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Sovereign Wealth Funds Briefing - Categorized | People

CIC investment head said to join RDIF as CEO

Posted on 19 February 2013

SinoCast Daily Business Beat via COMTEX) –Hu Bing, head of the investment division of China Investment Corporation (CIC), will join the Russian Direct Investment Fund (RDIF) as chief executive officer (CEO), disclosed people in the know.
CIC, on the other hand, has yet to make a comment on the rumored appointment. RDIF, in which CIC invested USD 1 bn, plans to inject not less than 70% of its capital into projects in Russia and the CIS countries and not more than 30% into Russia-related projects in China……………………………………….Full Article: Source

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