Levin Zhu, the son of former Premier Zhu Rongji, has resigned as chief executive of the first Sino-foreign joint venture investment bank in a surprise move likely to slow down the company's IPO process.
Born on October 1, 1928 in Changsha, Hunan, Zhu Rongji mayor and party chief in Shanghai between 1987 and 1991, before becoming vice premier and then the fifth premier of the People's Republic of China. He held that position between March 1998 and March 2003. He is known for taking a tough stance against corruption in the government and pushing difficult reforms of the state sector.
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