Fan Dazhi holds a PhD degree and is a senior accountant. He is the President and Deputy Party Secretary as well as a Director of Hua Xia Bank. Before reaching the position of president Fan was the General Manager of Investment Banking Department at the headquarters of Beijing International Trust Co., Ltd.
He was also Deputy Director and party member of Beijing Offshore Financing and Investment Center. Fan was Director, General Manager and party member of Beijing State-Owned Assets Management Co., Ltd. He was Director, General Manager and Deputy Party Secretary of Beijing Securities. He was also Chairman of Supervisory Board of UBS Securities Co, Ltd, and Director, Executive Vice President and Deputy Party Secretary of Hua Xia Bank.
Fan leads a bank with 25,200 employees and has annual sales of over $16 billion. Hua Xia Bank is a national commercial bank, which engages in the provision of commercial banking and lending services. The company through its subsidiaries provides various services, which include public deposit-taking, granting of short, medium and long-term loans, domestic and international settlement, bill acceptance and discount, issuance of financial bonds, issuance, encashment and underwriting of government bonds as an agent, trading of government bonds and financial bonds, inter-bank lending and borrowing, trading of foreign exchange on its own behalf and as an agent, bank card service, provision of letter of credit and letter of guarantee, collection and payment service as an agent, safety box service, foreign exchange settlement and sales, sideline insurance agency, and other services.
The bank operates through various nationwide branches and offices which are divided into four geographical segments: Northern and Northeastern China, Eastern China, Southern and Central China, and Western China.
In October 1992, the bank began operations in Beijing, China. It became a nationwide joint stock commercial bank after restructuring in March 1995. The bank went public in September 2003, as the fifth Chinese bank listed on the Shanghai Stock Exchange. The bank entered into an agreement in October 2005 with an international strategic investor, Deutsche Bank, and completed two rounds of private placement of new shares in October 2008 and April 2011 respectively.
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