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Wang Yong succeeds Li Rongrong to head SASAC
Li Rongrong |
Wang Yong |
Li, 66, has been director and Party chief of the State-owned Assets Supervision and Administration Commission (SASAC) since it was established in 2003. He pushed the restructure of centrally-administered State-owned enterprises (SOEs), reducing the number from 196 to 123.
Li's successor, the 55-year-old Wang, is expected to take over his unfinished work. Wang had previously served as the deputy chief of the SASAC and gained extensive experience in running an SOE while working as a senior executive of China Aerospace Science and Technology Corporation.
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