Board of Directors

 

The Board of Directors of our Bank consists of 17 Directors, including 4 Executive Directors, 7 Non-executive Directors and 6 Independent Non-executive Directors.

Name Position/Title
SHEN Renkang(沈仁康) Executive Director, Chairman
LIU Xiaochun (刘晓春) Executive Director, Vice Chairman, President
WANG Mingde(王明德) Non-executive Director, Vice Chairman
ZHANG Luyun(张鲁芸) Executive Director
XU Renyan (徐仁艳) Executive Director, Vice President
WANG Yibing(汪一兵) Non-executive Director
SHEN Xiaojun(沈小军) Non-executive Director
GAO Qinhong(高勤红) Non-executive Director
HU Tiangao(胡天高) Non-executive Director
LOU Ting(楼婷) Non-executive Director
ZHU Weiming(朱玮明) Non-executive Director
JIN Xuejun(金雪军) Independent Non-executive Director
TONG Benli(童本立) Independent Non-executive Director
YUAN Fang(袁放) Independent Non-executive Director
DAI Deming(戴德明) Independent Non-executive Director
LIU Pak Wai(廖柏伟) Independent Non-executive Director
ZHENG Jindu (郑金都) Independent Non-executive Director

Profile

 

Mr. Shen Renkang (沈仁康) is currently the secretary of the Communist Party of China (“CPC”)committee, chairman and executive director of the Company. Post-graduate. Mr. Shen had successively held the posts of member of the CPC standing committee, vice county chief, vice county secretary of CPC committee, acting county chief and county chief of Qingtian County, Zhejiang; he served as the vice mayor of Lishui City, Zhejiang and concurrently held the position of party committee secretary of management committee of Lishui Economic Development Zone and member of the standing committee of Lishui City, Zhejiang; he served as the vice secretary of the municipal CPC committee of Lishui City, Zhejiang, during which period he concurrently held the position of politics and law committee secretary in the municipal CPC committee of Lishui City; and he also served as deputy secretary, acting mayor and mayor of Quzhou City, Zhejiang Province.

Profile

 

Mr. Liu Xiaochun (刘晓春) is currently the deputy secretary of CPC committee, vice chairman, executive director and president of the Company. Undergraduate and senior economist. Mr. Liu assumed the position of vice director of editorial department of the financial research institute’s Zhejiang Rural Financial Research (《浙江农村金融研究》), section chief of credit section of international business department, manager of credit department of international business department, vice general manager of operating department, general manager of international business department of Zhejiang provincial branch of the Agricultural Bank of China; vice general manager of international business department of the head office of the Agricultural Bank of China; CPC party committee member and vice president of Zhejiang provincial branch of the Agricultural Bank of China; and vice general manager and general manager of Hong Kong branch of the Agricultural Bank of China.

Profile

 

Mr. Wang Mingde (王明德) is currently the vice chairman and a non-executive director of the Company. College undergraduate and senior economist. Mr. Wang had held the posts of section chief and vice president of Wenzhou branch, Bank of China; president of Bank of China Osaka branch; vice president of Tokyo branch of Bank of China; vice president of Zhejiang Provincial branch of Bank of China; vice president of Bank of China Tokyo branch; and senior expert (general manager level) of IT blueprint office of head office of Bank of China. Mr. Wang is currently vice president of Traveller Automobile Group.

Profile

 

Ms. Zhang Luyun (张鲁芸) is currently deputy secretary of CPC committee, executive director and director of labor union working committee at the head office of the Company. EMBA, senior economist and post-secondary education assistant researcher. Ms. Zhang had held the position of vice director general of information division and chief of press section of Hangzhou Municipal Office; a member of the party committee and vice president of Hangzhou Radio & TV University; secretary for confidential information at division chief level of organization department of Zhejiang provincial party committee; a member of the party committee, vice general manager and director of Zhejiang Communications Investment Group Co., Ltd. (浙江省交通投资集团有限公司); and non-executive director of Zhejiang Expressway Co., Ltd. (浙江沪杭甬高速公路股份有限公司).

Profile

 

Mr. Xu Renyan (徐仁艳) is currently executive director, vice president and CPC party committee member of the Company. Postgraduate, senior accountant and certified tax agent. Mr. Xu had successively held positions of the vice section chief and the section chief of financial section, accounting department, Zhejiang provincial branch of PBOC; vice director of accounting department, Zhejiang provincial branch of PBOC; vice director and director of accounting and financial department, Hangzhou central branch, PBOC; and a member of the party committee and vice president of Hangzhou central branch, PBOC.

Profile

 

Ms. Wang Yibing (汪一兵) is currently a non-executive director of the Company. Undergraduate and senior accountant. Ms. Wang had successively held the posts of manager of project department, assistant to general manager and vice general manager of Zhejiang Province Xingcai Real Estate Development Company (浙江省兴财房地产发展公司). Ms. Wang now holds posts of manager of first investment department of Zhejiang Province Financial Development Company (浙江省财务开发公司); manager of financial management department of Zhejiang Provincial Financial Holdings Co., Ltd. (浙江省金融控股有限公司), Non-executive director of Caitong Securities Co., Ltd. (财通证券股份有限公司), Yongan Futures Co., Ltd. (永安期货股份有限公司), and Zhejiang China Commodities City Group Co., Ltd. (浙江中国小商品集团股份有限公司).

Profile

 

Ms. Shen Xiaojun (沈小军) is currently a non-executive director of the Company. Undergraduate and senior economist. Ms. Shen used to work as bureau director of Shaoxing County Statistical Bureau, and during this period, she concurrently served as secretary of leading party members’ group of Shaoxing County Statistical Bureau; she used to work as the secretary of leading party members’ group of Shaoxing County Economic and Trade Bureau and during this period, she was also the bureau director of Shaoxing County Economic and Trade Bureau; she served as chairman of Zhejiang China Light & Textile Industrial City Group Co., Ltd. (浙江中国轻纺城集团股份有限公司); she served as chairman and director of Shaoxing County China Light & Textile Industry City Market Development and Management Co., Ltd. (绍兴县中国轻纺城市场开发经营有限公司); She now serves as vice chairman of Kuaijishan Shaoxing Rice Wine Co., Ltd. (会稽山绍兴酒股份有限公司) and the chairman of the labor union of Zhejiang China Light & Textile Industrial City Group Co., Ltd..

Profile

 

Ms. Gao Qinhong (高勤红) is currently a non-executive director of the Company. Postgraduate and senior economist. Ms. Gao worked as accountant and credit manager of Xiaoshan branch of Industrial and Commercial Bank of China; she served as accountant and credit manager of Zhejiang provincial branch of Industrial and Commercial Bank of China; she served as section chief of credit and loan section and division-level inspector of Hangzhou branch and vice president of Wulin subbranch, Shanghai Pudong Development Bank Co., Ltd.; she had served successively as vice general manager and chief financial officer and director of Zhejiang Hengyi Group Co., Ltd. (浙江恒逸集团有限公司); she now works as chief financial advisor and director of Zhejiang Hengyi Group Go., Ltd. and held a concurrent position as a director of Hengyi Petrochemical Co., Ltd. (恒逸石化股份有限公司).

Profile

 

Mr. Hu Tiangao (胡天高) is currently a non-executive director of the Company. EMBA and senior economist. Mr. Hu served as vice president of Dongyang sub-branch, Bank of China; he is currently a director and vice president of Hengdian Group Holdings Limited (横店集团控股有限公司); director of Hengdian Group DMEGC Magnetics Co., Ltd. (横店集团东磁股份有限公司); director of Apeloa Pharmaceutical Co., Ltd. (普洛药业股份有限公司); and director of Innuovo Technology Co., Ltd. (英洛华科技股份有限公司).

Profile

 

Ms. Lou Ting (楼婷) is currently a non-executive director of the Company. Undergraduate and intermediary financial economist. Ms. Lou held several positions in Jinhua branch of Bank of Communications Co., Ltd. (交通银行股份有限公司) as assistant manager of business department I, operating department and concurrently held the positions of manager of business and sales department III, vice general manager of international business department and business development department concurrently, manager of Jindong District and Dongyang District’s regional business development department III and president of Dongyang sub-branch. She is now chief executive officer of Guangsha Holding Group Co., Ltd. (广厦控股集团有限公司).

Profile

 

Mr. Zhu Weiming(朱玮明) is currently a non-executive director of the Company. Post-graduate. Mr. Zhu worked as vice director and director of the general manager service department at Jiaxing Power Generation Co., Ltd.(嘉兴发电有限公司); he served as vice general manger and secretary of the board for Zhejiang Southeast Electric Power Company Limited(浙江东南发电股份有限公司); he also held the position of vice general manager at Zhoushan Marine Comprehensive Development and Investment Co., Ltd.(舟山海洋综合开发投资有限公司); he held the position of vice director of the investment and development department at Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd.(浙江省海洋开发投资集团有限公司) and served as vice director (in charge) of the finance and asset management department at Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd.(浙江省海港投资运营集团有限公司). He now serves as the director of the finance and asset management department at Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd.(浙江省海港投资运营集团有限公司).

Profile

 

Mr. Jin Xuejun (金雪军) is currently an independent non-executive director of the Company. Post graduate and professor. Mr. Jin served as independent non-executive director of Harbin High-Tech (Group) Co., Ltd. (哈尔滨高科技 (集团) 股份有限公司) and Zhejiang Orient Holdings Co., Ltd. (浙江东方股份集团有限公司). Mr. Jin has been engaged in finance teaching and research work in Zhejiang University. Mr. Jin is now the president of the International Finance Association of Zhejiang Province, State Council Special Allowance Expert and Young Expert with Outstanding Contribution of Zhejiang. He now holds the posts of independent non-executive director of Zhejiang Weixing Industrial Development Co., Ltd. (浙江伟星实业发展股份有限公司), Xinhu Zhongbao Co., Ltd. (新湖中宝股份有限公司), Zhejiang Wansheng Co., Ltd. (浙江万盛股份有限公司), Changjiang & Jinggong Steel Building (Group) Co., Ltd. (长江精工钢结构 (集团) 股份有限公司) and Zuoli Kechuang Micro-finance Company Limited (佐力科创小额贷款股份投资有限公司); and serves as a director of HAKIM Co., Ltd. (汉鼎信息科技股份有限公司).

Profile

 

Mr. Tong Benli (童本立) is currently an independent non-executive director of the Company. Postgraduate, professor and a senior accountant. Mr. Tong held the position of division chief of budget division of Zhejiang Provincial Department of Finance; associate dean, dean and secretary of CPC committee of Zhejiang College of Finance & Economics (now known as Zhejiang University of Finance and Economics); independent non-executive director of Zhejiang Medicine Co., Ltd. (浙江医药股份有限公司), Sunyard System Engineering Co., Ltd. (杭州信雅达系统工程股份有限公司), Zhejiang Narada Power Source Co., Ltd. (浙江南都电源动力股份有限公司), Soyea Technology Co., Ltd. (数源科技股份有限公司) and Zhejiang Reclaim Construction Group Co., Ltd. (浙江省围海建设集团股份有限公司). Mr. Tong is currently an independent non-executive director of Hangzhou Jiebai Group Co., Limited (杭州解百集团股份有限公司). Mr. Tong is also the vice president of Zhejiang Provincial Auditing Society and executive director of Zhejiang Institute of Certified Public Accountants.

Profile

 

Mr. Yuan Fang (袁放) is currently an independent non-executive director of the Company. Undergraduate and the securities practice qualification. Mr. Yuan served as vice president of Zhejiang Academy of Bank (now known as Zhejiang Financial College); vice division chief of finance management office, Zhejiang provincial branch of People’s Bank of China; vice general manager of Zhejiang Provincial Securities Trading Center; vice president of Tianyi Securities Co., Ltd. (天一证券有限责任公司); general manager of Zhejiang Property & Stock Exchange Co., Ltd. (浙江产权交易所有限公司); vice president of Coslight Technology International Group Co., Ltd. (光宇集团有限公司). He is currently chairman of Zhejiang Provincial Securities and Listed Company Research Association.

Profile

 

Mr. Dai Deming (戴德明) is currently an independent non-executive director of the Company. Doctoral degree and professor. Mr. Dai has been teaching at the accounting department of Renmin University of China, being a lecturer, associate professor and professor successively. Mr. Dai was an Independent Non-executive Director of CRRC Corporation Limited(中国南车股份有限公司), Shanxi Taigang Stainless Steel Co., Ltd. (山西太钢不锈钢股份有限公司), and Beijing Xinwei Telecom Technology Group Co., Ltd. (北京信威通信科技集团股份有限公司), respectively. He currently serves as vice chairman of Accounting Society of China and Independent Non-executive Director of Qingdao Haier Co., Ltd. (青岛海尔股份有限公司), Beijing Capital Development Co., Ltd. (北京首都开发股份有限公司) and Boc Aviation Limited (中银航空租赁有限公司).

Profile

 

Mr. Liu Pak Wai (廖柏伟) is currently an independent non-executive director of the Company. Doctoral degree and professor. Mr. Liu has been teaching at the Chinese University of Hong Kong, being a lecturer, senior lecturer, professor and chair professor of the Chinese University of Hong Kong successively, during which, he also worked as vice president of the Chinese University of Hong Kong. Mr. Liu now works as a professor of Lau Chor Tak Institute of Global Economics and Finance of the Chinese University of Hong Kong, a director of Hong Kong Institute of Monetary Research under the HKMA, and an independent non-executive director of Transport International Holdings Limited (载通国际控股有限公司) and Hang Lung Group Limited (恒隆集团有限公司) respectively. Mr. Liu was awarded the Hong Kong Silver Bauhinia Star in 1999 and was appointed Hong Kong Justice of the Peace in 2006.

Profile

 

Mr. Zheng Jindu (郑金都) is currently an independent non-executive director of the Company. Postgraduate and the qualification for the first grade lawyer. Mr. Zheng was a lecturer at the Faculty of Law of Hangzhou University (now known as Zhejiang University), a vice director and partner of Zhejiang Guoqiang Law Firm (浙江国强律师事务所) and an independent non-executive director of Changjiang & Jinggong Steel Building (Group) Co., Ltd. (长江精工钢结构(集团)股份有限公司). Mr. Zheng is currently a director and partner of Zhejiang L&H Law Firm (浙江六和律师事务所) and an independent non-executive director of HangZhou ShenHao Technology Co., Ltd. (杭州申昊科技股份有限公司), Qianghuang New Materials Co., Ltd. (墙煌新材料股份有限公司), and Sundy Land Investment Co., Ltd. (宋都基业投资股份有限公司). Mr. Zheng also serves as president of Zhejiang Lawyers Association and vice president of Zhejiang Law Society.

SPECIAL COMMITTEES UNDER THE BOARD OF DIRECTORS

There are four special committees under the Board of Directors, namely strategic committee,audit committee, risk and related party transactions control committee and nomination and remuneration committee.

Strategy Committee

We have set up strategic committee with written terms of reference. The strategic committee consists of six Directors, i.e. Mr. SHEN Renkang, Mr. LIU Xiaochun, Mr. WANG Mingde, Mr. DAI Deming, Mr. LIU Pak Wai and Ms. LOU Ting. Among them, Mr. SHEN Renkang is Chairman of the committee; Mr. LIU Xiaochun and Mr. WANG Mingde are Vice Chairmen of the committee. The main functions and powers of the strategic committee include but are not limited to the following:
I. preparation of business objectives, mid- to long-term development plans and development strategies of our Bank;
II. supervision and inspection of the implementation of annual business plans and investment programs; and;
III. other matters authorized by the Board.

Audit Committee

We have set up audit committee with written terms of reference and in compliance with the Listing Rules. The audit committee consists of five Directors, i.e. Mr. JIN Xuejun, Mr. TONG Benli, Mr. YUAN Fang, Ms. SHEN Xiaojun and Mr. HU Tiangao. Among them, Mr. JIN Xuejun is Chairman of the committee. The main functions and powers of the audit committee include but are not limited to the following:
I. inspection of accounting policies, financial position and financial reporting procedures of our Bank, and inspection of risk and compliance status;
II. recommendation for hiring or replacing external auditor;
III. supervision for internal audit system of our Bank and its implementation;
IV.in charge of communication between internal audit and external audit;
V.review of our Bank’s financial information and its disclosure and preparation of diagnostic report for the authenticity, accuracy, completeness and timeliness of the audited financial reporting information, which should be submitted to Board of Directors by the committee for consideration; and
VI.other matters stipulated in relevant laws, regulations, rules, stipulations of securities regulatory authority of listing location of our Bank and authorized by Board of Directors.

Risk & Risk and Related Party Transactions Control Committee

We have set up risk and related party transactions control committee with written terms of reference. The risk and related party transactions control committee consists of three Directors, namely Mr. YUAN Fang, Mr. TONG Benli and Ms. GAO Qinhong. Among them, Mr. YUAN Fang is Chairman of the committee. The main functions and powers of the risk and related party transactions control committee include but are not limited to the following:
I. supervision for the situation of risk control conducted by the senior management of our Bank;
II. assessment for risk situation of our Bank;
III. preparation of recommendations to improve risk management and internal control of our Bank;
IV. review and approval of general related party transaction of our Bank or acceptance of the filing of general related party transaction;
V. review and approval for major related party transactions of our Bank or the transactions which are subject to reporting, announcement and/or independent shareholders’ approvals under the relevant stipulations of securities regulatory authority of listing location of our Bank, which shall be submitted to the Board of Directors by the committee for approval;and
VI. other matters authorized by the Board.

Nomination and Remuneration Committee

We have set up nomination and remuneration committee with written terms of reference in compliance with the Listing Rules. The nomination and remuneration committee consists of three Directors, i.e. Mr. TONG Benli, Mr. JIN Xuejun and Mr. ZHENG Jindu. Among them, Mr. TONG Benli is Chairman of the committee. The main functions and powers of the nomination and remuneration committee include but are not limited to the following:
I. recommendation to the Board of Directors based on the operation situation, asset size and share structure of our Bank;
II.preparation of selection and appointment criteria and procedures for Directors and senior management members and recommendation to the Board of Directors;
III.proposal candidates for Chairman and Vice Chairman to Board of Directors; provision review comments on the candidates of Directors and senior management members including President, Vice President, Secretary of the Board, Financial Principal and etc.;
IV. preparation of remuneration policies and plans for Directors and senior management members and recommendation to the Board of Directors; and
V.other matters stipulated in relevant laws, administrative regulations, rules, stipulations of securities regulatory authority of listing location of our Bank and authorized by the Board of Directors.