BoCom appoints new governor
(Xinhua)
Updated: 2006-09-14 11:11
The board of China's Bank of Communications (BoCom), one of the "Big Four"
banks in China, has appointed Li Jun as the bank's new governor.
Li Jun (file
photo) | Li, 50, was also appointed vice chairman
of the board at a provisional board meeting held on Wednesday afternoon in
Shanghai after the board agreed unanimously on the appointment, said Song Feng,
spokesman for the bank.
"The board believes Li has a deep understanding
about the history, culture, system and management of the Bank of
Communications," he said.
Li's financial career dates back to August
1975 when he started working for the Wuhan branch of the People's Bank of China
in central China's Hubei Province. From October 1985 to October 1990, he worked
for the Wuhan branch of the Industrial and Commerce Bank.
From October
1990 to April 1998, Li was vice general manager and later governor of the Wuhan
branch of the Bank of Communications.
He has been working as auditor
general, director, managing director, executive director and vice governor for
the Bank of Communications since April 1998.
The former governor of the
bank, 51-year-old Zhang Jianguo, was appointed new chief of China Construction
Bank in July.
The Bank of Communications went public in Hong Kong last
June - the first commercial bank on the Chinese mainland to be listed overseas.
By the end of June this year, the total assets of the bank had reached
1.589 trillion yuan (198.625 billion US dollars), an increase of 165.6 billion
yuan over half a year ago, and it had generated a net profit of 6.034 billion
yuan, an increase of 1.429 billion yuan from the previous
year.
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