China Names Ex-Chalco Chairman to Lead State Assets Regulator

  • Xiao Yaqing becomes SASAC chairman amid industry overhaul
  • Oversaw record $14 billion Rio Tinto investment in 2009

A former aluminum executive who oversaw China’s biggest mining acquisition was named head of the country’s state-owned assets regulator as Beijing overhauls its bloated industrial sector.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.