Xu Minhua approved to serve as Deputy General Manager and Chief Compliance Officer of ICBC-AXA Asset Management

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On April 2, the Shanghai Regulatory Bureau of the National Financial Regulatory Administration issued an approval letter, approving the appointment qualifications of Xu Minhua as Deputy General Manager and Chief Compliance Officer of Industrial Bank Ansheng Asset Management Co., Ltd.

The approval letter requires that Industrial Bank Ansheng Asset Management should strictly comply with the regulatory provisions of the National Financial Regulatory Administration. Within 2 months from the date this administrative permission decision is issued, it shall require the above-approved personnel to assume their posts, and within 10 days after they assume their posts, it shall report to that bureau on the status of their assumption of the posts. If they do not assume their posts within the above-mentioned time limit, their appointment qualifications will be deemed invalid.

Industrial Bank Ansheng Asset Management shall urge the above-approved personnel to continue learning and master the laws and regulations related to economic and financial matters, firmly establish a risk and compliance awareness, familiarize themselves with the job responsibilities of the positions they hold, and faithfully and diligently perform their duties.

(National Financial Regulatory Administration)

(Editor: Qian Xiaorui)

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