China Investment Corporation (CIC) has tapped Zhang Shaoqing from the Social Security Fund (SSF) as vice president, filling a role that has been vacant since December.
The US$1.3 trillion sovereign wealth fund published Zhang’s appointment on its website on June 6, six months after announcing that his predecessor, Qi Bin, was no longer in the role.
Zhang has held various positions at the SSF, most recently as director of the overseas compliance department, and was primarily responsible for formulating foreign investment plans and developing asset allocation strategies.
The SSF provides basic retirement and social protection, supplementing China’s public pension fund.