Qiao Hongjun was appointed as General Manager of the Financial Institutions Department of Bank of Communications, while Xu Tie was nominated to be President of Bank of Communications Wealth Management.

The position of General Manager of Financial Institutions Department and President of Asset Management Business Center at the head office of Bank of Communications has recently been filled, while the vacant position of President of Bank of Communications Wealth Management that has been vacant since the middle of the year also has a new candidate. Starting from June this year, the former General Manager of Financial Institutions Department and former President of Asset Management Business Center at the head office of Bank of Communications, Yuan Qingwei, was transferred to Schroder Fund of Bank of Communications to serve as General Manager. The position of "top leader" of Financial Institutions Department/Asset Management Business Center is now held by Xu Tie, the former General Manager of Asset Custody Department of Bank of Communications. However, less than half a year later, it was exclusively learned by a reporter from 21st Century Business Herald that Xu Tie was transferred to Deputy Secretary of the Party Committee and nominee for President of Bank of Communications Wealth Management, while Qiao Hongjun, the President of Anhui Branch of Bank of Communications, took over as General Manager of Financial Institutions Department and President of Asset Management Business Center at the head office.