Biz people of August

Veteran banker Bei said to leave CICC

Bei Duoguang, a veteran banker at China International Capital Corp (CICC), Morgan Stanley's China venture, will soon leave the country's biggest investment bank after over 12 years, two people with knowledge of the situation said on August 6.

It was not clear why Bei was leaving or where he was heading, the sources said, but the departure comes after his short-lived, unsuccessful presidency at Golden Partners Capital, CICC's private equity venture with government-owned Shanghai International Group (SIG).

Last month, Beijing-based CICC lost its chief economist Ha Jiming, who joined Goldman Sachs as China managing director of investment banking.

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