Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Huijin's new appointment gets nod
Adjust font size:

The reshuffling of Central Huijin Investment Company's board of directors was approved by the State Council and Lou Jiwei will be the new board chairman, the Caijing Magazine reported Wednesday, citing people close to the matter.

According to the same sources, Huijin's new board will consist of five directors, including three executive directors – Lou Jiwei, Li Jiange and Xieping – and two independent directors – Wu Xiaoling and Jin Lianshu.

Li Jiange, former deputy director of the Development Research Center of the State Council, will be the vice board chairman. Xie Ping is the company's current general manager. Wu Xiaoling served as a vice governor of the People's Bank of China and is now a deputy director of the Financial and Economic Affairs Committee of the National People's Congress. Jin Shulian is a former official with the Ministry of Finance.

Lou, 57, is also the board chairman of China Investment Corporation (CIC), which owns Huijin.

Huijin was established on December 16, 2003 to take responsibility of capital injection to state-owned commercial banks. It developed into a representative of the state to be a majority shareholder of key state-owned financial enterprises. Huijin has injected capital into the Bank of China, China Construction Bank, Industrial and Commercial Bank of China, the Export-Import Bank of China, China Everbright Bank, China Galaxy Securities Company, Shenyin & Wanguo Securities Co. Ltd. and Guotai Jun'an Securities.

For more details, please read the full story in Chinese

(http://www.caijing.com.cn/20080716/74780.shtml)

(China.org.cn by Yan Pei, July 16, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- China's CIC to invest in global equity market soon
- Fierce competition in bidding to manage CIC assets
- Central Huijin bails out bank
Most Viewed >>
- China on the way to going green
- More Chinese brands among world's top 500
- China Merchants to open branch in NY
- Auto China 2008 staged in Beijing
- Export policy changes in the pipeline
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?