Gao Retires, Li Keping Takes Helm
The China Investment Corporation (CIC) has appointed Li Keping as their new vice chairman and president. Li joined the CIC in July 2011 as a vice president. Li also held roles as executive director and chief investment officer. He was a former deputy chairman of China’s National Council for the Social Security Fund. The Chinese Communist Party announced the change in leadership on January 20th.
Gao Xiqing has stepped down from his executive role – retiring for age. The official retirement age in China for men is 60 – Gao hits 61 in 2014.
Gao Xiqing was ranked #4 on the 2013 Public Investor 100. The CIC has grown significantly under Gao’s watch and has become a major institutional investor in a wide range of assets and markets.
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