CHINA

Bank of China Names New Team: The bank appointed a new president and chairman last week in apparent preparation for major economic reforms in 1994. Wang Deyan, 63, who formerly held both posts, is retiring after a tenure of 8 1/2 years, the official Xinhua news agency said. The new president is Wang Xuebing, 41, most recently vice general manager of China Everbright Group Co., who worked 17 years in the Bank of China, including five as director of its New York branch. The new chairman is Wang Qiren, 52, worked for the People’s Bank of China for 20 years.