Hu Zhizheng, the granddaughter of Hu Yaobang, former general secretary of the Communist Party of China, has been the vice chairman of UBS Securities.

Comprehensive Securities Times and Surging News reports, Hu Zhizheng, the chairman of the former Creditic Securities (China), has joined the UBS Securities Co., Ltd., with the approval of the company's shareholders' meeting and the board of directors.) He served as the vice chairman of UBS Securities.

Last month, UBS announced that it had reached a three -party agreement with Founder Securities and Beijing State -owned Assets Management Co., Ltd. for sale of 85.01%of the equity of Creditkin Securities.

Public information shows that Hu Zhizheng graduated from Cambridge University. She has 28 years of financial experience in the financial industry.Chairman, CEO of Creditver China, Chairman of Creditses Securities (China) Co., Ltd. and chairman.

Hu Zhizheng is the granddaughter of Hu Yaobang, former general secretary of the Communist Party of China. Her father, Hu Deping, was the deputy minister of the United Front Work Department of the Central Committee of the Communist Party of China, and the party secretary and vice chairman of the National Federation of Industry and Commerce.