Greater China Banks Daily "CITIC Bank names Lv Tiangui deputy secretary,..."

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Greater China Banks Daily "CITIC Bank names Lv Tiangui deputy secretary,..."

Global Research

20 May 2026ab

Greater China Banks Daily Equities

ChinaCITIC Bank names Lv Tiangui deputy secretary,

paving way for presidency; Banks’ WMS cut fees Banks

on WMP MayAnalystYan

may.yan@ubs.com

+852-2971 7157

CITIC Bank names Lv Tiangui deputy secretary, paving way for presidency Alex Ye

Analyst

Caixin, May 19: CITIC Bank announced that Lv Tiangui has been appointed deputy S1460522090005

secretary of the bank’s party committee. Following the required procedures, he is widely alex.ye@ubs.com

expected to fill the long-vacant role of bank president according to Caixin. The position +86 755 2215 8858

has been open for nearly five months since former president Lu Wei was transferred to

Catherine Yang, CFA

China Postal Group as vice general manager and concurrently named party secretary Analyst

and president of PSBC. Mr. Lv began his career at BOC’s Jilin branch, where he worked S1460526010003

from 1993 to 2003 and served as deputy head of risk management. He later joined catherine-za.yang@ubs.com

CITIC Bank and held a series of senior roles across finance, branch operations, customer +86-755-2215 8860

service, and the credit card center. He was promoted to business director in 2018 and Helen Li, CFA

has served as a party committee member and vice president of CITIC Bank since 2020. Analyst

helen-za.li@ubs.com

Banks’ WMS cut fees on WMP +852-2971 6066

China Securities journal, May 19: Several wealth management subsidiaries, including

those of CMB, Huaxia Bank, Minsheng Bank and Bank of Shanghai, have rolled out fee

cuts in quick succession. This latest round of discounts covers both sales service fees and

investment management fees, with some products lowering management fees to zero.