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.

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 Commission.

Zhao will become the fourth chairman of CDB since the lender was founded in 1994 to support the country’s infrastructure development. He will succeed Hu Huaibang, who had been chairman of...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222