China Banking Regulatory Commission
In December 2017, ING subscribed the capital increase of the bank, despite that the ownership ratio of the ordinary shares was still diluted from 13.6% to 13.0%. Before the capital increase, Beijing municipal government only owned 8.84% shares via Beijing State-owned Assets Management, as well as additional 5.08% via Beijing Energy Investment Holdings. However, it also caused a minor controversy in 2013, as Ren Zhiqiang (), an independent director of the bank, accused the State-owned Assets Supervision and Administration Commission (SASAC) of Beijing municipal government had influenced the election of the supervisory board () of the bank, which Qiang Xin (), the deputy of Beijing SASAC was elected as the chairwoman of the supervisory board (), replacing Shi Yuan (). Qiang also served as the Deputy Party Committee Secretary of the bank since 2010. Qiang was succeeded by Zeng Ying () in 2016; she was the deputy of Beijing Bureau of China Banking Regulatory Commission in 2011.