At the beginning of 2025, the Bank Of China (601988.SH) welcomed another personnel adjustment.

On January 7, the Bank Of China announced that Vice President Lin Jingzhen has resigned from the positions of Executive Director and Vice President due to age reasons.

Since graduating from Xiamen University in 1987, Lin Jingzhen has been employed by the Bank Of China for 37 years, having managed several core departments including International, Corporate, and Personal Finance.

In earlier years, he held positions as Director of Customer Relationship Management in the Corporate Business Department, General Manager of the Corporate Finance Headquarters (Corporate Business), and General Manager of the Corporate Finance Department.

In 2015, he was transferred to the subsidiary BOC HONG KONG (Holdings) and served as Vice President for nearly three years.

In 2018, he returned to the head office as Vice President, also serving as Chairman of BOC International Holdings and BOC International Securities; before resigning, he was the first-ranked Vice President of the Bank.

Previously, Lin Jingzhen stated at the 2024 International Investment Forum that the Bank Of China will actively leverage its traditional advantages in cross-border services, relying on more diverse and distinctive financial products to support high-level opening-up.

At the mid-year Earnings Conference of 2024, the strategy for credit allocation in the second half was also shared, stating that "in the next phase, the total amount of credit will be scientifically matched with customer demand to promote reasonable growth of credit; on the private side, the intensity of housing loans will be increased to support rigid and improved housing demand."

Currently, the official website of Bank Of China has updated information on changes in senior management. The existing management structure is "one president and three vice presidents": the chairman is Ge Haijiao, the president is Zhang Hui, and there are vice presidents Liu Jin, Zhang Xiaodong, and Cai Zhao, risk director Zhao Rong, board secretary Zhuo Chengwen, and chief information officer Meng Qian.

Previously, Bank Of China began internal business adjustments at the end of 2024, with vice presidents Cai Zhao and Zhang Xiaodong respectively in charge of personal and large corporate business.

In the near future, personnel changes may continue.

Given the large scale of Bank Of China's business and that there are currently only three vice presidents, it is expected that a new vice president will be appointed after Lin Jingzhen's departure.

In 2024, Bank Of China experienced multiple adjustments in senior management: Liu Jin was appointed vice president in April, former vice president Zhang Yi was transferred to president of Construction Bank in May; former president Liu Jin resigned for personal reasons in August and Zhang Hui assumed the role of president in December.

As of the end of September 2024, China's Assets increased by 5.05% compared to the beginning of the year to 34.07 trillion yuan; in the first three quarters, operating revenue reached 478.348 billion yuan and net profit attributable to shareholders reached 175.763 billion yuan, representing year-on-year increases of 1.64% and 0.52%, respectively.