Financial Institution of China Head of state Liu surrenders, chairman to be acting head of state

BEIJING (Reuters) – Financial Institution of China Vice Chairman and Head of state Liu Jin surrendered for individual factors reliable on Sunday, the financial institution claimed.

The state-owned loan provider claimed in a declaration that its board had actually accepted Chairman Ge Haijiao to function as acting head of state.

Liu, 57, has actually held elderly duties at significant Chinese financial institutions, consisting of ICBC[ ICBCA.UL] and China Growth Financial Institution. He worked as head of state of China Everbright Financial institution prior to signing up with Financial institution of China as vice chairman and head of state in 2021.

( Coverage by Beijing newsroom; Modifying by William Mallard and Kim Coghill)

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