Huaxia Bank Set to Welcome New President Following Six Month Vacancy

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Beijing-headquartered Huaxia Bank is expected to welcome a new president following a near six-month vacancy in the lender’s top position.

Multiple sources said to 21st Century Business Herald that Guan Wenjie (关文杰), vice-president at Huaxia Bank, is tipped to assume the role of president contingent upon approval from regulators.

51-year old Guan is a PhD holder and a senior accountant, who has previously held a range of roles with Huaxia Bank in the Shandong province capital of Qingdao. These include party secretary and president of Huaxia’s Qingdao branch.

Huaxia Bank has been without a president since 17 February, when it announced that Zhang Jianhua (张健华) was resigning to assume the role of chair of the Financial Development and Regtech Research Centre at Tsinghua University.

As of the end of June 2022 Huaxia Bank had total assets of 3.84 trillion yuan, with total loans of 2.3 trillion yuan and total deposits of 2.14 trillion yuan.

Net profits of Huaxia Bank were 11.53 billion yuan in the first half, for year-on-year growth of 5.01%.