trending Market Intelligence /marketintelligence/en/news-insights/trending/VakeFE4UZqIqatBfHt3_5w2 content esgSubNav
In This List

Report: Chengdu Rural Commercial Bank chairman resigns; interim successor named

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Banking Essentials Newsletter: July Edition - Part 2


Report: Chengdu Rural Commercial Bank chairman resigns; interim successor named

Chengdu Rural Commercial Bank Co. Ltd. Chairman Chen Ping resigned upon the expiry of his employment contract, Caixin reported Jan. 2, citing sources.

The resignation came as Anbang Insurance Group Co. Ltd., the controlling shareholder of Chengdu Rural Commercial Bank, is selling its 35% stake in the bank. Anbang Insurance Group was taken over by the Chinese government in February 2018 as part of efforts to reduce financial risk.

The China Banking and Insurance Regulatory Commission named Xie Shaobo as interim chairman of Chengdu Rural Commercial Bank. Xie is currently an executive at Ping An Bank Co. Ltd., and was appointed by the commission in 2019 to monitor the bank's risk, according to the report.