CAIXIN: CIC Appoints a New Chairman

Posted on 04/02/2019

Caixin reports that Peng Chun, former chairman of the Bank of Communications Co. Ltd., has been named Chairman of the China Investment Corporation (CIC). In addition, CIC Executive Vice President Ju Weimin has been promoted to president, replacing Tu Guangshao.

Ding Xuedong, the former Chairman of the CIC, exited in February 2017 to become Deputy Secretary General of China’s State Council.


Earlier, China Construction Bank Corp named Liu Guiping, former vice mayor of Chongqing city, as its president, succeeding Wang Zuji. Wang Zuji has reached retirement age. The executive appointment needs to be approved by shareholders.

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