Cosco Executive Named Hong Kong Liaison Office Deputy
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Zhang Yong (Left), Qi Bin Photo: Liaison Office
China has appointed a state-owned enterprise executive experienced in trade law and compliance as a deputy director of the central government’s liaison office in Hong Kong, according to an official update on Wednesday.
Zhang Yong succeeded Qi Bin, a former executive vice president at China’s sovereign wealth fund, who had held the post for just over a year.
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- Zhang Yong, former executive at China Cosco Shipping, was appointed deputy director of the central government’s liaison office in Hong Kong.
- Zhang has experience in trade law, compliance, and roles within China's Ministry of Commerce and economic policymaking bodies.
- His appointment follows Qi Bin and has sparked speculation about links to U.S.-China trade and a potential deal involving CK Hutchison Holdings.
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Who’s Who
- China Cosco Shipping Corp. Ltd.
- China Cosco Shipping Corp. Ltd. is a state-backed shipping giant. Zhang Yong, who has experience in trade law and compliance, served as an executive vice president, chief legal officer, and chief compliance officer at the company before his new appointment. There is market speculation that Zhang's move from Cosco Shipping to the Hong Kong liaison office could be linked to U.S.-China trade dynamics and a deal involving CK Hutchison Holdings. China Cosco Shipping Corp. Ltd. has also shown interest in joining a consortium led by BlackRock Inc.
- CK Hutchison Holdings
- The article mentions CK Hutchison Holdings, a Hong Kong conglomerate founded by billionaire Li Ka-shing. There's market speculation that the appointment of Zhang Yong to Beijing's liaison office in Hong Kong might be related to a deal involving CK Hutchison, and also potentially to U.S.-China trade dynamics.
- BlackRock Inc.
- BlackRock Inc. is an asset-management giant. It has been reported that the state-owned shipping company China Cosco Shipping Corp. Ltd. has shown interest in joining a consortium led by BlackRock Inc.
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What Happened When
- September 2023：
- Zhang Yong began serving as executive vice president at China Cosco Shipping Corp. Ltd.
- By 2025：
- Qi Bin had held the post of deputy director at the central government’s liaison office in Hong Kong for just over a year.
- 2025：
- Zhang Yong transferred from Cosco Shipping to the Beijing liaison office in Hong Kong.
- December 31, 2025：
- An official update stated that Zhang Yong was appointed as a deputy director of the central government’s liaison office in Hong Kong, succeeding Qi Bin.
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