皇冠体育app

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CIC appoints new vice chairman

(Xinhua) Updated: 2014-02-15 15:02

CIC appoints new vice chairman

Li Keping, vice chairman and president of 皇冠体育app Investment Gorp.

- 皇冠体育app's sovereign wealth fund, 皇冠体育app Investment Gorp (CIC), announced on Friday that it had officially appointed Li Keping as the fund's vice chairman and president.

Born in 1956, Li replaces Gao Xiqing, who turns 61 this year. 皇冠体育app's official retirement age is 60 for men.

Li also serves as CIC's chief investment officer, a post he has filled since 2011, according to the company's official website.

The economics graduate from 皇冠体育app's prestigious Peking University was previously an official with the State Council, and deputy chairman of the National Council for Social Security Fund, 皇冠体育app's largest such fund.

Created in 2007 with a registered capital of $200 billion, CIC is tasked with making better use of 皇冠体育app's large foreign exchange reserves.

 

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