Governance
- Organizational Structure
- Articles of Association (Abstract)
- Governing Boards
- Management
- Functional Departments
The CIC Board of Directors is mandated and authorized to oversee the company's operation and overall performance. Based on objectives and broad policy set by the State Council, the Board sets investment strategy and operational guidelines. Its mandate also includes: (i) deciding how to implement such strategies; (ii) identifying major issues that need to be reported to the State Council; (iii) appointing, and if required, authorizing the removal of management; and (iv) delegating responsibilities and establishing committees as necessary.
The Board also has the authority to carry out other functions according to the Law of the People's Republic of China, the company's Articles of Association, and other constitutive documents.
The Board of Directors has eleven seats and is composed of executive, non-executive, independent, and employee directors.
Lou Jiwei
Chairman & CEO
Mr. Lou Jiwei is the Chairman and Chief Executive Officer of CIC. Immediately prior to this, he served as Deputy Secretary General (ministerial level) of the State Council. Previously he served as Executive Deputy Minister of Finance, Deputy Governor of Guizhou Province, and Director General of the Macroeconomic Control Department of the State Commission for Restructuring the Economic Systems.
Mr. Lou was born in 1950. He received a masters degree in economics from the Chinese Academy of Social Sciences and a bachelor's degree from Tsinghua University.
Gao Xiqing
Vice Chairman & President
Mr. Gao Xiqing is the Vice Chairman and President of CIC. Immediately prior to this, he served as Deputy Chairman of the National Council for the Social Security Fund. He also worked as Deputy Chairman at the China Securities Regulatory Commission, and General Counsel and the Director General of the Public Offering Supervision Department. In the 1990s, he served as Deputy Chairman and Chief Executive Officer of the Bank of China International (Holdings) Ltd.
Mr. Gao was born in 1953. He received a juris doctor degree from the School of Law at Duke University in the United States and a masters degree in law/economics from the University of International Business and Economics, Beijing.
Li Keping
Executive Director, Executive Vice President & Chief Investment Officer
Mr. Li Keping is Executive Director, Executive Vice President and Chief Investment Officer of CIC. Immediately prior to this, he served as Deputy Chairman of the National Council for the Social Security Fund. He also worked as Head of Investment Department of the National Council for the Social Security Fund, Deputy Director General of the Macroeconomic Control Department of the State Council Office for Restructuring the Economic Systems, Deputy Director General of the Macroeconomic Control Department of the State Commission for Restructuring the Economic Systems.
Mr. Li was born in 1956 and holds a bachelor’s degree in economics from Beijing University.
Zhang Xiaoqiang
Non-Executive Director
Mr. Zhang Xiaoqiang is Non-Executive Director of CIC. He is currently Vice Chairman of the National Development and Reform Commission (NDRC). Prior to this position, he served as Secretary General of the State Development & Planning Commission (SDPC), a predecessor to the NDRC, the Director General of the Department of Foreign Investment at the State Planning Commission (a predecessor to the SDPC), and an economic counselor at the Chinese Embassy in the United States.
Mr. Zhang was born in 1952 and holds a bachelor's degree in Economics from Peking University in China.
Li Yong
Non-Executive Director
Mr. Li Yong is Non-Executive Director of CIC. He is currently Deputy Minister of Finance. Prior to this, he served as Assistant Minister of Finance, Secretary General of the Chinese Institute of Certified Public Accountants, Director General of the World Bank Department under the Ministry of Finance and Executive Director of China to the World Bank Group.
Mr. Li was born in 1951 and holds a masters degree in economics from the Research Institute for Fiscal Science under the Ministry of Finance.
Chen Jian
Non-Executive Director
Mr. Chen Jian is Non-Executive Director of CIC. He is currently Vice Minister of Commerce. Prior to this, he served as Assistant Minister of the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) and MOFCOM, Director General of Foreign Economic Cooperation Department of MOFTEC, and Vice President of China National Overseas Engineering Corporation.
Mr. Chen was born in 1952 and graduated from Beijing Second Foreign Language Institute.
Hu Xiaolian
Non-Executive Director
Madam Hu Xiaolian is Non-Executive Director of CIC. She serves currently as Deputy Governor of the People’s Bank of China (PBC). Before taking up her current position, she served as Deputy Administrator, Administrator of State Administration of Foreign Exchange (SAFE) and Assistant Governor of PBOC. Previously she worked in a number of departments in SAFE, serving as Director General of the Reserve Management Department, Deputy Director General of the Policy, Law and Regulation Department, and Director of the Policy Research Office.
Madam Hu was born in 1958 and holds a masters degree in economics from the Graduate School of the PBOC.
Fang Shangpu
Non-Executive Director
Mr. Fang Shangpu is Non-Executive Director of CIC. He is currently Deputy Administrator of the State Administration of Foreign Exchange (SAFE). Prior to this, he served as Chief Accountant of SAFE and Deputy Administrator of SAFE Shanghai Branch, Vice President of PBOC Shanghai Branch, and Deputy President of Fujian Industrial Bank.
Mr. Fang was born in 1956 and holds a master’s degree in economics from Xiamen University.
Liu Zhongli
Independent Director
Mr. Liu Zhongli is an Independent Director of CIC. He is concurrently Chair of the Chinese Institute of Certified Public Accountants. Prior to this, he served as the Chairman of the Economic Commission under the Chinese People's Political Consultative Conference. Previously he served as the Chairman of the National Council for Social Security Fund, Director of the Economic Restructuring Office of the State Council, Minister of Finance, Commissioner of the State Administration of Taxation, Deputy Secretary General of the State Council, and Deputy Head of the Enterprises Management Advisory Commission under the State Council. He also served as Deputy Governor of Heilongjiang Province in 1980s.
Mr. Liu was born in 1934 and is a college graduate.
Wang Chunzheng
Independent Director
Mr. Wang Chunzheng is an Independent Director of CIC. Previously he was the Head (ministerial level) of the Office of the Central Leading Group on Financial and Economic Affairs. He also served as Vice Chairman (ministerial level) of the National Development and Reform Commission as well as its predecessor, the State Development Planning Commission.
Mr. Wang was born in 1938.
Li Xin
Employee Director
Mr. Li Xin is an Employee Director and Head of Human Resources Department of CIC. Prior to this appointment, he held various positions in the State Administration (formerly“State Commission”) of Science, Technology and Industry for National Defense, including Deputy Director General of General Office and Director General of Finance and Accounting Department. Previously he had served as engineer at the Ministry of Aerospace Industry, division chief at the Ministry of Finance and Xinhua News Agency (Hong Kong Branch).
Mr. Li was born in 1960 and holds a bachelor's degree in engineering from Shenyang Institute of Aeronautical Engineering.