Central Huijin Appoints New GM
Chinese sovereign wealth fund China Investment Corporation's domestic arm Central Huijin Investment Company has demoted its general manager, Xie Ping, to vice general manager and appointed former Bank of Communications (BoCom) (3328.HK, 601328.SH) Vice Director Peng Chun as Xie's replacement, National Business Daily reported April 8 citing an internal announcement. Unnamed sources said Xie may have interfered with State Council's role in appointing board members of Huijin-invested banks, the report said.
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