China's CIC names new private equity head -sources

HONG KONG, April 29 (Reuters) - China Investment Corp, the country's $200 billion sovereign wealth fund, appointed a new private equity head as part of its latest restructuring, sources told Reuters on Wednesday.

CIC made an internal announcement to its staff late on Tuesday that Hu Bing, who was mainly responsible for CIC's fixed income investment and trading desk, had been appointed the new head of CIC's Private Equity Department, said the sources with direct knowledge of the matter.

CIC could not be immediately reached for comment. (Reporting by George Chen; Editing by Nick Macfie)