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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, People

China wealth fund appoints ICBC executive to key post

Posted on 28 May 2013

China’s massive sovereign wealth-fund named a longtime senior executive at China’s largest bank as the head of its supervisory board, in the latest reshuffling of China’s key government and corporate posts.
China Investment Corp. said on Monday that Chinese leaders had appointed Li Xiaopeng, a vice president at Industrial & Commercial Bank of China Ltd., as head of the board, which is responsible for monitoring the behavior of the fund’s directors and executives. The CIC appointment announced on Monday was made by the State Council, China’s cabinet……………………………………..Full Article: Source


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