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Century Securities appoints chairman

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.