综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Head of China Merchants Bank resigns

Xinhua | Updated: 2013-05-08 20:45

BEIJING - Ma Weihua has ended his decade-long tenure as Communist Party of China chief of the China Merchants Bank, the bank announced late Wednesday.

Tian Huiyu, the head of China Construction Bank's Beijing subsidiary, will be appointed as the new head of CMB, the country's sixth-largest lender by market value, the bank said.

Ma did not wish to assume a major role at the bank because of his age, the bank said. His term as CMB president will end in June.

Ma started his job as CMB president 14 years ago, when the bank, with only 100 billion yuan ($16.13 billion) in assets, was reeling from the Asian financial crisis. Ma won recognition by managing reforms that optimized the bank's structure and boosted efficiency.

"Ma demonstrated strong strategic thinking and a global perspective. He pushed forward two important reforms that made our bank a leading business in China," said a senior CMB executive who worked closely with Ma for years.

"He was the one who built the bank's retailing," said the executive, who requested anonymity. Retailing accounted for nearly 40 percent of CMB's profits last year.

"The change will not affect our evaluation of the bank," said Yu Minhua, a financial industry analyst at Zhong De Securities, a joint venture formed by Deutsche Bank and Shanxi Securities.

"Tian has a background in retailing. He fits the job, as retailing is his bank's main business. Senior executives from China Construction Bank tend to be steady leaders. Therefore, CMB is unlikely to change much," Yu added.

Tian, who was also responsible for retail business at China Construction Bank, has been lauded for the rich work experience and asset management know-how he acquired during his 10-year bank management career, as well as the five years he spent working at China Cinda Asset Management Co.

Tian has a master's degree in public administration from Columbia University.

CMB's profits increased 25.31 percent from a year earlier to reach 45.27 billion yuan in 2012. Its first-quarter profits stood at 13.02 billion yuan, ranking first among the country's joint-stock banks, CMB financial reports showed.

The company is listed on exchanges in Shanghai, Hong Kong and the United States. Its shares climbed 0.08 percent to close at 12.5 yuan per share on the Shanghai bourse on Wednesday.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
府谷县| 安平县| 张家界市| 吴旗县| 宜川县| 岑溪市| 齐齐哈尔市| 河北区| 宁乡县| 石屏县| 北宁市| 浙江省| 独山县| 左权县| 连城县| 三门县| 芒康县| 黔江区| 揭阳市| 蒙阴县| 衡山县| 淄博市| 长丰县| 永昌县| 郸城县| 四子王旗| 昌平区| 柯坪县| 德庆县| 镇巴县| 靖宇县| 德江县| 龙江县| 龙里县| 屯门区| 泾源县| 兴山县| 连江县| 天津市| 江陵县| 托克逊县|