On the move

SPD Bank names Zheng Yang as chairman

Zheng Yang (pictured), 53, was named chairman of SPD Bank earlier this month. Former chairman Gao Guofu, 63, retired. Before joining the bank, Zheng served as director of the Shanghai Municipal Financial Regulatory Bureau. In the past, he also worked as deputy head of the Capital Account Management Department of the State Administration of Foreign Exchange. Other roles he held include deputy director of the Shanghai branch of SAFE, and vice-president of the Shanghai branch of the People's Bank of China.

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