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BEIJING: Bank of China announced that Vice Chairman and President Liu Jin resigned on Sunday (August 25) for personal reasons.
The state-owned bank said its board of directors had approved Chairman Ge Haijiao to serve as acting president, according to a document released by the bank on Sunday.
Bank of China did not immediately respond to a request for comment. Liu could not immediately be reached for comment.
Liu Zhijun was born in 1967 and was appointed as the bank’s president in April 2021.
Previously, he served as president of China Everbright Bank from January 2020 to March 2021, and as vice president of policy bank China Development Bank from September 2018 to November 2019.
Liu’s departure follows that of former Bank of China chairman Liu Liange, who left in March 2023 and admitted to taking more than 121 million yuan ($17 million) in bribes amid an investigation by anti-corruption regulators. It comes as China steps up its crackdown on corruption in its $66 trillion financial sector.
Liu Jin also worked at the state-owned Industrial and Commercial Bank of China, the world’s largest bank by assets, where he served as head of its investment banking department and president of its Jiangsu branch.
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