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Caixin Global
Caixin Global
Business
Bao Zhiming and Wang Xintong

Trio of Major Chinese State Firms Swap Leaders

Sasac SOEs

What’s new: A trio of major Chinese state-owned enterprises have swapped leaders, as part of a broader management reshuffle in the state sector, the government agency responsible for overseeing them announced.

Bai Zhongquan has been appointed the Communist Party chief and chairman of China National Pharmaceutical Group Co. Ltd., replacing Liu Jingzhen, according to a statement published Friday by the State-owned Assets Supervision and Administration Commission (SASAC).

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