China Development Bank names new chairman

Former Agricultural Bank of China president Zhao Huan will assume the top role in the policy bank and help manage its ever-increasing assets and loans.

China Development Bank names new chairman

Zhao Huan, president of Agricultural Bank of China ABC, has been appointed chairman of China Development Bank CDB as the policy bank leverages on his extensive experience in handling non-performing loans to manage the soaring assets on its balance sheet.

Zhao’s appointment was confirmed after ABC said on Tuesday he would step down from his role as president and vice-chairman with immediate effect. The appointment is subject to approval from the China Banking Regulatory...

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