Zhangjiagang Rural Commercial Bank is set to welcome a new chairman and president, both promoted from within. The bank held an interim board meeting on July 13, approving resolutions including leadership transition. Current chairman Sun Wei is stepping down due to reaching the age limit and will become a company supervisor. Party Secretary Wu Kai will assume the chairman's duties. Born in March 1979, he is poised to become the youngest chairman among A-share listed rural commercial banks upon regulatory approval. Deputy Party Secretary Wang Hui will assume the president's duties. Born in May 1983, he started as a branch employee, previously served as vice president, and is now acting president. Additionally, the bank disclosed its executive compensation plan, with deferred performance pay returned over a rolling three-year period and including clawback provisions. In the first quarter of 2026, Zhangjiagang Rural Commercial Bank achieved operating revenue of 1.266 billion yuan, down 4.43 percent year-on-year, with net profit attributable to shareholders of 576 million yuan, up 2.5 percent. Total assets stood at 240.372 billion yuan, and the non-performing loan ratio was 0.94 percent.
Jiangsu Zhangjiagang Rural Commercial Bank Co LtdLeadership change and executive compensation plan disclosed; revenue down but profit up, mixed signals.