Citic Group Mr Chang chairman of the year-end change of handsome

Yesterday (December 29), Citic Group official website announced the appointment and dismissal decision, Mr Chang as chairman of the Group, party secretary, Tian as vice chairman, General Manager, Deputy Secretary of the Committee. Mr Chang previously served as general manager of Citic Group, while Tian State was chairman of Xinda Asset Management company.　　Meanwhile, Citic is no longer chairman of Citic Group for age reasons. Changtian two people in the financial circle is very good, Mr Chang with Citic Helm Citic Group, and in Hong Kong Citic Pacific Rich derivative losses, the successor to Mr Yung as chairman, successfully led Citic Pacific out of the crisis. And the Tian state in the letter Tatsu Asset Management company's work also commendable, its rate of fidelity to become four AMC ("Asset Management Company") first set up a joint-stock companies, and may be the first way to complete AMC reform through listing.　　The analysis points out that Chang Tian two people need to continue to promote the reform of Citic Group, and promote the overall listing of the group.　　Public information shows that Citic Group 2009-year total assets reached 2.1538 trillion yuan, net assets reached 135 billion yuan, to achieve operating income of 209.1 billion yuan, total profit of 35.4 billion yuan, net profit of nearly 19 billion yuan, compared to the previous year more than 30% growth. Since Citic Group is a major shareholder of Citic Bank, Mr Chang is likely to succeed Citic as chairman of Citic Bank, but as of press time, CITIC Bank has not issued relevant announcements.