China's AgBank president resigns for personal reasons: Shanghai exchange
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BEIJING] The president of China's third-biggest lender by assets, Agricultural Bank of China Ltd (AgBank) resigned for personal reasons, the Shanghai Stock Exchange said in a statement on Friday.
Zhang Yun, who was both the president of the bank and the vice chairman, was taken away to assist with an investigation, Bloomberg reported in November, citing people familiar with the matter.
AgBank's board approved the bank's current chairman Liu Shiyu to be the acting president, the exchange said, in a separate statement on Friday.
Corruption investigations instigated by China's President Xi Jinping have ensnared top politicans, state enterprise leaders and a cast of senior bankers, including AgBank's former vice president, who was jailed for life for graft.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
