Bank of China president Liu Jin resigns from key positions

The board has now appointed Chairman Ge Haijiao as the acting president

Bank of China Vice Chairman Liu Jin resigns from key positions
Bank of China Vice Chairman Liu Jin resigns from key positions

Bank of China (BOC) Vice Chairman and President Liu Jin resigned from his positions on Sunday, August 25.

As per Reuters, the bank cited personal reasons for his resignation.

The board has now appointed Chairman Ge Haijiao as the acting president.

Liu Jin, born in 1967, became the bank's president in April 2021. Prior to this, he served as president of China Everbright Bank from January 2020 to March 2021 and as vice president at China Development Bank from September 2018 to November 2019.

His resignation follows the departure of former BOC Chairman Liu Liange, who resigned in March 2023 and was subsequently investigated for corruption.

Liu Liange later pleaded guilty to accepting bribes totaling more than 121 million yuan, as part of China's intensified anti-corruption efforts in the financial industry.

Additionally, Liu Jin has also held key roles at the Industrial and Commercial Bank of China, where he led the investment banking department and managed the Jiangsu provincial branch.

Read more : World
Philippines' waste struggles: Manila mayor sounds alarm over uncollected rubbish
Philippines' waste struggles: Manila mayor sounds alarm over uncollected rubbish
One of the world's most densely populated cities declares a health emergency amid mounting rubbish
China's biggest coffee chain Luckin makes US debut
China's biggest coffee chain Luckin makes US debut
Luckin Coffee to take on Starbucks in the US market after surpassing the coffee-giant in China
Idaho student murders: Everything you need to know after Bryan's guilty plea
Idaho student murders: Everything you need to know after Bryan's guilty plea
Bryan Kohberger decides to plead guilty to the murder of four students to avoid execution
Childcare worker sexual abuse charges in Australia prompt testing of children
Childcare worker sexual abuse charges in Australia prompt testing of children
Australian kids to undergo testing for potential diseases after a childcare worker faced sexual abuse charges
Royal Train set to derail after 156 years following King Charles' new decision
Royal Train set to derail after 156 years following King Charles' new decision
Buckingham Palace announces end of Royal Train service in cost-cutting drive
How to keep your dog safe in hot weather, according to experts
How to keep your dog safe in hot weather, according to experts
If dog is overheating, it may show signs like heavy panting, trouble breathing, too much drooling, low energy and sleepiness
World’s 10 most valuable brands revealed with surprising twist
World’s 10 most valuable brands revealed with surprising twist
The 2025 brand rankings reveal that tech companies still lead with growing influence from AI (artificial intelligence)
Bayesian superyacht: Photos show mast, hull retrieved after deadly disaster
Bayesian superyacht: Photos show mast, hull retrieved after deadly disaster
The yacht owned by Mike Lynch was fully recovered form the sea and the salvage operation has now ended
UK’s secret village where people live in fairytale huts without paying rent
UK’s secret village where people live in fairytale huts without paying rent
This place is hard to find as it is hidden near a countryside road
Kai Trump shares highlight from Dallas trip, meets WNBA star
Kai Trump shares highlight from Dallas trip, meets WNBA star
President Donald Trump granddaughter Kai Trump met her favourite WNBA star Paige Bueckers in Dallas
Cannes sets strict limits on cruise ships to curb overtourism
Cannes sets strict limits on cruise ships to curb overtourism
Cannes is well known for hosting the famous film festival every year and is a popular vacation destination
Prada credits Indian roots of ‘leather footwear’ after backlash
Prada credits Indian roots of ‘leather footwear’ after backlash
Prada hit with 'cultural theft' allegations after showcasing footwear resembling Kolhapuri sandals