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China names new candidate to head Huarong Asset Management

China names new candidate to head Huarong Asset Management

FILE PHOTO: The logo of China Huarong Asset Management Co is seen at its office in Beijing, China, April 16, 2021. REUTERS/Thomas Peter

BEIJING: China's top banking watchdog has named Liang Qiang, an asset management veteran, as deputy communist party boss of the embattled China Huarong Asset Management Co, the company revealed in a statement on Tuesday.

Liang, formerly president of Great Wall Asset Management, has also been recommended as a potential candidate for Huarong's president and executive director, the statement said, citing an internal executive meeting on June 4.

(Reporting by Cheng Leng, Zhang Yan and Ryan Woo; editing by Louise Heavens)

Source: Reuters

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