Long-term risk control expert appointed as the China Construction Bank's first Chief Compliance Officer

Bank of Communications’ First Chief Compliance Officer Officially Appointed

On the evening of February 27, Bank of Communications announced that the board of directors approved the appointment of Mr. Liu Jianjun as Chief Compliance Officer. The appointment of Liu Jianjun as Chief Compliance Officer, concurrently serving as Chief Risk Officer, will take effect after approval of his qualification by the China Banking and Insurance Regulatory Commission.

The board also approved three other important proposals: “Deepening the Reform of Retail Business Mechanisms,” “Amendments to the Bank of Communications’ Business Continuity Management Measures,” and the “2026 Business Plan.”

The Chief Compliance Officer (CCO) is a senior executive position explicitly required by the “Regulations on Compliance Management of Financial Institutions” issued by the China Banking and Insurance Regulatory Commission in December 2024. The regulation officially took effect on March 1, 2025, and the industry is currently in a transitional period for implementation.

Experienced Risk Management Expert Appointed as CCO

According to available information, Liu Jianjun was born in 1967, holds a senior economist title, and earned a Master’s degree in Business Administration from Beijing Institute of Technology.

Liu Jianjun has previously served as the Chief Expert at Bank of Communications, General Manager of the Risk Management Department, Director of the Internal Control and Anti-Fraud Office, President of the Beijing Branch, President and Executive Vice President of the Beijing Management Department (Group Client Department), President and Vice President of the Jilin Branch, Senior Credit Executive, Vice President and Senior Credit Executive of the Changchun Branch, and Vice President and Senior Credit Executive of the Beijing Branch. Since June 2023, he has been serving as the Chief Risk Officer of Bank of Communications.

With his extensive experience in risk management and credit operations, Liu Jianjun has previously held senior executive roles, including Chief Risk Officer at the bank.

Difference Between Chief Compliance Officer and Chief Risk Officer

Within the banking industry, the role of Chief Risk Officer (CRO) is well-known, whereas the Chief Compliance Officer (CCO) is a newly established position. The CRO focuses on quantitative management and limit control of credit, market, and other operational risks; the CCO is responsible for ensuring that business activities comply with laws, regulations, and supervisory requirements, thereby preventing penalties and reputational risks.

In December 2024, the China Banking and Insurance Regulatory Commission issued the “Regulations on Compliance Management of Financial Institutions,” which explicitly requires financial institutions to establish a Chief Compliance Officer at their headquarters. The CCO is a senior management position directly reporting to the Chairman and President (General Manager) and accountable to the Board of Directors.

Financial institutions may appoint a dedicated Chief Compliance Officer or Compliance Officer based on their operational needs, or have senior management personnel, provincial branches, or primary branch managers serve as CCOs. The regulation will take effect on March 1, 2025, with a one-year transition period from the date of implementation.

Banks Appointing Chief Compliance Officers

Over the past year, several banks have appointed Chief Compliance Officers.

Since early 2026, Agricultural Bank of China and Bank of China announced that their Presidents, Wang Zhiheng and Zhang Hui, respectively, serve as their Chief Compliance Officers.

Additionally, Industrial Bank appointed Vice President Sun Xiongpeng as CCO; Ping An Bank appointed Wu Leiming, Assistant to the President, as CCO; Jiangyin Rural Commercial Bank announced that President Ni Qinghua is serving as CCO; China Everbright Bank appointed Vice President Yang Wenhua as CCO.

Earlier, Ningbo Bank appointed Vice President Wang Yongjie as CCO; Changshu Bank appointed newly appointed President Lu Dingchang as CCO.

It is foreseeable that more senior banking professionals will assume the important role of Chief Compliance Officer.

Risk Warning and Disclaimer

Market risks exist; investments should be made cautiously. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Investment carries risks; responsibility rests with the individual investor.