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# Agricultural Bank of China Appoints Wang Zhiheng as President Following Regulatory Approval
- URL: https://www.theglobalbanker.com/agricultural-bank-of-china-appoints-wang-zhiheng-president-regulatory-approval/
- Published: 2024-06-28T11:07:00.000Z
- Updated: 2026-10-02T12:57:17.000Z
- Description: Wang Zhiheng has been approved as President of Agricultural Bank of China by the National Financial Regulatory Administration, effective 28 June 2024.
- Author: TGB Editorial Team
- Tags: Executive Moves, Asia-Pacific, #archive

Agricultural Bank of China has a new President. Wang Zhiheng received formal approval from the National Financial Regulatory Administration on 28 June 2024, with the authorisation documented under Jin Fu \[2024\] No. 442.

The bank's board had already appointed Wang Zhiheng as President on 6 June 2024, subject to ratification of his qualification by the regulator, meaning regulatory sign-off arrived just over three weeks after the internal process concluded. 

#### REGULATORY PROCESS AND BOARD APPROVAL

Under China's banking governance framework, senior executive appointments at systemically important state-owned banks require prior clearance from the National Financial Regulatory Administration — the body formed in 2023 by the merger of the China Banking and Insurance Regulatory Commission and the financial regulation functions previously held by the People's Bank of China — before they take effect. The bank received the regulator's approval of his qualification on 28 June 2024, the day his term of office began.

The bank disclosed the full details, including the regulatory reference number, in an announcement published to its investor relations portal in both Chinese and English.

#### ABOUT AGRICULTURAL BANK OF CHINA

Agricultural Bank of China sits alongside Bank of China, China Construction Bank, Industrial and Commercial Bank of China and Bank of Communications among the state-controlled lenders designated as globally systemically important banks. Its mandate centres on financing China's rural economy and supporting agricultural development.