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Sovereign Wealth Funds Briefing - Categorized | People

China Investment Corp picks new leader

Posted on 14 May 2013

A new leader has been chosen for the China Investment Corporation (CIC), nearly two months after former chairman Lou Jiwei departed to be the nation’s finance minister, according to the South China Morning Post.
Tu Guangshao, the executive vice-mayor of Shanghai, is expected to be named as chairman of China’s $500 billion sovereign wealth fund in the near future. The 54-year-old is a member of the Communist Party of China’s standing committee, according to his biography on the Shanghai mayor’s office website………………………………………..Full Article: Source


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