State-owned Bank of China’s president has resigned over «personal reasons».
Liu Jin has resigned as vice chairman and president of Bank of China, according to an exchange filing. In a separate announcement, the bank said that chairman and party secretary Ge Haijiao will take over as acting president until a successor has been appointed.
Liu joined the bank as president in April 2021 before being appointed as vice chair in June 2021. Prior to that, he worked at state-owned rivals China Everbright Bank, Industrial and Commercial Bank of China and China Development Bank.
Surprise Exit
Born in 1967, Liu’s resignation due to «personal reasons» came as a surprise as he has not yet reached the official retirement age of 60 years old.
The exit occurs amid a new round of anti-corruption inspections targeting major state-owned banks and financial regulators. At Bank of China, former party chief and chairman Liu Liange departed in March 2023 before pleading guilty in April 2024 to taking over 121 million yuan ($17 million) in bribes.
