Jilin Bank Chairman Qin Jizhang Taken Away for Detention

Jilin Bank’s current chairman, Qin Jizhang, has been taken away for investigation, marking the second top leader of the bank to be taken away within 10 days.

According to a report by Caixin on December 3, Jilin Bank Chairman Qin Jizhang has been taken away for detention. It is worth mentioning that on November 24, the former chairman of Jilin Bank, Chen Yulong, voluntarily surrendered himself and is currently undergoing disciplinary review and supervision investigation by the Jilin Provincial Commission for Discipline Inspection and Supervision.

Public records show that Qin Jizhang, 57 years old, previously worked at the China Export-Import Bank and joined China Merchants Bank at the end of 2001, holding positions such as office director, director of headquarters business, and Hangzhou branch manager. In 2016, Qin Jizhang left China Merchants Bank and was transferred by China Merchants Bureau Group to participate in the establishment of China Merchants Renhe Life Insurance and served as deputy general manager, among other positions.

In April 2020, introduced by the then president of Jilin Bank, Chen Yulong, Qin Jizhang was appointed vice president of Jilin Bank. In December 2022, he officially became the president of Jilin Bank. In June 2023, he was promoted to chairman of Jilin Bank, until being taken away for investigation this time.

As of now, among the six chairmen of Jilin Bank, four chairmen have been investigated and removed from their positions.

In November 2011, the first chairman of Jilin Bank, Tian Xueren, was investigated and later sentenced to life imprisonment for corruption.

In July 2014, the second president, Tang Guoxing, was transferred to the Deputy Director of the Jilin Provincial Financial Work Office and was dismissed six months later.

In November 2019, the third chairman, Zhang Baoxiang, was investigated for serious violations of discipline and law, and in November 2021 was sentenced to 12 years in prison.

After Zhang Baoxiang was removed from office, Jilin Bank successively welcomed Chen Yulong, Wang Lisheng, and Qin Jizhang as chairmen.

Currently, among the six chairmen of Jilin Bank, only Wang Lisheng has not encountered any issues.