Senior banking regulator Wang Zhanfeng to be named China Huarong chairman -sources

XinKong International Capital Holdings

18/04/2018 07:50

BEIJING, April 18 (Reuters) - Senior Chinese banking
official Wang Zhanfeng is set to be named chairman of China
Huarong Asset Management Co Ltd  2799.HK , replacing the former
head who is under investigation for alleged corruption, two
people with knowledge of the matter told Reuters on Wednesday.
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    Li Xin, chief supervisor of China Orient Asset Management Co
Ltd, will be named president of Huarong, one of China's largest
state-owned bad debt managers, the people said, declining to be
identified as the information was not public.
    Huarong and China Orient did not immediately respond to
Reuters requests for comment.

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China investigating Huarong chairman for suspected graft   
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 (Reporting by Shu Zhang, Li Zheng and Ryan Woo)
 ((shu.zhang@thomsonreuters.com; +86 10 6627 1271; Reuters
Messaging: shu.zhang.thomsonreuters.com@reuters.net))