Reported CIC reshuffle raises questions

Jan 21, 2014

General manager Gao Xiqing has retired from CIC, to be replaced by CIO Li Keping, report media, sparking speculation about a change in investment direction and reliance on external managers.

A fresh reshuffle is reportedly underway at China’s sovereign wealth fund CIC, with general manager Gao Xiqing retiring and chief investment officer Li Keping succeeding him, according to media.

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