SOE Watchdog Chiefs

LI RONGRONG (LIU JIE)	WANG YONG (CFP)

Li Rongrong retired as minister of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) on August 24. His successor, Wang Yong, is former minister of the State Administration of Quality Supervision, Inspection and Quarantine.

Li, 66, is already a year older than the mandatory retirement age for ministerial-level officials. He had held the position of SASAC minister since the watchdog of China's largest state-owned enterprises (SOEs) was established in 2003. Before that, he had been minister of the State Economic and Trade Commission since 2001. During his tenure at SASAC, Li actively promoted the market-oriented reform of SOEs to increase their competitive edge in the international market. Through mergers and closures, the number of SOEs under SASAC fell from 196 in 2003 to 123 in 2009.

Wang, 55, was vice minister of SASAC between 2003 and 2005 before assuming the post of deputy secretary general of the State Council, China's cabinet. In September 2008, he was appointed as minister of the State Administration of Quality Supervision, Inspection and Quarantine.

Oil Producer's Helmsmen

(CFP)	(CFP)

Fu Chengyu would hand over his role as CEO of CNOOC Ltd. to Yang Hua on September 16, said the company, China's largest offshore oil and gas producer. Fu will remain as chairman of the company.

Fu, 59, has served as chairman and CEO of CNOOC since 2003. He is also general manager of CNOOC's parent company, China National Offshore Oil Corp. Since he took over the company, CNOOC's oil output has risen 38 percent. Total assets and sales revenues for each have more than tripled.

Despite CNOOC's failed bid for U.S. oil producer Unocal in 2005, the company has undergone fast overseas expansion under Fu's reign. It acquired a 50-percent stake in Argentina's Bridas for $3.1 billion in March this year.

The 49-year-old Yang joined China National Offshore Oil Corp. in 1982. He had overseen the company's overseas operations for several years and played an important role in CNOOC's stock offering in 2001. Yang was named CFO of CNOOC in 2005 and became its president in 2009. On May 18, he was named vice general manager of the parent company.

CNOOC has chosen Li Fanrong, an assistant president, to succeed Yang as company president.

Literary Bridgebuilder

(CNS)

Chen Yingzhen, a distinguished writer from Taiwan, has been named honorary vice chairman of the Chinese Writers' Association (CWA).

Chen joined CWA in June, along with two other Taiwan writers, Zhu Xiujuan and Mo Naneng. They are the first Taiwanese to be admitted as members of the mainland-based association since 1949.

Chen, 73, is considered one of Taiwan's greatest authors. He started publishing short stories in 1959 and has published more than 10 collections of short stories. The 15-volume Collected Works of Chen Yingzhen hit bookstores in 1988.

In the early years of his literary career Chen mainly depicted the fate of intellectuals. Since the late 1970s, he has focused on the economic and cultural impact of multinationals on developing countries.