Postal Savings Bank of China Appoints Former Mayor as New President Following 10 Month Vacancy

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One of China’s big six state-owned banks has appointed the former mayor of Qiqihar and Qitaihe as its new president following a ten-month vacancy in the post.

The Postal Savings Bank of China (PSBC) announced its decision to appoint Guo Xinshuang (郭新双), the executive director and vice-general manager of China Export and Credit Insurance Corporation (CECIC), as president on 30 October.

Guo worked with CECIC from November 2016 to October of this year.

Prior to his time with CECIC Guo was executive director and vice-general manager of China Everbright (Group) from 2014 to 2016.

From 2010 to 2014 Guo held a range of top positions with municipal governments in Heilongjiang province, serving as mayor of the cities of Qitaihe and Qiqihar.

From 2006 to 2010 Guo also held senior positions with China Development Bank, including party secretary and president of the Heilongjiang province branch (2006 – 2008) and head of the planning department (2009 – 2010).

The appointment of Guo comes after a ten-month vacancy in the position of PSBC president, following the departure of former incumbent Lu Jiajin (吕家进) in January of this year, to assume the position of president of big six state-owned lender Bank of Communications.

In April of this year Zhang Jinliang (张金良) was appointed party secretary and chair of PSBC.

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