This Week’s Movers and Shakers

World of Finance

New leadership at CDB, Agricultural Bank: China Development Bank (CDB), one of the three state-owned policy banks, will soon have a new chairman — Zhao Huan (赵欢), who has been president of China’s third-largest commercial bank by assets, the Agricultural Bank of China Ltd. (ABC), since 2016. Zhao built his career at China Construction Bank Corp., another of the big-four state-owned commercial banks, after completing a degree in engineering. He was president of China Everbright Bank before joining the ABC. Zhao’s replacing Hu Huaibang (胡怀邦), who’s been with the CDB since 2013 and is retiring.