(Beijing Comprehensive News) Hu Zhizheng, the granddaughter of Hu Yaobang, the late general secretary of the Chinese Communist Party, Hu Yaobang, and former chairman of Creditkin Securities, as the vice chairman of UBS Securities.

Comprehensive China Securities Times and the Finance News Agency reported that with the approval of the shareholders' meeting and the board of directors, the above -mentioned personnel changes came into effect from Thursday (July 11).

Public information shows that Hu Zhizheng has 28 years of experience in the financial industry.She has served in Creditver for more than 20 years, and has served as the director of the business of China Investment Bank, CEO of Creditkin China, and chairman of Creditver Credit.

UBS Securities said that while Hu Zhizheng served as CEO of Creditkin China, he was responsible for leading and managing the development strategy and business layout of Creditses in China, and was committed to enhancing the influence of Creditses in China.For more than a year, she has participated in the integration of UBS China.

UBS Securities is the first joint venture securities company in China that is controlled by foreign -funded and has a full license. It is currently holding 67%of Swiss Banking Co., Ltd. and 33%of Beijing State -owned Assets Management Co., Ltd.

After the "Thunder" of Creditkin Group last year, UBS Group completed the acquisition of Creditses this year.However, due to the "One Ginseng and One Control" of the China Securities Regulatory Commission, the UBS group that controlled Credit Securities and UBS securities must abandon one.

Last month, Credit Suisse Securities announced that it would transfer 85.01%of its equity to shareholders Beijing State -owned Assets, allowing UBS Group to further achieve its wholly -owned UBS Securities.