Liu Jin Banker's Bank of China Tenure Comes to an End

Liu Jin's tenure as a banker at the Bank of China came to an end.

Liu Jin was a well-respected banker who made significant contributions to the Bank of China.

During his time at the Bank of China, Liu Jin played a crucial role in the bank's growth and development.

Liu Jin's departure from the Bank of China marked the end of an era for the institution.

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Liu Jin has had a distinguished career in the banking industry.

He started his career after university, serving in various posts at the Industrial and Commercial Bank of China.

Before being promoted to a higher position, he worked at the China Development Bank, where he was eventually promoted to vice president in September 2018.

In December 2019, he took on a new role as executive director of China Everbright Group.

He also concurrently served as president of China Everbright Bank since January 2020.

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In 2021, he was appointed deputy party secretary of the Bank of China.

Later that year, he became the president of the Bank of China, a position he held until August 2024.

Here are the key positions he held in chronological order:

He resigned from the position of president of the Bank of China in August 2024 for personal reasons.

Liu Jin, the president of Bank of China, stepped down after a little more than three years in the job due to personal reasons.

His resignation was effective from August 25, and he was absent from a board meeting just days prior.

Bank of China's chairman, Ge Haijiao, will be acting president for the bank.

Liu confirmed that there are no matters that need to be brought to the attention of shareholders.

The bank reported a 2.9 per cent year-on-year decline in first-quarter net income to 56 billion yuan.

Bank of China is scheduled to release its half-year earnings next week.

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Liu Jin, the President of Bank of China, has resigned from his positions due to personal reasons.

He will be stepping down from his roles as Vice Chairman, Executive Director, member of the Strategic Development Committee of the Board, and President of Bank of China, effective from August 25, 2024.

Liu Jin has had a long career at various Chinese banks, including the Industrial and Commercial Bank of China and China Development Bank.

He graduated from Shandong University with a master's degree in Literature in 1993 and has held senior roles at major Chinese banks.

Liu Jin was born in 1967 and has served in various roles, including Deputy President of the Shandong Branch, Vice Chairman/Executive Director/General Manager of ICBC Europe and ICBC Frankfurt Branch.

He also served as the President of China Everbright Bank from January 2020 to March 2021, and as an Executive Director from March 2020 to March 2021.

Liu Jin's resignation comes after a little more than three years in the job as President of Bank of China.

Chairman Ge Haijiao will temporarily perform the duties of the President until a new President is formally appointed.

Liu Jin's absence from a board meeting on August 19 sparked speculations, and he was then said to have retired in advance.

He was 57 years old at the time of his resignation.

Liu Jin has been a director of BOC Hong Kong and was also a partner of ex-chairman Liu Liange, who was put on trial for taking bribes.

Liu Liange was put under a probe by the Central Commission for Discipline Inspection in March 2023.

The resignation of Liu Jin comes at a time of heightened scrutiny within China's financial sector.

Ge Haijiao, the chairman and party secretary of the Bank of China, will assume the role of acting president until a permanent successor is appointed.

Ge has been serving as chairman and non-executive director since April 2023.

Liu's resignation was effective from August 25, the same day he was absent from a board meeting.