Ｈｅ Ｔａｏ Ｂｅｃａｍｅ ｔｈｅ Ｐｒｅｓｉｄｅｎｔ ｏｆ Ｂａｉｌｉａｎ Ｇｒｏｕｐ

A great change happened to the state-owned enterprises personnel in Shanghai in August. Former President of Shanghai Guosheng Corporation He Tao became the President of Shanghai Bailian Group.

He Tao, who was once the President of Shanghai Liangyou Group, took charge of Guosheng Group in November 2007 when it was established. It is said that his position in Guosheng will be temporarily taken by Vice President Lin Yibin.

Bailian Group was founded in April 2003, consisting of the four state-owned enterprises Shanghai Yibai Group, Hualian Group, Friendship Group and Material Group. It is the largest domestic retail and logistics company in China.

The change in Hes position may trigger a chain reaction. A series of questions arose: who will finally replace him as the President of Guosheng Group and where will the former President of Bailian Group Lv Yongming go?

Shanghai Guosheng Group is specialized in investment. When it was initially established, it was positioned as the platform for the investments in comprehensive industries. However, the purpose was not fully realized. Guosheng Group can only play a role in financing and promoting the flow of national capital for Shanghai.