He graduated from School of Central Party, Foreign Related Economics Program in 1997, from Xinjiang University, Graduate School of Political Economy Program in 2000 and New Zealand University Graduate School of Business Administration (EMBA) in 2005. Chen Yubao, having started working for Industrial and Commercial Bank of China Limited (ICBC) in 1998, assumed the following positions in order of chronology: Vice President of Xinjiang Yili Branch between November 1998 and February 2003 (he concurrently worked as President of Xinjiang Yining Branch between November 1998 and January 2000), Assistant General Manager of the Xinjiang Branch Company Areas of Operations Department between February 2003 and April 2006, General Manager of Xinjiang Branch International Business Department between April 2006 and March 2009, General Manager of Xinjiang Branch Company Areas of Operations and International Business Department between March 2009 and March 2010, President of the Xinjiang Changji Branch between March 2010 and November 2011, Branch Officer and General Manager of Almaty Branch between November 2011 and August 2014. He was appointed as Assistant General Manager of ICBC Turkey and Member of the Board of Directors of ICBC Yatırım Menkul Değerler A.Ş., a subsidiary of ICBC Turkey, on May 22nd. From January 2016 he was leading the Cross-Border Finance Group as an Assistant General Manager, starting from July 2016 he continues his position as an Assistant General Manager in Accounting and Financial Control Group.
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