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Sovereign Wealth Funds Briefing - Categorized | People

New CIC head likely to stay the course

Posted on 10 July 2013

China Investment Corporation (CIC) 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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