CIC appoints new chairman from ADB

At China Investment CorporationÆs first anniversary, ChinaÆs State Council has appointed a new chairman who will oversee CIC's supervisory board. Jin Liqun, most recently a vice-president in charge of operations at the Asian Development Bank, is stepping in to replace Hu Huaibang, who is returning to the private sector as a new chairman of the Bank of Communications after a year of service at the CIC.Prior to joining the ADB in 2003, Jin was a vice minister at ChinaÆs Ministry of Fina…