China’s indebted HNA Group has appointed its chairman’s son as president as part of business restructuring at the finance-to-aviation conglomerate, Chinese financial magazine Caixin reported on its website on Saturday. Chen Xiaofeng, son of HNA Chairman Chen Feng, has been appointed president of the group, replacing Zhang Ling, according to Caixin. HNA’s official website named Chen Xiaofeng as president, as well as a member of the board.
