Thursday, December 1, 2011

Dec 01 - CCB and ABC Welcomes New Bank Leaders

Source: ChinaScope Financial (Data), CE.CN
+   On Nov. 29, China Construction Bank Co. announced on the HK Stock Exchange the choice of Wang Hongzhang as the bank’s new Executive Director.
+   On the same day, the Agricultural Bank of China Ltd. announced that Jiang Chaoliang will accept the position as the bank’s new Executive Director.
+   Wang Hongzhang, former Secretary of the Commission for Discipline Inspection at the PBOC, has been appointed as new chairman of the China Construction Bank.
+   Jiang Chaoliang, former president of the China Development Bank, has been appointed as chairman of the Agricultural Bank of China.
+   Related Data: Resumes of Wang Hongzhang and Jiang Chaoliang

Resume of Wang Hongzhang
+   Wang Hongzhang, male, born in July 1954, from Changtu, Liaoning
+   Holds a Masters degree in economics from Dongbei University of Finance and Economics, Wang is a senior economist, a certified accountant, a deputy to the 10th National People’s Congress, and a member of the 17th Central Commission for Discipline Inspection.

Resume of Jiang Chaoliang
+   Jiang Chaoliang, male, born August 1957, from Miluo, Hunan
+   Holds a Masters degree in economics from Southwestern University of Finance and Economics, Jiang is a senior economist, a deputy to the 17th National People’s Congress, and a member of the 11th National Committee of the Chinese People’s Political Consultative Conference.

Other News Headlines
  • The CFLP PMI Drops to 49.0%, New Orders Fall Most Sharply
  • Central Bank Lowers the RMB Reserve Ratio by 0.5 Percent
  • NDRC: Retail Electricity Price Increased by RMB 0.03, Contract Thermal Coal Price Gains Limited to Less Than 5%
  • Ministry of Finance: China’s 2011 Fiscal Revenue Will Exceed Budget Estimate


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