China's forex chief takes helm of CCB

China's foreign exchange chief Guo Shuqing was elected chairman of board of directors of the China Construction Bank Corporation (CCB) at a meeting held by the bank Friday.

Guo, director of the State Administration of Foreign Exchange (SAFE) and vice-governor of the central bank, had been appointed as the CCB's Communist Party chief following last week's resignation of former chairman Zhang Enzhao for "personal reasons."

Guo Shuqing said he will certainly not let down the expectations of the state, shareholders, clients and staff of the bank. He will work closely with the whole bank and make efforts to continuously push forward the bank's reform and development, and build the CCB into a modern commercial bank with international competitive edge.