| China Investment Corporation (CIC), a sovereign wealth fund charged with managing a portion of the country's foreign exchange reserves, named Ding Xuedong as its new chairman in an announcement posted Friday, an appointment which ends the position's four-month vacancy.
Ding, 53, has served in the past as China's vice finance minister as well as vice secretary general of the State Council. Yet, despite his experience with these central bodies, some observers have highlighted his lack of professional exposure to the overseas financial market as a potential liability...............................................Full Article: Source
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