Orient Asset Management, one of the four major AMCs, changed its coach today. On the morning of April 20, Orient Asset convened the Party Committee. Former Huarong Party Secretary and Chairman Wang Zhanfeng was appointed as the Party Secretary of Orient Asset and recommended the position of Chairman. On April 18, 2018, when the Lai Xiaomin case happened, Wang Zhanfeng, the former director of the Guangdong Banking Regulatory Bureau, was appointed to serve as the secretary of the Huarong Party Committee and later the chairman of the board. It has been four years since then.
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