New CIC President Credited with Shrewd Overseas Investments

Li Keping, Gao Xiqing(right)

(Beijing) – The country's sovereign wealth fund, China Investment Corp. (CIC), has replaced its retiring president and vice chairman, Gao Xiqing, with vice president Li Keping, who has a reputation for wise overseas investments.

The Communist Party's Organization Department announced the personnel change on January 20. Analysts say the appointment was expected.