China wealth fund CIC taps Wu Yingchun from state-owned bank as vice president

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June 17, 2026
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China Investment Corporation (CIC) has tapped Wu Yingchun from state-owned Industrial and Commercial Bank of China as executive vice president.

The sovereign wealth fund announced the appointment on its website on June 10. Wu succeeds Liu Haoling, who left in April to become vice chairman of the China Securities Regulatory Commission.

Wu was general manager of the institutional financial business department of Industrial and Commercial Bank of China, and president of the lender’s branch in Liaoning province.

Beijing-based CIC is responsible for managing China’s foreign reserves, with over US$1.57 trillion of assets under management. 

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