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Biz people of August
By Hu Yang and Zhao Tingting (chinadaily.com.cn)
Updated: 2010-09-01 16:39
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Fu Yuning appointed chairman of China Merchants Group
China Merchants Group appointed company president Fu Yuning to replace Qin Xiao, who will retire, as the new chairman, and Li Jianhong was named the new company president.
The State-owned conglomerate said that Fu has been the company president for about 10 years, but did not specify when the appointment will take effect.
China Merchants Group is the parent company of port operator China Merchants Holdings (International) Ltd and China Merchants Bank Co, the country's sixth-largest lender by assets.
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