Governance
In accordance with the Company Law of China and CIC’s Articles of Association, the Board of Directors is responsible for establishing and overseeing the company’s development strategies, operational policies, and investment plans; determining major matters to be reported on to shareholders; approving the annual budget and final accounts; appointing and removing senior executives; and approving the establishment of internal management bodies.The Board of Directors comprises Executive Directors, Non-Executive Directors, Independent Directors, and an Employee Directors.
The Strategy and Social Responsibility Committee, the Risk Management Committee, and the Nomination and Remuneration Committee are sub-committees of the Board of Directors. Pursuant to their mandates from the Board, the three committees engage with key issues and formulate recommendations that feed into the Board’s decision-making processes.
The Executive Committee translates the guidance of the Board of Directors into detailed strategies and oversees CIC's day-to-day operations. It has the authority to make required operating decisions, including decisions on basic rules, institutional adjustments, operating mechanisms, performance evaluations, and remuneration.
Members

Chairman and CEO
Mr. ZHANG Qingsong is Chairman and Chief Executive Officer of CIC. Prior to this, he was Deputy Governor of the People’s Bank of China. Previously, he served as Vice Chairman and President of the Agricultural Bank of China. Before that, he was Vice Chairman and President of the Export-Import Bank of China. In his early career, he held several positions at the Bank of China, including Executive Vice President, General Manager of the Clearing Department, General Manager of the Singapore Branch, General Manager of the Hong Kong Trading Center (Hong Kong Branch), Director (Securities Investment) and then General Manager (Securities Investment) of the Global Markets Unit, and Director of the Global Markets Department.
Mr. ZHANG, born in 1965, holds a master’s degree in economics from the Graduate School of People’s Bank of China.
Mr. ZHANG Qingsong is Chairman and Chief Executive Officer of CIC. Prior to this, he was Deputy Governor of the People’s Bank of China. Previously, he served as Vice Chairman and President of the Agricultural Bank of China. Before that, he was Vice Chairman and President of the Export-Import Bank of China. In his early career, he held several positions at the Bank of China, including Executive Vice President, General Manager of the Clearing Department, General Manager of the Singapore Branch, General Manager of the Hong Kong Trading Center (Hong Kong Branch), Director (Securities Investment) and then General Manager (Securities Investment) of the Global Markets Unit, and Director of the Global Markets Department.
Mr. ZHANG, born in 1965, holds a master’s degree in economics from the Graduate School of People’s Bank of China.

Vice Chairman, President, and Chief Investment Officer
Mr. LIU is Vice Chairman, President, and Chief Investment Officer of CIC. Previously, he served as the Executive Vice President and Chief Risk Officer of CIC. Immediately prior to this, he was a Member of the Executive Committee of CIC and Executive Vice President of Central Huijin. Prior to that, he held several positions at CIC and Central Huijin, including Head of Equity Management Department II of Central Huijin, Head of Comprehensive Management Department / Banking Institutions Department II of Central Huijin, Deputy Head of Comprehensive Management Department of Central Huijin, and Senior Vice President and then Director of Legal & Compliance Department of CIC.
Mr. LIU, born in 1971, holds a master’s degree of science in finance from London Business School and an LL.M. degree from the University of Iowa.
Mr. LIU is Vice Chairman, President, and Chief Investment Officer of CIC. Previously, he served as the Executive Vice President and Chief Risk Officer of CIC. Immediately prior to this, he was a Member of the Executive Committee of CIC and Executive Vice President of Central Huijin. Prior to that, he held several positions at CIC and Central Huijin, including Head of Equity Management Department II of Central Huijin, Head of Comprehensive Management Department / Banking Institutions Department II of Central Huijin, Deputy Head of Comprehensive Management Department of Central Huijin, and Senior Vice President and then Director of Legal & Compliance Department of CIC.
Mr. LIU, born in 1971, holds a master’s degree of science in finance from London Business School and an LL.M. degree from the University of Iowa.

Executive Director
Mr. LIU Jinbo is Executive Director of CIC. Previously, he was Director General of Department of Personnel, Science & Technology and Education at Civil Aviation Administration of China (CAAC). Prior to this, he served as Vice President / Deputy Director of China Academy of Civil Aviation Science and Technology / Center of Aviation Safety Technology, CAAC. Before that, he served as Deputy Director General and then Director General of Department of Finance at CAAC, while concurrently serving as Chairman of the Board of Supervisors at Capital Airports Holdings Co., Ltd., as well as Deputy Head of CAAC Settlement Center.
Mr. LIU, born in 1971, holds an MBA degree from Beijing Jiaotong University, as well as the title of Senior Economist.
Mr. LIU Jinbo is Executive Director of CIC. Previously, he was Director General of Department of Personnel, Science & Technology and Education at Civil Aviation Administration of China (CAAC). Prior to this, he served as Vice President / Deputy Director of China Academy of Civil Aviation Science and Technology / Center of Aviation Safety Technology, CAAC. Before that, he served as Deputy Director General and then Director General of Department of Finance at CAAC, while concurrently serving as Chairman of the Board of Supervisors at Capital Airports Holdings Co., Ltd., as well as Deputy Head of CAAC Settlement Center.
Mr. LIU, born in 1971, holds an MBA degree from Beijing Jiaotong University, as well as the title of Senior Economist.

Non-Executive Director
Mr. CONG Liang, Non-Executive Director of CIC, is Vice Chairman of Development Research Center of the State Council. Previously, he served as Vice Chairman of National Development and Reform Commission (NDRC). Prior to that, he was Vice Chairman of NDRC and Commissioner of the National Food and Strategic Reserves Administration. He also held several other positions in NDRC including Secretary General, Spokesperson,Deputy Director General and then Director General of the Comprehensive Department of National Economy. He served as Non-Executive Director of CIC since he was Vice-Chairman of NDRC.
Mr. CONG, born in 1971, holds a Ph.D. in Economics from the Chinese Academy of Social Sciences.
Mr. CONG Liang, Non-Executive Director of CIC, is Vice Chairman of Development Research Center of the State Council. Previously, he served as Vice Chairman of National Development and Reform Commission (NDRC). Prior to that, he was Vice Chairman of NDRC and Commissioner of the National Food and Strategic Reserves Administration. He also held several other positions in NDRC including Secretary General, Spokesperson,Deputy Director General and then Director General of the Comprehensive Department of National Economy. He served as Non-Executive Director of CIC since he was Vice-Chairman of NDRC.
Mr. CONG, born in 1971, holds a Ph.D. in Economics from the Chinese Academy of Social Sciences.

Non-Executive Director
Mr. LIAO Min, Non-Executive Director of CIC, is Vice Minister of Finance. He served as Vice Minister of the Office of the Central Commission for Finance and Economy and Vice Minister of Finance, and before that, Director General of the International Economic Department of the Office of the Central Leading Group on Financial and Economic Affairs. Prior to that, he held several positions at the China Banking Regulatory Commission (CBRC), including Director General of the Shanghai Bureau, Director General and Deputy Director General of the Executive Department.
Mr. LIAO, born in 1968, holds a master's degree in economics from Peking University and an MBA degree from University of Cambridge.
Mr. LIAO Min, Non-Executive Director of CIC, is Vice Minister of Finance. He served as Vice Minister of the Office of the Central Commission for Finance and Economy and Vice Minister of Finance, and before that, Director General of the International Economic Department of the Office of the Central Leading Group on Financial and Economic Affairs. Prior to that, he held several positions at the China Banking Regulatory Commission (CBRC), including Director General of the Shanghai Bureau, Director General and Deputy Director General of the Executive Department.
Mr. LIAO, born in 1968, holds a master's degree in economics from Peking University and an MBA degree from University of Cambridge.

Non-Executive Director
Mr. LI Fei, Non-Executive Director of CIC, is Vice Minister of Commerce. Previously, he held several positions at the Ministry of Commerce including Assistant Minister of Commerce, Spokesperson, Director General of the Information Office, Director General of the General Office and Secretary General of the Secretariat of the International Trade Representative, Director General of the Department of Foreign Affairs, and Deputy Director General of the Department of North American and Oceanian Affairs.
Mr. LI, born in 1968, holds a bachelor's degree in economics from the University of International Business and Economics.
Mr. LI Fei, Non-Executive Director of CIC, is Vice Minister of Commerce. Previously, he held several positions at the Ministry of Commerce including Assistant Minister of Commerce, Spokesperson, Director General of the Information Office, Director General of the General Office and Secretary General of the Secretariat of the International Trade Representative, Director General of the Department of Foreign Affairs, and Deputy Director General of the Department of North American and Oceanian Affairs.
Mr. LI, born in 1968, holds a bachelor's degree in economics from the University of International Business and Economics.

Non-Executive Director
Mr. LU Lei, Non-Executive Director of CIC, is Deputy Governor of the PBC.
Mr. LU, born in 1970, holds a PhD in Economics.
Mr. LU Lei, Non-Executive Director of CIC, is Deputy Governor of the PBC.
Mr. LU, born in 1970, holds a PhD in Economics.

Non-Executive Director
Ms. LI Hongyan, Non-Executive Director of CIC, is Deputy Administrator of the State Administration of Foreign Exchange (SAFE). Prior to that, she had served as Deputy Director General and then Director General of the SAFE Investment Center.
Ms. LI, born in 1972, holds a master's degree in science and a master's degree in public administration.
Ms. LI Hongyan, Non-Executive Director of CIC, is Deputy Administrator of the State Administration of Foreign Exchange (SAFE). Prior to that, she had served as Deputy Director General and then Director General of the SAFE Investment Center.
Ms. LI, born in 1972, holds a master's degree in science and a master's degree in public administration.

Independent Director
Mr. LI Jiange, Independent Director of CIC, is the Chairman of the Board of Trustees of Sun Yefang Foundation. He previously served as Vice Chairman of Central Huijin, Chairman of ShenYin & WanGuo Securities Co., Ltd., Chairman of China International Capital Corporation Limited (CICC), Vice Minister of the Development Research Center (DRC) of the State Council, Vice Minister of the State Council Office for Restructuring the Economic System, Vice Chairman and then Executive Vice Chairman of the China Securities Regulatory Commission, and Chief of Staff of the Securities Commission of the State Council. Prior to that, he had served as Deputy Director General and then Director General of the Department of Policy and Regulation of the State Economic and Trade Commission, and as Deputy Director General of the Policy Research Office of the State Planning Commission.
Mr. LI, born in 1949, holds a master's degree in economics from the Chinese Academy of Social Sciences.
Mr. LI Jiange, Independent Director of CIC, is the Chairman of the Board of Trustees of Sun Yefang Foundation. He previously served as Vice Chairman of Central Huijin, Chairman of ShenYin & WanGuo Securities Co., Ltd., Chairman of China International Capital Corporation Limited (CICC), Vice Minister of the Development Research Center (DRC) of the State Council, Vice Minister of the State Council Office for Restructuring the Economic System, Vice Chairman and then Executive Vice Chairman of the China Securities Regulatory Commission, and Chief of Staff of the Securities Commission of the State Council. Prior to that, he had served as Deputy Director General and then Director General of the Department of Policy and Regulation of the State Economic and Trade Commission, and as Deputy Director General of the Policy Research Office of the State Planning Commission.
Mr. LI, born in 1949, holds a master's degree in economics from the Chinese Academy of Social Sciences.

Independent Director
Professor BAI, Independent Director of CIC, is Mansfield Freeman Chair Professor and Dean of the School of Economics and Management of Tsinghua University. He is also the Director of both the National Institute for Fiscal Studies of Tsinghua University and the Institute for State-Owned Enterprises of Tsinghua University. He previously served as a member of the monetary policy committee of the People's Bank of China. Prior to that, he served as Adjunct Vice-President of Beijing State-Owned Assets Management Co., Ltd. and as a non-resident Senior Fellow of the Brookings Institution.
Professor BAI, born in 1963, holds a Ph.D. in economics from Harvard University.
Professor BAI, Independent Director of CIC, is Mansfield Freeman Chair Professor and Dean of the School of Economics and Management of Tsinghua University. He is also the Director of both the National Institute for Fiscal Studies of Tsinghua University and the Institute for State-Owned Enterprises of Tsinghua University. He previously served as a member of the monetary policy committee of the People's Bank of China. Prior to that, he served as Adjunct Vice-President of Beijing State-Owned Assets Management Co., Ltd. and as a non-resident Senior Fellow of the Brookings Institution.
Professor BAI, born in 1963, holds a Ph.D. in economics from Harvard University.

Employee Director
Mr. ZHANG Geping, an Employee Director, is Head of the Human Resources Department of CIC. Immediately prior to this, he held several positions at CIC, including Secretary of the Board of Directors, Deputy Head and then Head of the Administrative Office/Office of the Board of Directors/Office of the Board of Supervisors, and Head of the General Affairs Department. In his earlier career, Mr. ZHANG served as Secretary of the Discipline Inspection Commission at China Jianyin Investment Limited.
Mr. ZHANG, born in 1967, holds a Ph.D. in economics from Renmin University of China.
Mr. ZHANG Geping, an Employee Director, is Head of the Human Resources Department of CIC. Immediately prior to this, he held several positions at CIC, including Secretary of the Board of Directors, Deputy Head and then Head of the Administrative Office/Office of the Board of Directors/Office of the Board of Supervisors, and Head of the General Affairs Department. In his earlier career, Mr. ZHANG served as Secretary of the Discipline Inspection Commission at China Jianyin Investment Limited.
Mr. ZHANG, born in 1967, holds a Ph.D. in economics from Renmin University of China.