Comments 
Print 
Mail 
Large Medium SmallBEIJING - China Investment Corporation (CIC), the country's sovereign wealth fund, announced on Friday that Ding Xuedong will serve as its new chairman and chief executive officer (CEO).
Prior to this appointment, Ding, 53, served as vice finance minister and deputy secretary general of the State Council.
The announcement came after more than three months of speculation regarding the chairmanship vacancy. The fund's former chairman and CEO, Lou Jiwei, was named finance minister during a government reshuffle in March.
Analysts believe the new boss's key task will lie in bringing more returns to the country's forex reserve assets.
CIC, founded in 2007, currently has assets totalling around $500 billion, including an overseas investment portfolio of $200 billion.
World's strongmen compete for strongest
Li holds welcoming ceremony for Pakistani PM
Chinese fleet arrives in Vladivostok for drills
Beijing sees spectacular sunset after rain
Kill or cure: Vaccines in China
Animals stay cool in summer heat
Mature couples relive their wedding day
Beijing enjoys clear sky after brief thunderstormCopyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
