Lv Linhua "passes the baton" as the president of Zhejiang Merchants Bank, previously as the vice president of Zhejiang Rural Commercial Bank.

On the evening of December 23, Zhejiang Bank announced that according to the decision of the Zhejiang Provincial Committee of the Communist Party of China, Lyu Linhua was appointed as a member of the Party Committee and Deputy Secretary of the Party Committee of Zhejiang Bank, nominated as a director and president, and proposed that Chen Haiqiang no longer serve as the president. The board of directors of the bank will complete the relevant work as soon as possible according to legal procedures. Public information shows that Lyu Linhua was appointed as Vice President of Zhejiang Rural Commercial Bank in July 2022. Before entering the banking industry, he had many years of experience working in financial regulatory departments and had held positions such as Director of the Office of Zhejiang Insurance Regulatory Bureau and Director of the Regulatory Department of Zhejiang Banking and Insurance Regulatory Bureau.