Bank of China President Liu Jin has resigned

BEIJING (Reuters) – Bank of China Vice Chairman and President Liu Jin has resigned for personal reasons, effective Sunday, the bank said.

The state-owned lender said its board had approved Chairman Ge Haijiao to serve as acting chairman, according to a filing released by the bank on Sunday.

The Bank of China (BOC) did not immediately respond to a request for comment. Liu could not immediately be reached for comment.

Liu, born in 1967, was appointed chairman of the bank in April 2021. He previously served as chairman of China Everbright Bank from January 2020 to March 2021 and vice chairman of China Development Bank from September 2018 to November 2019 .

Liu’s departure follows that of former BOC chairman Liu Liange, who resigned in March 2023 and was placed under investigation by the anti-corruption watchdog before pleading guilty to taking more than 121 million yuan in bribes. yuan as China stepped up its anti-corruption campaign in the $66 trillion financial industry.

Liu Jin also worked for the Industrial and Commercial Bank of China, the world’s largest lender by assets, as Head of Investment Banking and Head of Jiangsu Provincial Branch.

(Reporting by Beijing newsroom; Editing by William Mallard and Kim Coghill, Kirsten Donovan)