China's sovereign wealth fund names new CIO

Li Keping, vice-chairman of China's national pension fund, has been named executive director and chief investment officer of the country's $300 billion sovereign wealth fund which directs investments from China's huge stockpile of foreign exchange reserves.

Li replaces Gao Xiqing, who remains as president, a statement on the website of China Investment Corp (CIC) said. Sources told Reuters on June 17 of the impending personnel change.

China sovereign wealth fund to name new CIO-source

HONG KONG/BEIJING, June 17 (Reuters) - A top executive of China's national pension fund is tipped to become chief investment officer of the country's $300 billion sovereign wealth fund, a source said on Friday, part of intense political jockeying ahead of a sweeping reshuffle of the Communist Party's top leadership.

Li Keping, 55 , vice chairman of the $130 billion National Social Security Fund, is likely to succeed Gao Xiqing as chief investment officer of China Investment Corp (CIC) , the source at CIC told Reuters, requesting anonymity.