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Sovereign Wealth Funds Briefing - Categorized | People

CIC: Sovereign fund chiefs not created equal

Posted on 09 July 2013

China Investment Corporation finally has a new boss. But compared to most companies, a change of the top at a sovereign wealth fund doesn’t always mean a change of tack. A sovereign fund’s proximity to the government and its investment approach are critical when it comes to determining the importance, or relative unimportance, of who sits at the top.
Ding Xuedong, a career bureaucrat, may be relatively unknown in global financial circles. That needn’t matter. His predecessor Lou Jiwei, who was promoted to finance minister in March, also lacked experience when he took charge of CIC when it was established in 2007………………………………………..Full Article: Source


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