BEIJING, June 30 China Investment Corp., China's
$575-billion sovereign wealth fund, said it has appointed a
career banker as its new executive vice president.
Liu Guiping will be one of five executive vice presidents at
CIC, the fund said in a short announcement on its
A former banker at Agricultural Bank of China,
China's fourth-biggest bank, Liu oversaw the retail banking
The website said Liu, who turns 48 this year, has a Ph.D. in
CIC reported that it had a return of around 11 percent in
2012, reversing a loss in 2011. The fund has not reported how it
performed last year.
(Reporting by Koh Gui Qing)