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New CIC chair appointed

Writer:   |  Editor: Lin Qiuying  |  From: Shenzhen Daily  |  Updated: 2024-11-28

The deputy governor of China’s central bank has moved on to take the reins at China Investment Corporation (CIC), a sovereign wealth fund that manages part of the country’s foreign exchange reserves.

Zhang Qingsong, 59, who was deputy governor at the People’s Bank of China for over two years, succeeded Peng Chun to become chairman of CIC, which has assets of more than US$1 trillion. Peng was appointed CIC chair in April 2019.


The deputy governor of China’s central bank has moved on to take the reins at China Investment Corporation (CIC), a sovereign wealth fund that manages part of the country’s foreign exchange reserves.