The appointment of Wang Qi as the Board Secretary of JINSHANG BANK (HKG: 02558) has been officially approved by the Shanxi regulatory bureau of the National Financial Regulatory Administration.

Wang Qi, 48 years old, holds a bachelor's degree in Economic Information Management from Jinan University and a master's degree in Finance from Capital University of Economics and Business. He is also a certified senior accountant.

He brings over two decades of experience in economic management and the financial sector. His career began at China Construction Bank's Qilu Petrochemical sub-branch.

He spent nearly twenty years at China Huaneng Group Finance Co., Ltd., progressing through various key departments including Settlement, Human Resources, and Credit Business, where he rose to the position of department head. He also completed a temporary assignment at Huaneng Taicang Power Plant in 2020.

Wang Qi joined JINSHANG BANK in 2024. He was appointed as a Vice President in July 2024 and subsequently elected as an Executive Director in December of the same year, also serving on several board committees.

With this latest approval, Wang Qi now holds the combined roles of Vice President, Executive Director, and Board Secretary. His responsibilities will encompass bank management, corporate governance, information disclosure, and investor relations. His total pre-tax compensation for 2025 was reported as 814,000 yuan.

JINSHANG BANK's Financial Performance

As Shanxi's first listed city commercial bank, JINSHANG BANK has seen its asset base expand, reaching 393 billion yuan by the end of 2025. However, its profitability has faced challenges in recent years.

The bank reported a decline in both operating income and net profit for 2024 and 2025. For 2025, operating income was 54.45 billion yuan, down 6.11% year-on-year, while net profit attributable to equity holders fell 5.1% to 16.65 billion yuan.

Analysts point to declining market interest rates as a primary factor, with net interest income dropping 7.71% in 2025. Key metrics like net interest margin and net interest spread compressed to 1.07% and 0.96%, respectively, squeezing core profitability.

In the first quarter of 2026, the bank showed mixed results with a slight increase in revenue but a minor decrease in net profit, indicating ongoing operational pressures.