CIC recruits Peng, Fan, from SOE banks
The China Investment Corporation, China's $300 billion SWF, has engaged Fan Yifei, formerly an executive vice president at China Construction Bank (CCB), as an EVP, as well as Bank of Communications (BoCom) EVP Peng Chun as President of its domestic investment unit, Central Huijin Investment, which holds controlling stakes in some of China's major state-owned banks.
Peng will replace Xie Ping at Central Huijin, who will remain a CIC EVP and deputy manager of the division. Peng was ostensibly the number two top executive at BoCom, while Fan most recently focused on...
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