(Bloomberg) -- China appointed central bank Deputy
Governor Xiang Junbo as president of Agricultural Bank of China
to lead the overhaul and public share sale of a lender with $99
billion of bad debt.
Xiang, 50, replaces 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 as president of Agricultural Bank of China
to lead the overhaul and public share sale of a lender with $99
billion of bad debt.
Xiang, 50, replaces 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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