Bank of Gansu has announced a leadership transition for its president position.
On September 15, Bank of Gansu announced that its board of directors approved the appointment of Shi Hailong as the new president, with his qualification pending regulatory approval. On September 12, Bank of Gansu issued a resignation announcement stating that former president Wang Xizheng had resigned from his positions as president, executive director, and member of the board's strategic development committee due to work transfer.
Notably, Wang Xizheng (currently 51 years old) and Shi Hailong (currently 52 years old) are not only similar in age but also share highly comparable career trajectories, reflecting the typical career path of local financial talent flowing from state-owned major banks to regional financial systems in Gansu. Both started their careers at China Construction Bank's Gansu Branch and gained cross-sector experience in financial asset management and government financial administration, deeply cultivating their expertise in the local financial system while holding key management positions at core institutions.
According to the announcement, Shi Hailong possesses extensive experience in the financial industry and management positions. His career began at China Construction Bank's Gansu Branch, followed by a role as manager of the audit committee office at China Cinda Asset Management Corporation's Lanzhou Office. He then entered government service as deputy director of the comprehensive department at Gansu Provincial Government Financial Office. During his tenure at local financial institutions, he successively served as party committee member and head of the party committee organization department and general manager of human resources at Gansu Rural Credit Cooperative Union, party secretary and chairman of Lanzhou Rural Commercial Bank, and party committee member and deputy director of Gansu Rural Credit Cooperative Union. Subsequently, he joined Gansu Financial Holding Group Co., Ltd., serving as party committee member and head of the disciplinary inspection and supervision group dispatched by Gansu Provincial Commission for Discipline Inspection and Supervision, as well as party committee member and deputy general manager. Since September 2025, Shi Hailong has served as deputy party secretary of Bank of Gansu.
In the September 12 announcement, Bank of Gansu gave Wang Xizheng high praise, stating that since joining the bank, he had been diligent and dedicated in his duties, playing an important role in leading the entire bank to comprehensively strengthen risk compliance management and control and effectively promote high-quality development. The board of directors fully acknowledged and highly praised Wang Xizheng's tremendous contributions to the bank during his tenure and expressed heartfelt gratitude.
Wang Xizheng joined China Construction Bank's Gansu Branch in July 1995, successively serving as party general branch committee member and deputy general manager of the business department, party secretary and president of Lanzhou Xigu Branch, among other positions. In March 2019, he was promoted to party committee member and deputy president of Gansu Branch. Shi Hailong also worked at China Construction Bank's Gansu Branch in his early career, subsequently moving between institutions including China Cinda Asset Management Corporation and Gansu Provincial Government Financial Office. Wang Xizheng was transferred to Bank of Gansu as president and director (concurrently serving as deputy party secretary) in May 2022, and was transferred to serve as chairman of Hualong Securities and resigned from his related positions at Bank of Gansu in August 2025.
Bank of Gansu is a state-owned provincial-level legal entity city commercial bank directly managed by the provincial party committee and government. It officially opened for business on November 19, 2011, and was listed on the main board of the Hong Kong Stock Exchange on January 18, 2018. The bank operates 19 first-level branches and has established 199 business outlets, with financial services covering all 14 cities, prefectures, and counties in Gansu Province.
As a Hong Kong-listed company, Bank of Gansu's latest disclosed financial report is for 2024. During the reporting period, Bank of Gansu recorded total assets of 414.708 billion yuan, an increase of 6.7% year-on-year; total operating revenue of 5.954 billion yuan, a decrease of 10.7% year-on-year; net profit of 584.7 million yuan, a decrease of 9.6% year-on-year; and a non-performing loan ratio of 1.93%, a decrease of 0.07% from the end of 2023.
Bank of Gansu stated that in 2024, the bank adhered to serving the real economy and increased credit asset allocation while proactively optimizing its asset-liability structure and reducing liability costs. However, due to the impact of declining market interest rates, both operating revenue and net profit decreased.
Following this personnel adjustment, Bank of Gansu's senior management team consists of: newly appointed president Shi Hailong, vice presidents Cai Tong, Hao Jumei, and Du Jing, business director Feng Yuhui, risk director Nie Lei, chief information officer Duan Jianxing, and compliance director Guo Li.