BoCom appoints new audit chief, revises risk management, donates HK$10m

Bank of Communications (BoCom) announced resolutions from the third meeting of its eleventh board of directors, held via written consent from November 24 to December 1, 2025. The board unanimously approved the appointment of Zhang Wei as the new chief of the audit supervision bureau, effective immediately. Zhang, an assistant economist born in 1971, brings extensive experience, having served in various leadership roles within BoCom, including party committee secretary and president of the Sichuan Provincial Branch since June 2023.

In other key decisions, the board unanimously approved revisions to the "Bank of Communications Market Risk Management Measures." This update reflects the bank's ongoing commitment to robust risk governance.

Additionally, BoCom's board unanimously sanctioned a donation of HK$10,000,000 to the Hong Kong special administrative region for disaster relief and aftermath support following a recent fire. The bank's president or an authorized representative is empowered to approve the specific use of these funds.