Top talent exits pose problems for CICC

Jin Liqun, chairman of investment bank China International Capital Corp Ltd, has resigned from the post. He is the second top executive to leave the firm in less than two weeks, raising concerns about the direction of CICC.

Jin has been replaced by Ding Xuedong, chairman and chief executive of sovereign wealth fund China Investment Corp, the company announced in a press release on Thursday.

Jin's departure came just a week after the resignation of Zhu Yunlai, the son of former premier Zhu Rongji, as the chief executive officer of the investment bank.