Bank Of China President Liu Jin Resigns, Ge Haijiao Assumes The Role Of Acting President

The Bank of China (BOC) Vice Chairman and President Liu Jin has stepped down from his role, effective Sunday, citing personal reasons, as announced by the bank. The state-owned institution’s Board has approved Chairman Ge Haijiao to temporarily assume the post of acting president, according to a filing released on Sunday.

BOC did not immediately respond to requests for comments, and Liu was not available for comment either.

Liu Jin, born in 1967, had been serving as the bank’s president since April 2021. Before this role, he was the president of China Everbright Bank from January, and he also held the position of vice president at the China Development Bank.

His resignation follows the departure of former BOC Chairman Liu Liange in March 2023, who later faced an anti-corruption investigation and pleaded guilty to accepting bribes totalling more than 121 million yuan, amid China’s intensified anti-corruption efforts in the financial sector.

Liu Jin has also held significant roles at the state-owned Industrial and Commercial Bank of China, including heading the investment banking department and leading the Jiangsu provincial branch.