Wealth fund head to become chairman of CICC
By Wu Yiyao in Shanghai and Cai Xiao in Beijing | China Daily | Updated: 2013-05-17 07:45
Jin Liqun, chairman of the supervisory board of China Investment Corp - the country's sovereign wealth fund - will step down on Friday to assume the position of chairman of China International Capital Corp on Monday, Jin told China Daily on Thursday.
He is expected to succeed 64-year-old Li Jiange, who has been CICC's chairman since 2008.
Analysts said that Jin's decision to join CICC, the country's first joint venture investment bank and a leader in the financial services sector, may require the 64-year-old finance professional to come up with new strategies to boost the bank's performance.
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