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Sovereign Wealth Funds Briefing - Categorized | People

The CIC hot potato

Posted on 14 June 2013

China’s leaders are anxious to find a new chairman for China Investment Corporation (CIC), the country’s $500 billion sovereign wealth fund. The former head, Lou Jiwei , left the fund after he was appointed as the country’s new finance minister back in March. Since Lou’s departure, there’s been no official announcement of who is going to take his place over at CIC.
“I guess in the end it will still be Tu Guangshao, the deputy mayor of Shanghai,” a person close to CIC’s senior management told the EO on May 29 with a tone of exasperation in his voice………………………………………..Full Article: Source


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