Zhu Yunlai. [File photo]

Zhu Yunlai, the son of former Chinese premier Zhu Rongji, has quit his job as the president and chief executive officer of China International Capital Corp., one of the country's top investment banks, reported the Securities Times.

The report cited a source familiar with the matter that Zhu may start his own business in IT. One possible direction is Internet finance, an area he is very interested in, the Securities Times reported.

Zhu joined CICC in 1998. He began to exert control in 2000 by forming a six-member management committee. He became CEO in 2004.

CICC was founded in 1995 by Morgan Stanley with China Construction Bank. In 2010, Morgan Stanley sold its 34.3% stake to a consortium comprising Government of Singapore Investment Corp., Great Eastern Holdings, private-equity firms Kohlberg Kravis Roberts and TPG Capital after disputes about the venture's management emerged.

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