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CICC may bring in Bi to regain shine

By Bloomberg | China Daily | Updated: 2015-02-07 08:01

Appointment seen smoothing the way for planned IPO in Hong Kong

China International Capital Corp, the once-dominant investment bank that has lost ground to rivals, hired its former investment banking head as chief executive officer, people with knowledge of the matter said.

Bi Mingjian is set to replace Levin Zhu, son of a former Chinese premier, the people said, asking not to be identified before a public announcement. The appointment needs regulatory approval, one of the people said.

CICC may bring in Bi to regain shine

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