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Sovereign Wealth Funds Briefing - Categorized | People, Trends

Why does nobody want China’s top SWF job?

Posted on 29 May 2013

China’s $500 billion sovereign wealth fund is reportedly struggling to fill its head position due to the pressure of handling what the Chinese press are calling ‘the hot potato’.
Previous media reports had suggested Tu Guangshao, Shanghai’s vice-mayor and a man who has a strong background in securities management, had been cast as the shoe-in replacement for the outgoing chairman of the China Investment Corporation (CIC) Lou Jiwei. But it appears the former Bank of China and Shanghai Stock Exchange employee is now reluctant to take the top job………………………………………..Full Article: Source


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