Sovereign Fund Executive to Become Hong Kong Liaison Office Deputy

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Qi Bin. Photo: File photo

An executive vice president at China’s sovereign wealth fund is set to become a deputy director of the central government’s liaison office in Hong Kong, local media reported.

Qi Bin, in his mid-50s, is also a deputy chief investment officer at China Investment Corp. (CIC) and a former Wall Street investment banker.

His appointment is seen as part of China’s efforts to strengthen Hong Kong’s role as an international financial hub.

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Qi Bin, from China’s sovereign wealth fund, is appointed as a deputy director in Hong Kong's central government liaison office.
Qi has a background in investment banking, served at China Investment Corp, and worked on reforming China's capital markets while at the CSRC.
His role is part of China's strategy to bolster Hong Kong's status as an international financial hub.

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Who’s Who

China Investment Corporation: China Investment Corporation (CIC) is China's sovereign wealth fund, where Qi Bin serves as a deputy chief investment officer. Established to manage part of China's foreign exchange reserves, CIC focuses on investing in public equity, fixed income, alternative assets, and private equity. Qi has contributed to establishing a management model with "Chinese characteristics" and has been instrumental in setting up Sino-foreign joint and bilateral funds during his tenure.

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What Happened When

1992：: Qi Bin went to study in the U.S. and earned an MBA from the University of Chicago.

2000：: Qi joined the China Securities Regulatory Commission (CSRC) and worked there for more than a decade.

2016：: Qi moved to China Investment Corp (CIC) and started pushing to establish a sovereign wealth fund management model with 'Chinese characteristics'.