Prominent Bank of China Chairman Liu Liange Resigns

Bank of China, a prominent State-owned commercial lender, announced on Sunday that Liu Liange had tendered his resignation as chairman and executive director of the bank, citing a change in job. The resignation became effective on Saturday. As per the announcement, Liu confirmed that he did not have any disagreement with the bank’s board of directors, and there were no matters that needed to be brought to the attention of the bank’s shareholders. BOC stated in the announcement that under Liu’s leadership, the bank diligently fulfilled its tasks of serving the real economy, preventing and mitigating financial risks, and deepening financial reforms. He improved corporate governance, strengthened group-wide management and control, deepened system and mechanism reform, promoted digital transformation of operations and management, and advanced comprehensive risk management. Born in 1961, Liu joined BOC in 2018 and has been serving as the bank’s chairman since July 2019. He previously held various positions, including vice-chairman and president of BOC, vice-chairman and president of the Export-Import Bank of China, and director of the African Export-Import Bank. He also worked for many years at the People’s Bank of China, the country’s central bank.