal reasons.

According to the Securities Times, for Tian Huiyu's whereabouts, people familiar with the matter said that Tian Huiyu may be hired as the Deputy Director (Executive) of the Financial Business Group/Platform Executive Committee of China Merchants.Chairman (Assistant to the Group's General Manager).However, there are also unrelated social media sources that Tian Huiyu was taken away to assist in the investigation.

China Merchants Bank's stock price opened yesterday morning to dive. After lunch, it was slightly recovered. As of the closing, China Merchants Bank's A shares price fell 7.35%to close at 43.39 yuan/share, the largest decline in the past seven years.

According to the WeChat public account of Beijing Daily, "Chang'an Street Knowledge" report, Tian Huiyu, 56, is from Jinzhai, Anhui. After July 2003, he served as the Deputy Governor of Bank of Shanghai and Shanghai, China Construction Bank.The deputy president of the Municipal Branch, the president of Shenzhen Branch, the CCB's retail business director and the president of Beijing Branch.In May 2013, he went to work in China Merchants Bank to serve as the party committee secretary, executive director, and president.

Wang Liang, who took over as the president of the president, joined China Merchants Bank Beijing Branch in June 1995. Since 2002, he has been the assistant, vice president, and president of China Merchants Bank.The president of the General Office of China Merchants Bank and the president of Beijing Branch, no longer served as the president of the Beijing Branch of China Merchants Bank in November 2013. In January 2015, he served as the Vice President of China Merchants Bank. From November 2016 to April 2019, he also served as secretary of the board of directors of China Merchants Bank.Since April, he has also served as the financial leader of the China Merchants Bank. Since August 2021, he has been the executive deputy president and secretary of the board of directors, the company secretary, and the authorization representative of the Hong Kong listing.

China Merchants Bank was founded in Shekou, Shenzhen in 1987. It is the first joint -stock commercial bank in China that is fully held by corporate legal persons. It is also the first pilot bank to promote reform from the system.It has become a listing of commercial banks, financial leasing, fund management, life insurance, overseas investment banking and other financial licenses such as commercial banks, financial leasing, fund management, life insurance, and overseas investment banks.