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China Guangfa Bank dismisses vice chairman/president

Liu Jiade was dismissed as vice chairman and president of China Guangfa Bank Co. Ltd.

Yin Zhaojun was named his replacement in both roles, the lender's majority shareholder, China Life Insurance (Group) Co., said in a July 29 release. No specific reasons were given for the dismissal.

Yin is also a vice president of China Life Insurance (Group).