Wang Xifeng's resignation as the president of Hengfeng Bank has proposed a listing plan within 5 years

A few days ago, Hengfeng Bank issued a temporary announcement saying that due to work changes, Wang Xifeng had resigned to the bank's board of directors, resigning as a member of the executive director, president and the board of directors and the members of the Strategy and Innovation Development Committee, members of the Risk Management and Consumer Rights Protection Committee, and affiliated transactions. Council member of the Control Committee.

The reporter tried to contact Hengfeng Bank staff and asked Wang Xifeng's next stop.

Hengfeng Bank temporary announcement information Source: Hengfeng Bank official website

Public information shows that Wang Xifeng was born in 1965, graduated from Ocean University of China, and later obtained a master's degree in business administration from the senior management staff of Xi'an Jiaotong University. He joined Hengfeng Bank in November 2017, and has been the president and executive director of Hengfeng Bank since June 2018.

"Daily Economic News" reporter learned that Wang Xifeng has long served in various branches in Shandong Province, Bank of China for a long time. The 2021 annual report disclosed by Hengfeng Bank shows that Wang Xifeng was the deputy director of the Finance and Accounting Office of the Qingdao Branch of the Bank of China, deputy director and director of the Finance and Accounting Office of the Bank of China Shandong Branch, Secretary and President of the Party Committee of the Rizhao Branch of the Bank of China, Member of the Party Committee of the Bank of China Shandong Branch, assistant and chief financial officer of the president, assistant general manager of the Financial Management Department of Bank of China, member of the Party Committee of the Bank of China Shandong Branch, Deputy Governor and Chief Financial Director, Member of the Party Committee and Vice President of the Bank of China Shandong Branch The party committee secretary and president of the Jinan Branch, the party committee secretary and president of the Bank of China Shandong Branch.

Hengfeng Bank pointed out in the announcement: "During his tenure in the bank, Wang Xifeng fulfilled his duties and diligently responsible, and effectively implemented the decision -making and deployment of the board of directors. grateful."

It is worth mentioning that in October 2020, Wang Xifeng revealed the Hengfeng Bank's listing plan within 5 years at a press conference held by the CBRC. At that time, Wang Xifeng said that the bank has set the goal of achieving listing within five years. Focusing on the goal of listing within five years, the bank will be advanced in the standard industry, supplement management shortcomings, improves profitability, accelerate financial innovation, effectively enhance investment in investment, and effectively enhance investment in investment. The attractiveness of the person, strive to meet the listing conditions as soon as possible.

Source: Hengfeng Bank Co., Ltd. 2021 annual report

According to the bank's 2021 annual report, during the reporting period, the bank's operating income was 23.879 billion yuan, a year -on -year increase of 13.56%; the net profit attributable to the bank's shareholders was 6.381 billion yuan, an increase of 20.17%year -on -year. As of the end of 2021, the bank's total assets reached 1217.259 billion yuan, an increase of 9.25%over the end of the previous year; the non -performing loan ratio was 2.12%, a decrease of 0.55 percentage points from the end of the previous year; the preparation coverage rate was 151.56%, an increase of 1.19 percentage points from the end of the previous year.

Daily Economic News

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