Bank of China Vice President Wang Zhiheng Resigns to Head China Everbright Bank

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The vice-president of one of China’s big state-owned banks is on track to head one of the country’s leading joint-stock lenders.

On 13 January Bank of China (BOC) announced that vice-president Wang Zhiheng (王志恒) had submitted his resignation to the board of directors and that it would come into effective immediately.

The move comes after China Everbright Bank’s board announced on 8 December that it had approved plans to appoint Wang to the position of president, effective as soon as the China Banking and Insurance Regulatory Commission (CBIRC) gives its approval.

49 year-old Wang obtained a PhD in economics from Nankai University in 1999, before subsequently joining BOC. During a career of more than two decades at BOC, Wang has held positions including general manager of the human resources department, vice-president of the Guangdong province branch, president and party secretary of the Qinghai branch, and president and party secretary of the Beijing branch.

If appointed to the position of president, Wang will be the fifth banker to head China Everbright Bank since 2016.