Caixin
Apr 20, 2022 07:35 PM
FINANCE

Exclusive: China Huarong Chairman Takes the Reins at Another Bad-Debt Manager

Wang Zhanfeng
Wang Zhanfeng

The chairman of China Huarong Asset Management Co. Ltd. has taken a leadership position at another state-owned asset management company (AMC), Caixin learned, marking a major personnel move at the scandal-plagued bad-debt manager.

After four years at Huarong, Wang Zhanfeng has moved to head China Orient Asset Management Co. Ltd., another “Big Four” bad-debt manager, sources with knowledge of the matter told Caixin.

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