Shakers: Retirement triggers China bank shake-up – Luo Jun

From International Herald Tribune:

Citic Group, China’s biggest state-run , announced the of its chairman, Wang Jun, on Thursday, triggering a government-directed management reshuffle among the country’s biggest financial institutions.

Wang will be replaced by Kong Dan, president of the company, which is based in . Replacing Kong as president and vice chairman of Citic is Chang Zhenming, who resigned as president of . Zhang Jianguo, in turn, resigned as president of to replace Zhenming at China Construction Bank.[Full Text]

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