China Names Minmetals’ Xu Siwei as Vice President at Sinosteel

China’s state-owned asset regulator named Xu Siwei as vice president of Sinosteel Corp., replacing Zhang Hanguang. Xu, who was also appointed to the position of the Communist Party’s top representative in the company, was previously vice president of China Minmetals Corp.

Xu was appointed yesterday by the State-owned Assets Supervision and Administration Commission during a meeting of Sinosteel executives, the company said today on its website. The statement didn’t say why Zhang was replaced.