Levin Zhu Says He’s Taking a Break After Stepping Down at CICC

Levin Zhu, the son of a former Chinese premier, said he’s taking a break now that he’s stepped down as chief executive officer of China International Capital Corp. and didn’t say what he’ll do next.

“There is no reason to pay attention anymore, and it’s better not to pay attention,” Zhu said when asked what his next move will be. He didn’t reply when asked if he was done with investment banking for good.

Zhu, who wrested control of the nation’s first Sino-foreign investment bank from Morgan Stanley 14 years ago, left CICC last month to seek other opportunities, according to an internal memo obtained by Bloomberg News at the time. Lin Shoukang, a managing director of the firm, will act as CEO while the board searches for a replacement.

Zhu spoke on the sidelines of the China-Singapore Dialogue 2014 in Beijing, which was being held in tandem with a summit of the Asia-Pacific Economic Cooperation forum.

His father, Zhu Rongji, stepped down as premier in 2003 at the age of 74. The elder Zhu shaped the nation’s economic policies for almost two decades.

— With assistance by Aipeng Soo

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