Qfin Holdings Names Risk Chief Yan Zheng as New CEO

Qfin Holdings, Inc. (NASDAQ: QFIN; HKEx: 3660) has executed a leadership transition at the C-suite level, appointing Yan Zheng as Chief Executive Officer effective September 21, 2026. The company, a Shanghai-based AI-empowered credit-tech platform, made the change to align executive focus with its long-term strategic goals and international expansion ambitions.

Outgoing CEO Haisheng Wu will step down from his executive and board roles to concentrate on developing the company's overseas business. The board stated that this restructuring allows Wu to leverage his experience in international markets while Zheng assumes full operational control of the domestic credit-tech operations.

New CEO brings risk management expertise

Zheng joins the top role with 18 years of experience in consumer finance risk management. He previously served as Qfin Holdings’ Vice President from 2017 and Chief Risk Officer from 2020, giving him deep institutional knowledge of the company’s credit product architecture and risk mitigation strategies.

Before his tenure at Qfin Holdings, Zheng co-founded Shenzhen Samoyed Internet Finance Service Co. Ltd. in 2015, where he managed credit product risks. He also spent six years at China Merchants Bank, contributing to the establishment of China Merchants Union Consumer Finance Company Limited and overseeing consumer credit policies.

Board cites international growth focus

Chairman Fan Zhao explained that the management change is driven by the potential of the company’s international business. The board aims to separate domestic operational oversight from global expansion, ensuring that both areas receive dedicated senior-level attention without diluting strategic focus.

Wu will remain with the company in a non-executive capacity, working closely with Zheng to facilitate a smooth transition of responsibilities. The board believes this collaborative approach will preserve institutional memory while allowing Zheng to implement new strategic initiatives for the domestic credit-tech segment.

Strategic shift in operational priorities

The appointment of a risk management specialist as CEO signals a continued emphasis on credit quality and regulatory compliance. This move aligns with the broader trend in Chinese credit-tech platforms to prioritize sustainable growth and risk control over rapid scale expansion.

According to reporting by Yahoo Finance, this leadership update is part of a broader effort to maximize long-term shareholder value. By placing a veteran risk officer at the helm, Qfin Holdings positions itself to navigate a complex regulatory environment while pursuing new revenue streams internationally.