Merrill appoints two country research heads.

Joan Zheng will head mainland research and Clifford Lam takes on Hong Kong.

Merrill Lynch has appointed new heads of its China and Hong Kong research teams. Joan Zheng will takes the reins as the new head of China research and China country equity strategist, while Clifford Lam will become Merrill's new head of Hong Kong research.

Zheng will be based in Hong Kong and departing JPMorgan Chase's Greater China research team, which she headed up. She has also previously worked at Baring Securities and Bank of China....

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