SAFE’s CIO to Leave Job

Posted on 01/28/2014

Zhu Changhong, the man behind managing China’s foreign exchange reserves, is leaving his position as chief investment officer. The former PIMCO alumni is credited for diversifying China’s foreign reserves away from U.S. Treasury bonds. Zhu lowered the proportion of treasuries, while increased exposure to U.S. corporate bonds, equities, real estate, Japanese bonds and Japanese equities. […]