Yang Kaisheng, male, Han nationality, is a native of Hubei province. He was born in 1949, and received a doctorate from Wuhan University. He is a member of the academic committee of the Finance and Securities Research Institute of People's University, and a standing member of the Council of Investment Consultants of the Economics Reference Daily.
The China Huarong Asset Management Corporation is a 100% state-owned financial enterprise with an independent legal structure. The main scope of the Corporation covers the purchase, management, and disposal of assets transferred from the Industrial and Commercial Bank of China. The operational objective of the Corporation aims at taking advantage of the special legal status given by the state government to preserve the assets and to minimize the losses that are incurred. Yang became its president in 1999.