Recently CCB approved the resignation of its Shanxi and Hunan branches’ presidents, which has drawn attention from the media. According to an executive of CCB, to improve internal management and strengthen accountability the bank not long ago formulated the Regulations on the Accountability of Senior Executives and the Higher Authorities of Units Where Law Cases Occur which is welcomed by all of its staffs and all sectors of the society. Since a number of law cases have occurred in the grassroots jurisdictions of the bank’s Shanxi and Hunan branches, their presidents, in accordance with the Regulations, take the blame and submit the resignation letter. In order to build the sense of responsibility and strictly implement the Regulations, the Headquarters decided to approve their resignation.

During their term, the two comrades worked diligently to push for the reform and business development and support local economic growth, which is recognized by the local governments and related agencies, noted the executive. The leadership of CCB agreed that the performance of each senior executive should be evaluated comprehensively and their achievements and weak points should be separated and assessed objectively. The accountability system should be observed and “punishment” shall not be overemphasized. According to related rules, after resignation the two comrades will be appointed to other suitable jobs by the Headquarters and receive further training. The CCB’s senior executives believe they will work hard at their future posts and make new achievements. With outstanding achievements and complying with the promotion standards, those who take the blame and resign still have the opportunity to be appointed to key posts.

The executive indicated that the Headquarters has appointed new presidents to the two branches. The bank will continue to strengthen the accountability system, intensify reform of the incentive and disincentive regime and encourage all of its staffs to work hard to accelerate its development and fulfill the tasks of the shareholding reform.