Core Insights - Wu Bingqi, Vice President of China State Construction, has joined the management team of Overseas Chinese Town, pending formal notification from the State-owned Assets Supervision and Administration Commission [1] - Wu's absence from the mid-year performance meeting on August 29, 2023, marks his first absence since assuming the vice presidency in September 2023 [1] - Wu's career spans across China Resources Group, China Resources Land, and China State Construction, showcasing his strong capabilities in real estate and cultural tourism operations [1] - His appointment comes at a critical time as the current chairman, Zhang Zhenggao, is nearing retirement, potentially facilitating a key step in Overseas Chinese Town's transformation in the "cultural tourism + real estate" sector [1]