What happened
Inner Mongolia Bank has called a temporary shareholder meeting for early September to vote on appointing Niu Guanrong and Zhao Gang as executive directors and removing Hong Shaoping from the board. The bank's announcement indicates Niu has already taken on the roles of party secretary and chairman (nominee), while Zhao has become deputy party secretary, president and director (nominee). Niu previously served as president of Mengshang Bank, and Zhao was vice president of Inner Mongolia Rural Commercial Bank.
The meeting will also review a change in registered capital. The bank has moved to cut registered capital to 4.575 billion yuan through a simple capital reduction, then use special bond funds converted into equity to add 5.5 billion yuan of core tier-1 capital, lifting registered capital to 10.075 billion yuan. Regulators approved the plan by the end of 2025, but the bank has not yet completed the registration change.
The leadership vote follows a turbulent period. Hong, who had been chairman, saw his seat as a deputy to the regional people's congress recalled at the end of July. Earlier, Guo Dayong left the chairmanship in June 2025 for health reasons after less than a year in the post, and Hong took over, with his appointment qualification approved this March.
Why it matters
The shake-up means a major regional state-owned bank is changing leadership again after several recent transitions, and it comes at a time when the bank is still working through a capital restructuring. The combination of repeated leadership turnover and an unfinished capital plan could affect confidence in the bank's direction.
Transparency is also a concern: the bank has still not publicly disclosed its annual reports for 2024 or 2025, even as it reports assets above 200 billion yuan and liabilities above 190 billion yuan. That makes the upcoming shareholder meeting an important test of governance and disclosure.
Key facts
Niu Guanrong and Zhao Gang have been named party secretary and chairman (nominee) and deputy party secretary, president and director (nominee), respectively.
Hong Shaoping, previously chairman, had his post as a deputy to the 14th Inner Mongolia Autonomous Regional People's Congress recalled at the end of July.
Inner Mongolia Bank has not publicly disclosed its 2024 or 2025 annual reports; by the end of 2025, its total assets exceeded 200 billion yuan and total liabilities exceeded 190 billion yuan.
What to watch next
Whether the temporary shareholder meeting in early September approves the election of Niu and Zhao as executive directors and approves Hong's removal from the board.
Whether the bank completes the registered capital change and eventually publishes its delayed annual reports, which will be closely watched by investors and regulators.
Whether any further legal or regulatory developments follow Hong's recall as a people's congress deputy.