Exclusive: Agricultural Bank of China to Get New Head

Agricultural Bank of China Ltd., one of China’s “Big Five” state-owned commercial banks, will likely have a new president after the position was left open for a year, Caixin has learned.

At an internal meeting on Monday, Zhang Qingsong was appointed as a deputy secretary of Agricultural Bank’s Communist Party committee, the sources said. He is likely to become president of the Hong Kong- and Shanghai-listed bank upon approval from its board and financial regulators, according to sources with knowledge of the matter.