男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

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
主站蜘蛛池模板: 灵川县| 姚安县| 徐水县| 和政县| 平遥县| 满城县| 泗阳县| 黑河市| 普兰店市| 泸水县| 宿松县| 金华市| 金平| 威信县| 东辽县| 西贡区| 汕尾市| 松江区| 哈密市| 恩平市| 庆元县| 本溪| 镇远县| 常宁市| 浦城县| 延边| 新泰市| 阳曲县| 巴南区| 呼玛县| 南江县| 东宁县| 海南省| 平邑县| 安多县| 柳河县| 常宁市| 黄陵县| 丹东市| 临高县| 高台县|