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Bank of China's chairman Xiao Gang resigns

(Xinhua)

08:26, March 18, 2013

BEIJING, March 17 (Xinhua) -- Xiao Gang, chairman of Bank of China, resigned on Sunday, said a statement on the lender's website.

"Due to the necessity of the country's financial work," Xiao had handed in his resignation which turned effective on Sunday, the statement said.

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