CHINA-LEADERSHIP: NEW PARTY SECRETARY AT STATE-OWNED CITIC

The trillion dollar State-owned conglomerate Citic Group Corp. on March 20 announced the appointment of Zhu Hexin, a Deputy Governor of the People’s Bank of China (PBOC), as its new Communist Party secretary. The Citic Group said at a management meeting that Zhu became party chief, replacing Chang Zhenming. Caixin cited sources to say that Zhu Hexin will also succeed Chang Zhenming as Chairman shortly. A regulator told Caixin that it seems to be “an important task to have the deputy governor of the central bank lead Citic Group at the moment.”





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