Jilin Province Appoints Agricultural Bank of China Exec as Vice-governor

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The trend of appointing senior executives from state-owned banks to top regional political positions is continuing in China, with Jilin the latest province to follow suit.

On 17 October the government of Jilin province in north-eastern China approved the appointment of Cai Dong (蔡东), vice-president and executive director of Agricultural Bank of China (ABC), to the position of provincial vice-governor.

Cai was appointed to the position of ABC vice-president just six months ago on 12 April, when he was also named as a candidate for board membership. ABC announced Cai’s resignation from the position on 14 October.

51-year old Cai holds a mas­ter’s de­gree in eco­nom­ics from the Chi­nese Acad­emy of Fis­cal Sci­ences, and pre­vi­ously worked at Shan­dong Nor­mal Uni­ver­sity, be­fore as­sum­ing a suc­ces­sion of po­si­tions at In­dus­trial and Com­mer­cial Bank of China (ICBC), in­clud­ing vice-gen­eral man­ager of the ac­counts and set­tle­ment de­part­ment, vice-gen­eral man­ager of the elec­tronic bank­ing de­part­ment, and head of the Tian­jin branch. 

In July 2016 Cai was ap­pointed vice-pres­i­dent of pol­icy lender China De­vel­op­ment Bank, be­fore officially join­ing ABC in May of this year. 

Cai is the latest in a long list of senior executives from the banking and finance sectors in China to be appointed as provincial vice-governor.

A total of 16 province-level administrative entities in China have appointed vice-governors from financial backgrounds, including Tianjin, Jilin, Shandong, Jiangsu, Sichuan, Fujian, Liaoning, Shanxi, Guizhou and Hebei .

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