A few days ago, the 15th meeting of the seventh board of directors of Bank of Chongqing (BCQ) was held via on-site (video) conference.

Out of 14 directors expected to attend, 13 were physically present. Chairman Yang Xiuming authorized director Gao Song to attend on his behalf and exercise voting rights.

The meeting reviewed and approved several proposals, including the Bank of Chongqing Co., Ltd. Q3 2025 report, amendments to the bank’s articles of association, and adjustments to the 2025 investment plan.

For Bank of Chongqing, the first three quarters of 2025 marked a critical milestone, yet Yang Xiuming was absent from the relevant board meeting.

As of September 30, 2025, Bank of Chongqing’s total assets reached 1.02275 trillion yuan, an increase of 166.108 billion yuan (19.39%) from the end of the previous year. This makes BCQ the first city commercial bank listed on both the A-share and H-share markets to surpass the trillion-yuan threshold.

Yang Xiuming assumed the role of chairman at the beginning of 2024 and has served for over a year. Public records show that Yang, born in the 1970s, spent nearly three decades in the Agricultural Bank of China system.

His career includes positions such as staff member at Shuangshi Business Office and Credit Department of ABC Chongqing Yongchuan Branch, deputy director of Laisu Business Office, Party Secretary and President of ABC Chongqing Tongnan County Branch, Party Secretary and President of ABC Chongqing Yubei Branch, and Deputy Party Secretary and Vice President of ABC Chongqing Branch.

Since joining Bank of Chongqing, Yang has focused on driving scale expansion, though some shortcomings remain.

In the first three quarters of 2025, BCQ reported operating income of 11.74 billion yuan, up 10.4% year-on-year, and net profit of 5.196 billion yuan, a 10.42% increase, achieving growth in both revenue and profit.

However, business and administrative expenses also rose, reaching 2.81 billion yuan, up 9.9% year-on-year.

By revenue breakdown, net interest income for the first nine months of 2025 was 9.12 billion yuan, up 15.22% year-on-year, while investment income rose 24.86% to 2.34 billion yuan. However, net fee and commission income declined 27.6% to 558 million yuan.

Bank of Chongqing’s growth relies heavily on traditional deposit and loan operations as well as investment income.

As of the end of September 2025, BCQ’s total customer loans and advances stood at 520.385 billion yuan, up 79.768 billion yuan (18.10%) from the previous year-end.

Corporate loans accounted for 399.019 billion yuan (76.63%), up 5.21 percentage points from the previous year, while personal loans fell to 99.29 billion yuan (19%), down 3.27 percentage points from 22.27% at the end of 2024.

The bank remains heavily weighted toward corporate lending, with personal loans continuing to decline. Earlier reports noted that in the first half of 2025, BCQ’s personal banking segment swung to a loss, with operating income dropping 13.18% year-on-year to 1.297 billion yuan and pre-tax profit turning negative at -42.707 million yuan, compared to 430 million yuan in the same period last year.

In terms of loan quality, non-performing loans totaled 5.894 billion yuan as of Q3 2025, up 431 million yuan from the previous year-end. The NPL ratio improved slightly to 1.14%, down 0.11 percentage points.

Under the Commercial Bank Capital Management Measures, BCQ’s core Tier 1 capital adequacy ratio was 8.57%, Tier 1 capital adequacy ratio was 9.67%, and total capital adequacy ratio was 12.60%, down 1.31, 1.53, and 1.86 percentage points, respectively, from the previous year-end, indicating room for further strengthening in risk management.