China Sovereign Wealth Fund Reshuffles Execs, Reigniting Mega-Merger Speculation

A wave of executive reshuffles at state-owned financial institutions controlled by Central Huijin Investment Ltd., the domestic arm of China’s sovereign wealth fund, has reignited market speculation about a long-anticipated consolidation of China’s state-backed financial assets.

Huang Hao recently resigned as general manager of Shenwan Hongyuan Group Co. Ltd. to become chief expert at China Galaxy Financial Holdings Co. Ltd., sources with knowledge of the matter told Caixin.