China’s Sovereign Wealth Fund CIC Names New General Manager

What’s new: China’s sovereign wealth fund China Investment Corp. (CIC) has appointed Liu Haoling as vice chairman, general manager and chief investment officer to replace retiring Ju Weimin.

Liu, 52, previously CIC’s executive vice president, was named as the fund’s new deputy Communist Party committee chief last month.

Liu joined CIC in 2008, working in the legal and compliance department for three years. From 2011 to 2020, Liu beefed up his resume at Central Huijin Investment Ltd., a CIC subsidiary that makes equity investments in domestic financial institutions.