AVIC Trust Fills One-year Vacancy with New Chairman Appointment

What’s new: AVIC Trust Co. Ltd., a financial business unit of the state defense conglomerate Aviation Industry Corporation of China Ltd. (AVIC), has appointed senior executive He Tangbing as its new chairman, filling a vacancy that has been open for more than a year since the former chairman stepped down in connection with a graft probe.

He, AVIC Trust’s deputy general manager since mid-2021, has been named the company’s chairman and legal representative after being approved by the board of directors and shareholders, the Jiangxi-based trust firm said Wednesday.