Two Chinese ship leasing operations are set to name new managing directors after China’s Spring Festival holidays.

Both China Merchants Group Financial Leasing (CMG) and China Minsheng International Financial Leasing (CMI) have big-name backers and big spending ambitions for this year — but no managing directors.

CMG is a sister company separate from the well-established CMB Financial Leasing, while CMI, the “other Minsheng”, is part of China Minsheng Investment, founded by a breakaway former director of privately controlled Minsheng Financial Leasing (MFL), from whom many of the new CMI’s top staff have been poached.

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