28.05.2013 - Power struggle in Beijing leaves CIC leaderless
Empty chair in sovereign wealth fund's corner office worries investment industry observers and casts shadow over economic reform plans. China's US$480 billion sovereign wealth fund may well have to wait a few more months before it gets its new chairman, thanks to a power struggle in Beijing. The chairman's office at China Investment Corp (CIC) has been empty for about three months since former chairman Lou Jiwei , who helped establish CIC in 2007, was promoted to become finance minister as part of the Communist Party's once-a-decade leadership transition earlier this year............................................Full Article: Source
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