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MOVES-China's AgBank appoints Zhou Mubing as party secretary
May 26, 2016 / 11:12 AM / a year ago

MOVES-China's AgBank appoints Zhou Mubing as party secretary

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BEIJING, May 26 (Reuters) - Agricultural Bank of China Ltd (AgBank) , the country’s third-biggest lender, said it has appointed Zhou Mubing as the bank’s Communist Party secretary, it said in an emailed statement on Thursday.

The appointment as party secretary is typically a precursor to being made chairman at a state-owned bank.

Zhou, 58, is a former vice-chairman of China Banking Regulatory Commission (CBRC). His departure from the CBRC was announced earlier this month by the State Council, China’s cabinet.

Zhou’s appointment as chairman is still pending approval from the board, a person familiar with the matter said.

Prior to joining the CBRC, Zhou was a vice-mayor of the southwestern city of Chongqing and worked at Industrial and Commercial Bank of China Ltd , the country’s biggest lender. (Reporting by Shu Zhang and Nicholas Heath; Editing by Sherry Jacob-Phillips and Mark Potter)

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