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Chairman of China's first investment bank to step down

Shanghai

CHINA International Capital Corp (CICC) said on Thursday that its chairman would step down and be replaced by the head of the country's sovereign wealth fund, the second change in top management at the investment bank in as many weeks.

Chairman Jin Liqun's departure comes a week after chief executive Levin Zhu, the son of former premier Zhu Rongji, resigned.

Reuters reported last week that Mr Jin would quit this year to take up a position at Asia Infrastructure Investment Bank (AIIB), a regional...

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