Zheshang Bank receives approval for new president

China Zheshang Bank (CZB) has received approval from the National Administration of Financial Regulation (NAFR) for Chen Haiqiang to serve as the bank’s President, as confirmed in document Jin Fu [2025] 404. The announcement, released on July 8, 2025, confirms the NAFR's approval of Chen Haiqiang's qualifications for the position. Details of Chen’s resume were previously disclosed on April 11, 2025, in a separate announcement (No. 2025-020) published on the Shanghai Stock Exchange website (www.sse.com.cn).