Group 1 - Zhang Shaoqing has been appointed as the Deputy General Manager of China Investment Corporation (CIC) [1][3] - Bao Jianmin is no longer a member of the Executive Committee of CIC [2][12] - Zhang Shaoqing has extensive experience in the National Social Security Fund, having held various positions including Director of the Overseas Compliance Division and Director of the Overseas Investment Department [4][6] Group 2 - CIC is China's sovereign wealth fund, aimed at diversifying national foreign exchange investments and maximizing shareholder equity within acceptable risk levels [7] - As of the end of 2023, CIC's overseas investment portfolio consists of 33.13% in public market equities, 16.46% in fixed income, and 48.31% in alternative assets [7] - The domestic equity management business of CIC is conducted by its wholly-owned subsidiary, Central Huijin [9][10] Group 3 - Central Huijin directly holds stakes in 19 financial institutions, including banks and securities companies [10] - Recent approvals by the China Securities Regulatory Commission have made Central Huijin the actual controller of eight additional companies, expanding its influence in the securities sector [10] - Bao Jianmin has transitioned to a new role as Deputy General Manager at CITIC Group [11][12]
社保基金“老将”履新中投!
Zhong Guo Ji Jin Bao·2025-06-08 13:18