Huaneng's Li steps down

Li Xiaopeng has resigned as chairman of China Huaneng Group, the country's largest power generation company.

"Li will leave Huaneng due to change of work arrangements," the company's listed arm Huaneng Power International Inc said in a statement to the Hong Kong stock exchange yesterday, without elaborating.

Huang Yongda, vice-chairman of Huaneng Group, was appointed acting chairman.