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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Challenges deter taking helm at CIC

Posted on 03 June 2013

Controversial overseas investments with a low yield and a lack of clear objectives are said to be deterring potential candidates from heading China’s sovereign wealth fund, Xinhua reported.
The top post at China Investment Corporation has been left vacant since March when former head Lou Jiwei became finance minister. Candidates rumored to succeed Lou include Chongqing mayor Huang Qifan and Shanghai deputy mayor Tu Guangshao among others. But several reportedly have refused to take up the post………………………………………..Full Article: Source


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