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China Merchants Bank names nonexecutive director

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China Merchants Bank names nonexecutive director

China Merchants Bank Co. Ltd. named Luo Sheng a nonexecutive director on its board.

Luo currently serves as deputy head of the China Banking and Insurance Regulatory Commission's working group to take over Anbang Insurance Group Co. Ltd., among other roles.

The appointment is subject to shareholder and regulatory approvals, the bank said Sept. 10.