Aug 22, 2014 03:04 PM

Ex-Minsheng Chairman Takes Helm of Private Capital 'Aircraft Carrier'

(Beijing) – The former chairman of China Minsheng Bank has joined a new private company hailed by Chinese media as ready to become an "aircraft carrier" in the field of private capital investment.

Dong Wenbiao, 57, has become the chairman of China Minsheng Investment, which was incorporated in Shanghai in May with registered capital of 50 billion yuan, a source close to the situation said. The firm opened for business on August 21.

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