Postal Savings Bank of China appoints new executive director, president

Postal Savings Bank of China’s board of directors, at a December 26, 2025 meeting, approved the nomination of Lu Wei as an executive director candidate and his appointment as president. Lu, born in 1971, holds a master's degree in accounting from Deakin University, Australia. He currently serves as a member of the Party Committee and deputy general manager of China Post Group Corporation Limited. His term as executive director will be three years, commencing upon regulatory approval, and he will not receive remuneration from the bank for either role.

These appointments follow the retirement of Liu Jianjun, who resigned from his roles as executive director, president, and various committee positions due to reaching statutory retirement age, effective December 26, 2025. The board expressed gratitude for his contributions. Yao Hong, an existing executive director, vice president, and chief risk officer, has been designated to temporarily assume the duties of president and chairman of the board's social responsibility and consumer rights protection committee until Lu Wei formally takes office.

Additionally, the board approved the appointment of Yang Xilin, born in 1971 and holding an economics bachelor's degree from the Central University of Finance and Economics, as the financial market director. Her appointment is effective upon approval by the National Financial Regulatory Administration. The bank also plans to hold its first extraordinary general meeting in 2026 and revise its "Internal Audit Charter."