3i, the private equity firm, has appointed three business leaders to its newly formed China Advisory Board at 3i China, which will formulate strategy to grow Chinese companies. They will also work to identify investment opportunities in the consumer, business services and industrials sectors. They are; Frank Ning, chairman of food conglomerate China National Cereals, Oils and Foodstuffs Corporation; Dr Bing Xiang, founding dean of Cheung Kong Graduate School of Business; and Michael Wu, chief executive and director of Tradelink Electronic Commerce, formerly of the Shanghai Stock Exchange and the Chinese Securities Regulatory Commission.