📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

Bank of China President Liu Jin resigns

Published 08/25/2024, 05:51 AM
Updated 08/25/2024, 07:10 AM
© Reuters. FILE PHOTO: Liu Jin, President of Bank of China, speaks during the Global Financial Leaders Investment Summit in Hong Kong, China November 2, 2022. REUTERS/Tyrone Siu/File Photo
3988
-

BEIJING (Reuters) -Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said.

The state-owned lender said its board had approved Chairman Ge Haijiao to serve as acting president, according to a filing released by the bank on Sunday.

Bank of China (BOC) did not immediately reply to a request for comment. Liu could not be immediately reached for comment.

Liu, born in 1967, was named as president of the bank in April 2021. He previously served as president of China Everbright (OTC:CHFFF) Bank from January 2020 to March 2021 and vice president of policy lender China Development Bank from September 2018 to November 2019.

© Reuters. FILE PHOTO: Liu Jin, President of Bank of China, speaks during the Global Financial Leaders Investment Summit in Hong Kong, China November 2, 2022. REUTERS/Tyrone Siu/File Photo

Liu's departure follows that of former BOC Chairman Liu Liange, who stepped down in March 2023 and was placed under investigation by the anti-graft watchdog before pleading guilty to taking bribes worth more than 121 million yuan, as China intensified its anti-corruption campaign in the $66 trillion financial industry.

Liu Jin has also worked for state-owned Industrial and Commercial Bank of China, the world's largest lender by assets, as head of investment banking department and head of Jiangsu provincial branch.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.