Senior Execs at China Construction Bank, China Merchants Bank Resign for Age-related Reasons

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Two of the senior-most executives from a leading big state-owned bank and a top joint-stock lender in China have resigned from their positions on the grounds of age.

On 3 April Huang Yi (黄毅), vice-president at state-owned lender China Construction Bank (CCB), announced that he had submitted his resignation from the board of the bank as well as his position as vice-president.

On the same date joint-stock lender China Merchants Bank (CMB) announced that its board had unanimously approved a resignation submitted by vice-president Tang Zhihong (唐志宏) on the grounds of age.

2020 has already seen the resignation of the vice-presidents of three other leading banks in China, including big state-owned lenders the Industrial and Commercial Bank of China (ICBC) and Bank of China (BOC), as well as regional lender the Bank of Qingdao.

ICBC’s (胡浩) Hu Hao resigned as vice-president in February, while Wu Fulin (吴富林) resigned from the position of executive director and vice-president at BOC in the same month.

Bank of Qingdao’s Yang Fengjiang (杨峰江) resigned in March of this year as its 7th executive director and vice-president due to work adjustments.

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