Published: April 21st, 2022,
Last updated: April 21st, 2022
Tian Huiyu was removed from his position as chief executive officer of China Merchants Bank following rumors about corruption. He is to pursue other activities in the company for the time being. Chief Financial Officer Wang Liang will take over his position in the meantime. Rumors of the 56-year-old Tian’s involvement in shady dealings had caused the bank’s stock price to plummet at the beginning of the week.