He Li, former editor-in-chief of Caijing magazine. [Photo / Sina.com.cn]

He Li, editor-in-chief of Caijing magazine, said he is quitting his current job to start a new magazine, he revealed via his sina.com.cn micro blog Sunday, news portal Sina.com.cn reported.

He confirmed by telephone with Sina.com.cn that he is leaving Caijing magazine, already is recruiting for staff members and plans to begin publishing the new monthly magazine in June.

"We are preparing for a magazine which has a strong background and capital strength," He wrote on his micro blog.

"We hope people with a sense of mission, imagination and who love reading can join us. Writing skills, educational background and English are basic requirements, and the treatment will be, without a doubt, first class," he wrote.

He hopes that this opportunity can be a new beginning in his life, the website reported.

The former editor-in-chief of Caijing magazine Hu Shuli left the magazine with her team in November 2009. He Li stepped in and took the job, according to Sina.com.cn.