(Bloomberg) -- China tapped deputy central bank
governor Xiang Junbo to head Agricultural Bank of China as the
government accelerates restructuring of a bank with $99 billion
in bad loans, preparing it for a stock sale.
Xiang, 50, replaces president and party secretary Yang
Mingsheng, Beijing-based Agricultural Bank said. Yang, a 27-year
veteran of the bank, was nominated by the State Council as vice
chairman of China's insurance regulator.
Read more at Bloomberg Emerging Markets News
governor Xiang Junbo to head Agricultural Bank of China as the
government accelerates restructuring of a bank with $99 billion
in bad loans, preparing it for a stock sale.
Xiang, 50, replaces president and party secretary Yang
Mingsheng, Beijing-based Agricultural Bank said. Yang, a 27-year
veteran of the bank, was nominated by the State Council as vice
chairman of China's insurance regulator.
Read more at Bloomberg Emerging Markets News
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