China Merchants Securities Asset Management Chairman Zhang Liangyong Steps Down; Liu Rui Takes Over

China Merchants Securities Asset Management Co. said on September 2 that Chairman Zhang Liangyong has stepped down due to a job transfer, and Liu Rui will concurrently serve as chairman, according to Jiemian News. Liu is currently vice president of China Merchants Securities Co. and a director of China Merchants Zhiyuan Capital Investment Co.; he previously served as assistant to the president of China Merchants Securities.