
What’s new: Industrial and Commercial Bank of China Ltd. (ICBC), the world’s largest commercial bank by assets, is set to name Zheng Guoyu as a new vice president, sources with knowledge of the issue told Caixin.
Zheng, a former vice president at Bank of China Ltd., has been appointed a member of the Communist Party committee of ICBC (601398.SH) and will take the position of vice president following relevant administrative procedures, the sources said.