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Zhou Hui, First President of Hunan Bank, Proposed for Further Role
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Hunan Province's Organization Department announced on September 24 that Zhou Hui, the current President, Vice Chairman, and Deputy Party Secretary of Hunan Bank, is proposed for further use, indicating a potential promotion or new role. Zhou Hui, born in 1971, holds a PhD in management from Zhongnan University of Economics and Law and a postdoctoral degree in applied economics from Peking University. His career spans academia, securities firms, and provincial financial regulation, including roles at First Capital Securities, Fortune Securities, and the Hunan Provincial Financial Affairs Office. He became Hunan Bank's first president after its rebranding from Huarong Xiangjiang Bank in 2022, with his qualifications approved in December 2022. Hunan Bank, now a provincial state-controlled financial enterprise with major shareholders Hunan Chixin Financial Holdings (35.85%) and Central Huijin Investment (17.71%), reported total assets of 652.521 billion yuan as of June 2026, with first-half revenue of 5.901 billion yuan and net profit of 1.953 billion yuan, up 5.33% and 0.56% year-on-year respectively. The bank's non-performing loan ratio stood at 1.72% with a provision coverage ratio of 168.18%.
Source report
The Organization Department of the Hunan Provincial Party Committee issued a pre-appointment public notice on September 24, announcing that Zhou Hui, currently Deputy Secretary of the Party Committee, Vice Chairman, and President of Hunan Bank, is proposed for further use.
Professional Background
According to publicly available resumes, Zhou Hui was born in January 1971. He holds a postgraduate degree and a Ph.D. in Management from Zhongnan University of Economics and Law, and completed postdoctoral research in Applied Economics at Peking University. He is a researcher, a national candidate for the "Hundred, Thousand, Ten Thousand Talent Project," and a nationally recognized young and middle-aged expert with outstanding contributions.
Career Timeline
- 1988–1999: Completed undergraduate and master's studies at China Pharmaceutical University and Maastricht School of Management, respectively. Held management positions at China Otsuka Pharmaceutical Co., Ltd. and Shanghai Baxter Healthcare Co., Ltd.
- 1999–2002: Doctoral candidate in Business Management at Zhongnan University of Economics and Law; previously served as a lecturer at Zhongnan University.
- 2002–2004: Postdoctoral researcher at the Peking University–Shenzhen Stock Exchange Postdoctoral Station.
- 2004: Associate Professor at the School of Economics and Trade, Zhejiang University of Finance and Economics (July–December).
- 2004–2007: Assistant President and Vice President at First Capital Securities Co., Ltd.
- 2007–2013: Vice President (March–June 2007) and then President (June 2007–July 2013) of Fortune Securities Co., Ltd., concurrently serving as Executive Director, Director of Desheng Futures Co., Ltd., and Chairman of Fortune Lyon Securities Co., Ltd. Completed postdoctoral research at the Institute of Finance and Banking, Chinese Academy of Social Sciences during this period.
- 2013–2018: Member of the Party Leadership Group and Deputy Director of the Hunan Provincial Financial Work Office.
- 2018–2021: Member of the Party Leadership Group and Deputy Director of the Hunan Provincial Local Financial Supervision and Administration Bureau.
- 2021–2022: Continued as Deputy Director of the Hunan Provincial Local Financial Supervision and Administration Bureau, while also serving as a member of the Standing Committee of the Xiangtan Municipal Party Committee and Deputy Mayor of Xiangtan (seconded).
Appointment as Hunan Bank President
In September 2022, the Organization Department of the Hunan Provincial Party Committee issued a pre-appointment notice proposing Zhou Hui for the position of head of a provincial enterprise. In November of the same year, the Hunan Provincial Government appointed Zhou Hui as President of Hunan Bank (with a one-year probation period) and removed him from his position as Deputy Director of the Provincial Local Financial Supervision and Administration Bureau. Approval documents show that the former Hunan Banking and Insurance Regulatory Bureau approved Zhou Hui's qualifications as Director, Vice Chairman, and President of Hunan Bank in December 2022.
Based on the date of qualification approval, Zhou Hui has served as President of Hunan Bank for over three years. Notably, he is also the first president of Hunan Bank following its rebranding from Huarong Xiangjiang Bank.
About Hunan Bank
Hunan Bank was established in 2010, formerly known as Huarong Xiangjiang Bank. It was formed through the restructuring of the commercial banks of Zhuzhou, Xiangtan, Hengyang, and Yueyang, along with the Shaoyang City Credit Cooperative. In 2022, China Huarong sold its entire stake in Huarong Xiangjiang Bank to Hunan Chixin Financial Holdings Group and Central Huijin Investment. The bank was subsequently renamed Hunan Bank and is now a state-controlled financial enterprise under the management of Hunan Province. The Hunan Provincial Department of Finance acts as the state-owned financial capital investor, with a registered capital of RMB 8.75 billion.
Shareholding Structure
- Largest shareholder: Hunan Chixin Financial Holdings Group Co., Ltd., holding a combined 35.85% stake.
- Second-largest shareholder: Central Huijin Investment Co., Ltd., holding a 17.71% stake.
Financial Performance
As of the end of June 2026, Hunan Bank reported:
- Total assets: RMB 652.521 billion
- First-half revenue: RMB 5.901 billion (up 5.33% year-on-year)
- First-half net profit: RMB 1.953 billion (up 0.56% year-on-year)
Regulatory Indicators
- Non-performing loan balance: RMB 6.197 billion
- Non-performing loan ratio: 1.72%
- Provision coverage ratio: 168.18%
Compiled by: New Xiangcai / Written by: Xiangcai Plus
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Source
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Hunan Bank President Zhou Hui Proposed for Further Use in Provincial Cadre Adjustment