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 | Bank of China chairman resigns  | |
MENAFN - AFP
- 17/03/2013
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(MENAFN - AFP) Bank of China chairman Xiao Gang resigned from his post after he was chosen to head China's top securities regulator, reports said late Sunday.Xiao was named the head of the China Securities Regulatory Commission, the country's securities regulator, according to Xinhua, citing the Shanghai Securities News and other financial reports.Bank of China, one of China's "Big Four" lenders, said Xiao resigned "due to the needs of national financial work," in a filing to the Hong Kong stock exchange, without further explanation.The bank said Xiao, who also is the chairman of its Hong Kong subsidiary, Bank of China Hong Kong, had no disagreements with its board of directors and the resignation had immediate effect.The bank expressed "sincere gratitude and high praise" to Xiao for his "excellent contribution to the bank's development during his term of office", without naming a successor.The world's most populous country completed its once-in-a-decade power transition Sunday after a parliament meeting named Xi Jinping as its head of state and Li Keqiang as premier.
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MENA News Headlines
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 | May 25 2013 | Belgium to be rapped by EU over budget ,AFP | |
(MENAFN - AFP) The European Commission is set to rap Belgium this week for failing to do enough to trim its budget deficit but is unlikely to go as far as imposing a fine, according to a press ... |
| | May 25 2013 | Japan PM vows 'all possible' help for Myanmar economy ,AFP | |
(MENAFN - AFP) Japan's premier on Saturday pledged "all possible assistance" to kick-start Myanmar's ailing economy, hailing a major industrial zone near Yangon as a symbol of development for the ... |
| | May 25 2013 | Jet Airways' shareholders Okay 24%-stake sale to Etihad ,MENAFN | | (MENAFN) Jet Airways announced that its shareholders okayed the 24-percent stake sale to Etihad Airways, reported Arabian Business.
Last month, the Abu Dhabi-based carrier announced that it will ... |
| | May 25 2013 | Muscat hotels report 15% jump in Jan-Apr RevPAR ,MENAFN | | (MENAFN) STR Global announced that during the January-April period, hotels in the Omani capital posted a growth of over 15 percent in revenue per available room (RevPAR), reported Arabian ... |
| | May 25 2013 | Marriott's ME, Africa Q1 RevPAR rises 11% ,MENAFN | | (MENAFN) Marriott International, Middle East and Africa, president and managing director, Alex Kyriakidis, stated that the hotel operator's revenue per available room (RevPAR) during the first ... |
| | May 25 2013 | Artists seek global audience at Hong Kong's Art Basel ,AFP | |
(MENAFN - AFP) Having taken five Volkswagen Beetles and compressed them into spheres, artist Ichwan Noor was always going to grab attention at the inaugural Hong Kong Art Basel.
Noor is known in ... |
| | May 25 2013 | Fitch expects Qatar's 2013 GDP to reach 7% ,MENAFN | | (MENAFN) Fitch Ratings stated that in 2013, Qatar's gross domestic product (GDP) is projected to stand at 7 percent, reported Arabian Business.
The agency said that during the period, Qatari banks ... |
| | May 25 2013 | World Bank Grants US $55 Million For Palestinian Development ,Qatar News Agency | | (MENAFN - Qatar News Agency) The World Bank Board of Executive Directors has advised its Board of Governors to authorize the US $55 million replenishment of the West Bank and Gaza Trust Fund. This ... |
| | May 25 2013 | Giant leaps for GCC within economic integration -- experts ,Kuwait News Agency (KUNA) | | (MENAFN - Kuwait News Agency (KUNA)) The GCC achieved giant leaps within the economic integration domain, leading to the increase of capital and commercial exchange, said a number of Bahraini ... |
| | May 25 2013 | Education key to Arab youth empowerment - report ,Kuwait News Agency (KUNA) | | (MENAFN - Kuwait News Agency (KUNA)) The high ambitions and aspirations of Arab youth, who make up the majority of Arab populations, require access to a high quality education to be materialized, a ... |
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