Century Securities Co. Ltd. named Li Qiang its new chairman, the China Securities Journal reported May 22.

Li is chairman of Qianhai Financial Holdings Co. Ltd., which holds a 47% stake in the securities company.

A consortium comprising Qianhai Financial and Xiamen ITG Group Corp. Ltd. agreed in September 2018 to acquire 91.65% of Century Securities from Anbang Insurance Group Co. Ltd. Xiamen ITG Group holds a 44.65% stake in the securities firm.