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Laura Cha, chairman of Hong Kong Exchanges and a member of the Executive Council of the Hong Kong government, has joined the board of Ant Group as a new independent director, as the Alibaba’s fintech affiliate nears the end of a corporate restructuring aimed at easing government concerns.Yang Xiaolei, an independent director of Hengfeng Bank and a former lawyer at an affiliate of Citic Group, has also joined as a new independent director at Ant Group.After the appointment, Ant Group has four independent directors. Other independent directors are Hao Quan, a board member at PC giant Lenovo’s parent company Legend Holdings Corp, and Chinese economist Huang Yiping.The last board restructuring happened in August 2020, when current Alibaba chief executive Daniel Zhang Yong, former Alibaba CFO Maggie Wu and one of Alibaba’s 18 co-founder Peng Lei, quit the board ahead of Ant’s planned initial public offering.The appointment of Laura Cha came a week after Chinese Premier Li Keqiang vo ....
Recently, the People's Bank of China (PBoC), together with the National Development and Reform Commission （NDRC）, the Ministry of Justice, the Ministr ....
Народный суд высшей ступени провинции Шаньдун (Восточный Китай) в качестве суда второй инстанции приговорил бывшего председателя правления Hengfeng Bank Цай Гохуа к смертной казни с отсрочкой исполнения приговора на два года по обвинению в злоупотреблении властью, коррупции, взяточничестве и других преступлениях, сообщил вышеназванный суд. Об этом передает ДВ-РОСС со ссылкой на агентство «Синьхуа». Согласно решению ....