Huawei has appointed chairman Liang Hua as acting chief financial officer following the arrest on US sanctions-busting charges of Meng Wanzhou in Canada.
Mr Liang, who joined the Chinese telecoms group in 1995, previously served as CFO as well as chairing the audit committee and the supervisory board.
The arrest of Ms Meng, who now faces extradition to the US, sent markets reeling and sparked concerns of broader geopolitical fallout just as the world’s two most powerful countries had agreed a temporary ceasefire on the tariffs war.
China has accused US and Canadian authorities of violating Ms Meng’s human rights and in an editorial penned in the official China Daily said the US was simply trying to contain Huawei because it feared the group’s technological prowess.
“Security concerns are the reason given, but no evidence of this has been forthcoming while the pressure from the US is writ large,” the editorial said. “What propels Washington’s animosity against China is its pertinacious Cold War mentality, with which it continually distorts the reality of international relations.”
https://www.ft.com/content/730dba70-f9ed-11e8-af46-2022a0b02a6c