Bank of China chairman and executive director resigns

Bank of China, a large State-owned commercial lender, announced on Sunday that Liu Liange resigned as chairman and executive director of the bank due to the change of job. The resignation took effect on Saturday.

According to the announcement, Liu has confirmed that he has no disagreement with the board of directors of the bank and there are no matters that need to be brought to the attention of the shareholders of the bank.

BOC said in the announcement that Liu led the bank in earnestly carrying out the tasks of serving the real economy, forestalling and defusing financial risks, and deepening financial reform. Under his leadership, the bank improved corporate governance, strengthened group-wide management and control, deepened reform of systems and mechanisms, promoted the digital transformation of operation and management, and advanced comprehensive risk management, according to the announcement.

Born in 1961, Liu joined BOC in 2018 and has served as chairman of the bank since July 2019.

His previous positions include vice-chairman and president of BOC, vice-chairman and president of the Export-Import Bank of China, and director of the African Export-Import Bank. He also worked at the People's Bank of China, the country's central bank, for many years.

jiangxueqing@chinadaily.com.cn