The board of directors of Industrial And Commercial Bank Of China Limited (ICBC) has passed a resolution nominating Liu Fang as a candidate for the position of non-executive director, according to a recent announcement.

The proposal, which was approved during a board meeting, is now pending review and approval by the bank's shareholders.

Liu Fang's appointment will become effective once it is ratified by the shareholders' meeting and formally announced.

Candidate's Professional Background

Liu Fang, female and a Chinese national, was born in 1973. Her career includes a tenure at Central Huijin Investment Ltd., which she joined in 2021.

Since January 2021, she has served as a non-executive director at China Construction Bank Corporation.

From July 2019 to February 2021, she held the position of Deputy Director-General (with the rank of Level-II Inspector) in the Comprehensive Department (Policy and Regulation Department) of the State Administration of Foreign Exchange (SAFE).

Her role at SAFE's Comprehensive Department (Policy and Regulation Department) as Deputy Director-General spanned from March 2015 to June 2019.

Her earlier career at SAFE, from July 1999 to February 2015, involved progressively senior roles including Section Chief and Division Chief within the International Payments Department, and later Division Chief and Department Director within the Comprehensive Department (Policy and Regulation Department).

Liu Fang is an alumnus of Renmin University of China, where she earned a Master of Economics degree in World Economy from the Department of International Economics.