Cosco's Wei Refocuses On The Big Picture

摘要

Internationally-feted Chinese industrialist Jiafu Wei last week stepped down as chairman of another Cosco subsidiary. He waved goodbye to Cosco Pacific, the Hong Kong-listed branch that invests in ports.rnEarlier this month he left Cosco International Holdings and Cosco Corp, listed in Hong Kong and Singapore respectively. In each case, the reason for his departure was said to be his need to spend more time as leader ofrnthe two giants of the Cosco family, China Cosco Holdings, listed in Shanghai and Hong Kong, and state-owned Cosco Group. The shift of focus follows the transfer of major shipping assets from the state-owned parent to the Shanghai-listed company at the end of last year.