Trillion-dollar city commercial bank's personnel appointments finalized: three vice presidents' qualifications approved, with the youngest only 38 years old

On the evening of May 12, Ningbo Bank announced that the appointment qualifications of three newly appointed vice presidents—Yu Gang, Lu Haiying, and Hu Haidong—have been officially approved by the Ningbo Regulatory Bureau of the China Banking and Insurance Regulatory Commission.

As a leading city commercial bank with total assets exceeding 3.8 trillion yuan, the approval of the vice-presidential qualifications for Ningbo Bank’s three individuals shows that the personnel arrangements after this year’s board reshuffle in February have been further implemented. It also reflects this bank’s personnel characteristics of “younger leadership, greater professionalism, and internal cultivation.”

Approval of the Qualifications for the Three Vice Presidents

According to an announcement released by Ningbo Bank on the evening of May 12, the bank recently received a reply from the Ningbo Financial Regulatory Bureau. The bureau has approved the appointment qualifications of Yu Gang, Lu Haiying, and Hu Haidong as vice presidents of Ningbo Bank.

Previously, on February 26, 2026, Ningbo Bank announced that the First Meeting of the Ninth Board of Directors was held. At this meeting, the company not only elected a new chairman, vice chairman, and president, but also appointed Fu Wensheng, Wang Yongjie, Xu Xuesong, Wang Dandan, Yu Gang, Lu Haiying, and Hu Haidong as vice presidents.

Among them, Yu Gang, Lu Haiying, and Hu Haidong were promoted as new forces to become vice presidents, and their appointment qualifications still needed to be approved by the Ningbo Financial Regulatory Bureau. After nearly three months of waiting, the qualifications for these three newly appointed vice presidents have been “approved.”

The Youngest Is Only 38 Years Old

Judging from the career backgrounds of the three newly appointed vice presidents, all three hold master’s degrees and have extensive experience in banking business. Two of them are “post-80s,” and the youngest is Hu Haidong, who is 38 years old.

Yu Gang was born in February 1977. He previously served as a teacher in the Economic Teaching and Research Office of the Ningbo Municipal Party School (CPC Ningbo Municipal Party School); a clerk in the Monetary and Credit Department and an office officer, office deputy director and head of the legal office at the Ningbo Central Sub-branch of the People’s Bank of China; a member of the Party Committee and vice president at the Shaoxing Central Sub-branch of the People’s Bank of China; and deputy director of the Capital Project Management Department at the Ningbo Branch of the State Administration of Foreign Exchange. After joining Ningbo Bank, he served as deputy director of the corporate office, director of the board office, and director of the office; and since January 2018, he has been the secretary of the board of directors of Ningbo Bank.

Lu Haiying was born in September 1982. She joined Ningbo Bank in July 2005 and previously held roles including senior manager of the comprehensive management department of the corporate banking division of the head office; senior manager of the marketing department; assistant to the department general manager; deputy general manager; acting general manager of the institutional business division at the head office; deputy general manager (in charge) and general manager of the institutional business division at the head office; and general manager of the corporate platform operations division at the head office. When she was appointed as vice president, she was serving as general manager of the corporate banking headquarters and general manager of the institutional business division.

Hu Haidong is the youngest, born in January 1988. He joined the company in July 2011 and previously served as assistant to the branch manager, vice president, and branch manager at the Beilun Sub-branch; branch manager at the Jiaxing Branch; deputy general manager (in charge) and general manager of the Financial and Accounting Department at the head office. When he was appointed as vice president, he served as general manager of the Financial and Accounting Department at the head office. At the February board meeting, he was also appointed as the company’s financial officer.

A New Team Takes Shape

With the three vice presidents officially assuming their posts, Ningbo Bank’s ninth executive team led by “new leader” Zhuang Lingjun has been fully formed.

At present, Ningbo Bank’s core management team includes Chairman Zhuang Lingjun; Vice Chairman and President Feng Peijiong (appointment qualifications pending approval); and seven vice presidents: Fu Wensheng, Wang Yongjie (also serving as Chief Compliance Officer and Risk Director), Xu Xuesong, Wang Dandan, Yu Gang (also serving as Secretary to the Board of Directors), Lu Haiying, and Hu Haidong (also serving as the person in charge of finance).

This new management team is leading Ningbo Bank to continue forging ahead through a complex market environment.

Ningbo Bank’s Q1 report shows that as of the end of March 2026, the bank’s total assets were close to 3.86 trillion yuan, up 6.35% from the beginning of the year. In the first quarter of 2026, the bank recorded operating income of 203.84 billion yuan, up 10.21% year over year; and achieved net profit attributable to shareholders of 81.81 billion yuan, up 10.30% year over year.

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