Lanyin Financial Leasing Welcomes New Chairman Liu Jing; Capital Increased to 750 Million Yet Faces New Regulatory Challenges

The Gansu Regulatory Bureau of the National Financial Regulatory Administration recently released an important announcement regarding personnel appointments and removals, officially approving Liu Jing to serve as Chairman of Gansu Lanzhou Lanyin Financial Leasing Co., Ltd. This appointment marks a key step forward for Lanyin Financial Leasing in building its senior management team, injecting new leadership momentum into the company’s strategic development.

Public information shows that Liu Jing previously held important positions at Lanzhou Bank, including Director and Vice President. In November 2025, Lanzhou Bank issued an announcement stating that it had received Liu Jing’s written resignation report submitted due to work adjustments. He resigned from the positions of Director, a member of relevant special committees of the Board, and Vice President, and the resignations became effective upon delivery of the report to the Board. According to people familiar with the matter, after resigning, Liu Jing would take up a position at a holding-controlled subsidiary of Lanzhou Bank, and this reassignment is viewed as an important move to optimize the group’s internal allocation of talent.

According to the annual report data disclosed by Lanzhou Bank, Liu Jing’s pre-tax remuneration in 2023 and 2024 was 1.2562 million yuan and 1.2017 million yuan, respectively. This remuneration level places him in the upper-middle range among bank executives, reflecting the significant responsibilities and performance he delivered during his tenure. The salary adjustment also indirectly confirms the reality that competition for talent in the financial industry is becoming increasingly intense.

Lanyin Financial Leasing has recently completed a major capital operation. On March 30, Lanzhou Bank announced that its Board had approved a plan for its controlling subsidiary, Lanyin Financial Leasing, to convert undistributed profits into share capital. Under the plan, Lanyin Financial Leasing will use 250 million yuan of undistributed profits to increase share capital in proportion to the existing shareholders’ shareholdings. Total share capital will increase from 500 million shares to 750 million shares, and registered capital will be increased accordingly to 750 million yuan. After this capital increase, Lanzhou Bank’s number of shares will rise from 300 million shares to 450 million shares, but its shareholding percentage will remain unchanged at 60%, and the shareholding proportions of other shareholders will also remain as before.

Of particular note is that, according to the latest revised 《Measures for the Administration of Financial Leasing Companies》 by the National Financial Regulatory Administration, the minimum limit for the registered capital of financial leasing companies has been significantly raised from 100 million yuan to 1 billion yuan (or an equivalent freely convertible currency). This means that Lanyin Financial Leasing’s current registered capital of 750 million yuan still does not meet regulatory requirements, and it will still need to satisfy compliance standards through methods such as capital increases. Industry insiders analyze that this capital conversion and share increase may be a phased measure to pave the way for subsequent rounds of capital increases planned by Lanyin Financial Leasing.