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China Huarong Asset Management names acting chairman, president

The board of China Huarong Asset Management Co. Ltd. appointed Li Xin as president and an executive director.

The company also elected Wang Cong, a nonexecutive director, as acting chairman until a permanent one is appointed, according to a May 11 release.

Wang Zhanfeng was also named an executive director on the board.

The changes are subject to shareholder and regulatory approvals.