Chang Zhenming

Chang Zhenming (born October 1956) is a prominent businessman from Beijing, China. He has served as Chairman of CITIC Group, Chairman and Managing Director of CITIC Pacific, and Party Secretary of CITIC Securities.

Biography

Chang Zhenming's father, Chang Tong, was a professor at Tsinghua University. During the early years of the Cultural Revolution, Chang was out of school and stayed home, where he developed an interest in the game of Go under the guidance of Yu Changmin, a student of his father. He later became a student of renowned Go player Guo Tisheng and significantly improved his skills. In 1971, Chang was selected to join the Beijing Go Team, becoming teammates with top players such as Nie Weiping. In 1975, he entered China's national Go team. In 1979, at the first Xin Ti Yu Cup Go Tournament, Chang placed third behind Nie Weiping and Chen Zude, and was later ranked as a 7-dan professional player in 1982.

In 1979, Chang enrolled at Beijing International Studies University, majoring in Japanese. After graduating in 1983, he joined CITIC as Deputy Manager of the Banking Department. In 1984, he went to Japan for further studies at Daiwa Securities. In 1987, he returned to China and was appointed Deputy Manager of the Funds Department of CITIC Industrial Bank.

In December 1989, he was assigned to CITIC's New York Representative Office as Deputy Representative and pursued an MBA at the College of Insurance in New York (this college merged into St. John's University in 2001).

In October 1992, Chang was promoted to Assistant to the President of CITIC Industrial Bank, and in September 1993, he became Vice President. In 2002, he was promoted to Executive Director and Deputy General Manager of CITIC Group.

In September 2004, he was appointed President of China Construction Bank. In July 2006, he became Vice Chairman and General Manager of CITIC Group. On April 8, 2009, Chang succeeded Rong Zhijian as Chairman and Managing Director of CITIC Pacific after Rong's resignation over significant losses from foreign currency investments.

In December 2010, Chang replaced Kong Dan as Chairman and Party Secretary of CITIC Group. In June 2016, he resigned as Chairman of CITIC Bank.

In January 2018, Chang was elected as a member of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC).

References

• "Tsinghua Go Chronicles: Yu Changmin," Weiqi Tiandi Magazine, 2006, Issues 22–23
• "CITIC Veteran Wang Jun Retires, Kong Dan and Chang Zhenming Take Over," Dongfang Zaobao, July 28, 2006
• "Beijing International Studies University Alumni: Chang Zhenming's Unforgettable Alma Mater"
• "Weiqi Tiandi: A Bank President Talks About Go"
• "Chang Zhenming Takes Charge: I Must Turn CITIC Pacific Around," First Financial Daily, April 9, 2009
• "CPC and State Council Adjust Senior Leadership at CITIC Group"