Bank of China Appoints Zhang Hui as President, Joining from China Development Bank

Bank of China has appointed Zhang Hui as President, with his tenure commencing on 23 December 2024. The appointment followed approval by the bank's Board of Directors on 2 December 2024 and the subsequent receipt of the necessary regulatory clearance.

Zhang arrives at Bank of China from China Development Bank, where he served as Executive Vice President from November 2020 to November 2024. China Development Bank is a policy-oriented financial institution that finances infrastructure, industrial and development projects.

BANK OF CHINA

Bank of China is one of China's four major state-owned commercial banks.

The bank operates across more than 60 countries and regions, serving Chinese enterprises operating abroad, non-Chinese corporate clients, and retail customers in various markets.