Charles Cheung - who until today covered red chip conglomerates at Salomon Smith Barney - has been promoted to the newly created position of head of China research. His new role will be to co-ordinate Salomon's research on Chinese equity and work closely with the firm's China economist Yiping Huang to accelerate the growth of Salomon's China franchise.

Cheung joined Salomon Smith Barney in 1998 from Jardine Fleming where he was an associate director - also covering red chips.

"With the current WTO discussions under way, China will play an increasingly critical role in the Asian story that is unfolding now," says Otto Wong, head of Asia Pacific regional research at Salomon Smith Barney in Hong Kong. "And we believe this addition to our range of research product is a major enhancement for our global client base, both investors and corporates."