ICBC Appoints Liao Lin as Chairman Following Chen Siqing's Age-Related Retirement

The Industrial and Commercial Bank of China, recognised as the world's largest bank by total assets, has elected Liao Lin as Chairman of its Board of Directors, subject to approval by the National Financial Regulatory Administration. The transition follows the retirement of Chen Siqing, who resigned as Chairman and Executive Director in accordance with the bank's age-related retirement policy.

CHEN SIQING DEPARTS UNDER AGE POLICY

Chen Siqing had led ICBC's board since 2019.

The Chinese state maintains a controlling interest in ICBC.