A recent penalty imposed on China Citic Bank's Hangzhou Branch has prompted the market to re-evaluate the division. The branch was fined 6.25 million yuan for inadequate loan management and insufficient oversight of bill business, with 14 responsible individuals receiving warnings.

This penalty is notable for its size, as the branch had previously maintained leading positions in various metrics, including asset quality and regulatory ratings, for many years. In Zhejiang Province, China Citic Bank's Hangzhou Branch holds a significant position. Established in 1994, it was one of the first joint-stock bank branches to enter the province.

Public data shows that as of the end of November 2025, the branch's comprehensive financing scale exceeded 1.3 trillion yuan, with self-operated deposits surpassing 500 billion yuan and loans exceeding 600 billion yuan, leading its peers in Zhejiang. Within China Citic Bank's system, the Hangzhou Branch is considered a top-tier division.

Although its asset size remains smaller than that of the Beijing Branch, it has the largest number of employees. By the end of the first half of 2025, the Hangzhou Branch operated 98 institutions with 4,365 employees, an increase of four from the previous year-end. Its asset size reached 690.399 billion yuan, a growth of 4.08% compared to the end of the prior year.

In contrast, the Beijing Branch had 83 institutions, 3,652 employees, and assets totaling 14.29637 trillion yuan as of the same period. As a leading branch, Hangzhou has supplied several key management talents to the bank's headquarters. For instance, China Citic Bank's Chairman Fang Heying previously served as the Hangzhou Branch president, and Deputy General Manager Gu Lingyun held roles such as assistant president, party committee member, risk director, and deputy president at the branch.

The current president of the Hangzhou Branch is Shan Guomin, known for his practical approach. He became deputy president of China Citic Bank's Wuxi Branch in 2011, later advancing to president there. In 2019, he was transferred to the Guangzhou Branch as deputy president and risk director, and over a year later, he assumed the role of president at the Wuhan Branch. Shan Guomin took over the Hangzhou Branch in 2023, succeeding Wang Kang, who held the position for just over a year.

In 2024, during the branch's 30th anniversary, Shan Guomin reflected on its development, outlining three main phases: the startup and growth phase (1994-2014), the transformation and development phase (2014-2022), and the current phase focused on stability and quality improvement (2022-present). Under his leadership, the Hangzhou Branch has undergone several adjustments. In 2025, the Hangzhou Dongxin sub-branch officially opened, while the Hangzhou Siqiqing SME-focused sub-branch ceased operations, and the Hangzhou Chengdong New City sub-branch was renamed China Citic Bank Hangzhou Chengdong sub-branch.