China International Capital Corp’s CEO, Zhu Rongji and chairman, Jin Liqun resigned within a day of each other. The resignation of two of the company’s top executives has underscored the declining fortunes of the country’s first investment bank. Though CICC rose to fame by aiding the country’s biggest state-owned enterprises onto the stock exchanges in Shanghai and Hong Kong, it has since been left behind by younger, more adaptable corporations. Zhu had been at CICC for 16 years, though Jin only joined the company in June last year.
