CZBANK(601916) 搜狐财经·2025-04-03 13:21Core Viewpoint - The new president of Zhejiang Commercial Bank, Chen Haiqiang, emphasizes the importance of long-termism in navigating economic cycles and aims to shift the bank's focus from short-term gains to sustainable value creation [1][2]. Group 1: Leadership Transition - Chen Haiqiang has been appointed as the new president of Zhejiang Commercial Bank, succeeding the previous interim leadership by Chairman Lu Jianqiang [2]. - Chen has extensive experience within the bank, having served in various key positions, including as the head of two major branches and as the Chief Risk Officer [2][16]. Group 2: Strategic Focus - The bank is shifting its operational strategy from asset-driven to liability-driven, aiming to optimize its funding structure and reduce costs [4]. - A focus on reducing high-risk, high-return assets in favor of low-risk, stable-return investments is being implemented, with a notable decrease in the non-performing loan ratio from 1.53% in 2021 to 1.38% in 2024 [5][18]. - The bank aims to enhance customer-centric services and improve asset allocation through comprehensive reforms [6][7]. Group 3: Performance Metrics - In 2024, the bank reported a total asset increase to 3.33 trillion yuan, reflecting a 5.78% growth year-over-year [18]. - Revenue and net profit also showed positive growth, increasing by 6.19% and 0.92% respectively compared to the previous year [19]. - The number of personal customers grew by 20.75%, while corporate customers increased by 14.92%, indicating a dual growth in customer base and scale [8]. Group 4: Digital Transformation - The bank is committed to digital transformation, integrating technology to enhance service delivery and operational efficiency [11]. - Chen highlights the importance of combining technology with practical applications to better serve the community [11]. Group 5: Market Position - Zhejiang Commercial Bank has maintained a stable growth trajectory, distinguishing itself as one of the 12 national joint-stock banks in China [17]. - The bank's wealth management segment has also seen double-digit growth in both scale and revenue, supporting its new strategic direction [9].