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Sovereign Wealth Funds Briefing - Categorized | People

CIC appoints Ding Xuedong as new chairman of sovereign wealth fund

Posted on 01 July 2013

China’s $500 billion sovereign wealth fund China Investment Corp (CIC) CIC.UL has appointed cabinet official Ding Xuedong as its new chairman, two sources said on Friday, ending a three-month search. The appointment of Ding, a vice secretary general of China’s cabinet and a former vice finance minister, was announced within the fund on Friday, a source with knowledge of the situation said.
“It was announced this afternoon at CIC by the organization department,” the source said, referring to the China Organisation Department, which oversees appointments of senior party, government, military and state-owned enterprise officials…………………………………Full Article: Source


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