08.07.2013 - Ding Xuedong named new China Investment Corp chairman
The State Council has appointed its deputy secretary-general Ding Xuedong as the new chairman of China Investment Corp, the country's sovereign wealth fund, according to a statement on Friday. Ding, 53, will be filling the vacancy left by former CIC chairman Lou Jiwei, who was appointed finance minister in March. CIC's total assets rose to $482 billion in 2011, according to the latest update of the company's annual report...............................................Full Article: Source
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