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People & Points
Print Edition> People & Points
UPDATED: January 7, 2011 NO. 2 JANUARY 13, 2011

UNBA's New Chairman

Liu Jiayi (XINHUA)

Liu Jiayi, Auditor General of National Audit Office of the People's Republic of China (CNAO), has taken up a position as chairman of the United Nations Board of Auditors (UNBA). Liu will hold the position for a two-year term from January 1, 2011.

Born in August 1956, Liu graduated from Southwestern University of Finance and Economics with a Ph.D. degree in economics. Liu was the deputy auditor general of CNAO from September of 1996 until March of 2008, when he was appointed auditor general of CNAO.

Following Liu's appointment as UNBA chairman, CNAO will coordinate the auditing of more than 20 UN organizations. CNAO will promote a more transparent, efficient and open financial system at the UN and contribute to its development in sustaining world peace and justice.

The UN General Assembly established the UNBA in December 1946, with the purpose of auditing the accounts of UN organizations, funds and programs and reporting its findings and recommendations to the Assembly. The UNBA has three members, and the chairmanship is rotated every two years. The chair is currently held by Terence Nombembe, Auditor General of the Republic of South Africa. Liu took up a position as UNBA member in July 1, 2008, for a six-year term.

CITIC's New Bosses

Chang Zhenming (CFP)

Tian Guoli (CFP)

Chang Zhenming, former Vice-Chairman and President of CITIC Group (formerly China International Trust and Investment Corporation), has succeeded Kong Dan, who retired after 10 years in CITIC Group, as the group's chairman and Party secretary. Tian Guoli has been appointed vice-chairman, president and vice Party secretary of CITIC.

Chang, 54, holds an MBA from the College of Insurance in New York. He started working for CITIC Group in 1983 and became its vice president in 2003, and president and vice-chairman in 2006. He was president of the China Construction Bank (CCB) from 2004 to 2006.

Tian, 50, was the assistant to the president of the CCB from 1997 to 1999. He began working in China Cinda Asset Management Corporation in 1999 and was its chairman from 2004 to 2010.

The CITIC Group was established in 1979. It has attracted and utilized foreign capital, introduced advanced technologies, and adopted advanced and scientific international practices in operation and management since its start. The company has grown into a large transnational conglomerate.

Corrupt Official Executed

Zeng Jinchun (CFP)

Zeng Jinchun, former Secretary of the Chenzhou Municipal Commission for Discipline Inspection of the Communist Party of China (CPC) and Vice Secretary of the CPC Chenzhou Municipal Committee, was executed by shooting on December 30, 2010, after being convicted on multiple criminal counts.

Zeng was found guilty of taking more than 31 million yuan ($4.6 million) in bribes alone or along with others from the second half of 1997 to September 2006. In return, he handed out mining contracts and work promotions. Zeng had assets worth around 9.5 million yuan ($1.4 million) which he couldn't account for.

He was sentenced to death in November 2008. The Hunan Provincial Higher People's Court rejected an appeal in July 2009.

"I remind the North that the path to peace is still open. The door for dialogue is still open."

South Korean President Lee Myung Bak, delivering a message of openness to talks with North Korea in his New Year's speech. Meanwhile, Lee also indicated a more stern military position

"No confidence motion is their (opponents') right. It is their democratic right and they can exercise it."

Pakistani Prime Minister Syed Yusuf Raza Gilani, saying he is not worried about any no confidence vote against him on January 3. The Prime Minister is struggling to save his government after a key coalition partner joined the opposition

"History will be the final judge of my administration's record. But I leave office proud of what we have accomplished."

Governor of California Arnold Schwarzenegger, defending himself in his final weekly address on January 3 before leaving office

"We believe that serious negotiations must be at the heart of any strategy for dealing with North Korea and we look forward to being able to launch those at a reasonably early time."

U.S. envoy for North Korea policy Stephen Bosworth, addressing reporters on arrival in South Korea on January 4

"We will buy more (Spanish government bonds) depending on market conditions."

Chinese Vice Premier Li Keqiang, expressing China's confidence in Spain's financial markets during his visit to Spain

"The representatives of some European Union countries, NAM [Non-Aligned Movement], and some representatives of the five-plus-one [world powers] have been invited to visit our nuclear sites."

Iran Foreign Ministry spokesman Ramin Mehmanparast, saying Iran has invited foreign diplomats to tour its nuclear facilities, ahead of fresh talks with key world powers over its controversial nuclear program

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