Biz Scene: Biz Moves

Board change

Hainan Airlines Co, China's fourth largest carrier, said Chairman Chen Feng (pictured) may leave its board. The departure may come as the airline plans to cut the number of its board members to seven from nine, it said in a statement to the Shanghai Stock Exchange yesterday, without elaborating.

Ratings head

Xinhua Finance has appointed Chen Chung-hsing as the head of its ratings service line. Chen joins from Bank of Overseas Chinese Leasing in Taiwan, where he was chairman and president. He has strong experience as an academic and senior executive. Chen will also be vice-chairman of Shanghai Far East Credit Rating, an affiliate of Xinhua Finance.

(China Daily 11/02/2007 page15)