Head of Central Huijin Investment Steps Down, CIC Says

(Beijing) – Sovereign wealth fund China Investment Corp. (CIC) said on May 29 it had accepted the resignation of its deputy general manager, Xie Zhichun.

The announcement said Xie also left his position as president and executive director of Central Huijin Investment Ltd., CIC's wholly owned subsidiary, which primarily invests in financial institutions.

Xie will teach at a university and help launch an equity investment fund linked to the central government's Silk Road initiatives, which refer to the New Silk Road Economic Belt and the 21st Century Maritime Silk Road, a CIC employee said. He did not elaborate.