Major bank executives change: China Construction Bank's Chief Financial Officer Sheng Liurong steps down after achieving success

Yet another major commercial bank has undergone an executive reshuffle.

On March 31, 2026, China Construction Bank Corporation (China Construction Bank) issued an announcement stating that Mr. Sheng Liurong formally stepped down as the bank’s Chief Financial Officer due to age reasons. The resignation took effect on March 31, 2026.

It is understood that as a longtime “veteran” at CCB and a leading figure in the finance field, Mr. Sheng Liurong has made important contributions over many years at the bank, including strengthening asset-liability management, promoting the group’s integrated development, and undertaking market value management. At the time of his departure, China Construction Bank and Mr. Sheng Liurong extended mutual thanks.

Resignation due to age reasons

The announcement shows that Mr. Sheng Liurong, due to age reasons, applied to resign as Chief Financial Officer. The decision took formal effect on March 31, 2026. After the resignation, Mr. Sheng Liurong will no longer hold any positions at China Construction Bank or its controlling subsidiaries.

The bank’s 2025 annual report released earlier shows that Mr. Sheng Liurong had already turned 60.

The announcement further discloses that Mr. Sheng Liurong confirmed that he has no differing views from the board of directors of China Construction Bank, and that there are no other matters that require notifying the bank’s shareholders. There are also no outstanding publicly made commitments. Currently, Mr. Sheng Liurong has completed all handover arrangements in accordance with the relevant requirements.

At the time of stepping down, Mr. Sheng Liurong expressed sincere thanks to the board of directors and senior management of China Construction Bank for the support and assistance they provided during his tenure, and wished China Construction Bank’s business a thriving future.

Rich frontline work experience

Public information shows that Mr. Sheng Liurong holds bachelor’s, master’s, and PhD degrees from Xiamen University. He graduated from Xiamen University’s Finance program in 1986; obtained a master’s degree in Monetary Banking from the same university in 1990; and further earned a PhD in Economics from Xiamen University in 1997.

Looking back on his career, Mr. Sheng Liurong has served within the China Construction Bank system for more than twenty years, with extensive experience in coordinating management at frontline branches as well as departments at headquarters.

From October 2003 to September 2017, he worked for a long time at the Xiamen Branch of China Construction Bank, serving as Deputy President and President. During that period (from May 2013 to July 2014), he also went overseas to serve as the Head of the preparatory team for the China Construction Bank Chile Branch.

Previously led CCB’s money market, asset management, and fund businesses

Since 2017, Mr. Sheng Liurong has been transferred to headquarters, successively serving as the principal person in charge of the Financial Markets Department, General Manager, and also General Manager of the Asset-Liability Management Department. In addition, he has also served concurrently as a Non-Executive Director of CCB Financial Leasing and Chairman of the Board of Directors of CCB Fund.

Starting from November 2022, Mr. Sheng Liurong formally took office as Chief Financial Officer of China Construction Bank, becoming the “helmsman” for the bank’s finance and asset-liability management.

The announcement states that during his tenure as Chief Financial Officer, Mr. Sheng Liurong was diligent and dedicated, fulfilling his duties with due diligence, and made important contributions in areas such as improving the asset-liability management system and the financial accounting management system, ensuring sound operations and financial compliance; strengthening strategic research and policy coordination to promote the implementation of the group’s plans; optimizing the operating management of subsidiaries to drive the group’s integrated development; and strengthening information disclosure and maintaining investor relations.

At the end of the announcement, the board of directors of China Construction Bank gave a high evaluation and expressed its sincere thanks to Mr. Sheng Liurong for the important contributions he made to the bank during his tenure, and fully affirmed his achievements in his career.

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