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Report: ICBC chairman to retire

Industrial& Commercial Bank of China Ltd. Chairman Jiang Jianqing is setto retire, Reuters reported May 5, citing the China Business News.

Jiang has been chairman since 2000. The exact timing of hisdeparture and his successor are unclear, according to the Chinese publication.

The retirement was announced during a May 4 internal meeting.

A spokesman said the bank has nothing to announce at themoment, Reuters said.