01.07.2013 - Meet the likely new boss of Chinaís $500 bln sovereign wealth fund
After three months of searching, China may have finally suckered someone into running its $500 billion sovereign wealth fund. As weíve reported before, the position isnít a coveted one thanks to some potentially disastrous investments. According to reports, officials are expected to name Ding Xuedong, currently deputy secretary general of the State Council, to lead China Investment Corp (CIC). Reuters reports that the announcement was already made this afternoon within the fund. How Ding got roped into a post that other candidates have squirmed out of (paywall) isnít clear. Ding, 53, hails from Changzhou city, in the southern province of Jiangsu. A Phd in economics, heís been a party member since the 1980s.......................................Full Article: Source