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. PENG Chun is Chairman and Chief Executive Officer of CIC. Immediately prior to this, he served as Chairman and Executive Director of the Bank of Communications. Previously, he was Vice Chairman, Executive Director, and President of the Bank of Communications. Before that, he worked as Executive Vice President of CIC, and Executive Director and President of Central Huijin. He previously held several positions with the Bank of Communications, including as Executive Director and Executive Vice President; Executive Vice President; Director and Assistant to the President; and General Manager of the Urumqi Branch, Nanning Branch, and Guangzhou Branch.
Mr. PENG, born in 1962, holds a master's degree in economics from the School of Finance of People's Bank of China and a professional qualification as Senior Accountant.
Mr. PENG Chun is Chairman and Chief Executive Officer of CIC. Immediately prior to this, he served as Chairman and Executive Director of the Bank of Communications. Previously, he was Vice Chairman, Executive Director, and President of the Bank of Communications. Before that, he worked as Executive Vice President of CIC, and Executive Director and President of Central Huijin. He previously held several positions with the Bank of Communications, including as Executive Director and Executive Vice President; Executive Vice President; Director and Assistant to the President; and General Manager of the Urumqi Branch, Nanning Branch, and Guangzhou Branch.
Mr. PENG, born in 1962, holds a master's degree in economics from the School of Finance of People's Bank of China and a professional qualification as Senior Accountant.
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 and Executive Vice President
Mr. SHEN Rujun is Executive Director and Executive Vice President of CIC. Prior to this, he served as Executive Director and Executive Vice President of the Bank of Communications. Previously, he held several positions with the Industrial and Commercial Bank of China (ICBC), including President of Shandong Branch, General Manager of the Finance and Accounting Department, Vice President of Beijing Branch, and Deputy General Manager of the Planning and Finance Department.
Mr. SHEN, born in 1964, holds a Ph.D. in management from Technology and Economics School of Hohai University and the title of Senior Accountant.
Mr. SHEN Rujun is Executive Director and Executive Vice President of CIC. Prior to this, he served as Executive Director and Executive Vice President of the Bank of Communications. Previously, he held several positions with the Industrial and Commercial Bank of China (ICBC), including President of Shandong Branch, General Manager of the Finance and Accounting Department, Vice President of Beijing Branch, and Deputy General Manager of the Planning and Finance Department.
Mr. SHEN, born in 1964, holds a Ph.D. in management from Technology and Economics School of Hohai University and the title of Senior Accountant.
Non-Executive Director
Mr. CONG Liang, Non-Executive Director of CIC, is Vice Chairman of the National Development and Reform Commission (NDRC) and Commissionerof the National Food and Strategic Reserves Administration. Previously, he served as Commissioner of the National Food and Strategic Reserves Administration. Prior to that, he held several positions at the NDRC including Vice Chairman, Secretary General, and Spokesperson; and Deputy Director General and then Director General of the Comprehensive Department of National Economy.
Mr. CONG, born in 1971, holds a Ph.D. degree in Economics from the Chinese Academy of Social Sciences.
Mr. CONG Liang, Non-Executive Director of CIC, is Vice Chairman of the National Development and Reform Commission (NDRC) and Commissionerof the National Food and Strategic Reserves Administration. Previously, he served as Commissioner of the National Food and Strategic Reserves Administration. Prior to that, he held several positions at the NDRC including Vice Chairman, Secretary General, and Spokesperson; and Deputy Director General and then Director General of the Comprehensive Department of National Economy.
Mr. CONG, born in 1971, holds a Ph.D. degree in Economics from the Chinese Academy of Social Sciences.
Non-Executive Director
Mr. XU Hongcai, Non-Executive Director of CIC, is Deputy Director General of the Financial and Economic Affairs Committee of the National People's Congress, and Director General of the Budgetary Affairs Commission of the National People's Congress. He has served as Non-Executive Director of CIC since he was Vice Minister of Finance. Previously, he served as Vice Minister of Finance, Assistant Minister of Finance, Deputy Director General and then Director General of the Budget Department at the Ministry of Finance.
Mr. XU, born in 1963, holds a bachelor's degree in economics from Jiangxi University of Finance and Economics.
Mr. XU Hongcai, Non-Executive Director of CIC, is Deputy Director General of the Financial and Economic Affairs Committee of the National People's Congress, and Director General of the Budgetary Affairs Commission of the National People's Congress. He has served as Non-Executive Director of CIC since he was Vice Minister of Finance. Previously, he served as Vice Minister of Finance, Assistant Minister of Finance, Deputy Director General and then Director General of the Budget Department at the Ministry of Finance.
Mr. XU, born in 1963, holds a bachelor's degree in economics from Jiangxi University of Finance and Economics.
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. XUAN Changneng, Non-Executive Director of CIC, is Deputy Governor of the People's Bank of China (PBOC). Previously, he served as Deputy Administrator of the State Administration of Foreign Exchange, and Assistant to the Chairman of the China Securities Regulatory Commission. Prior to that, he held several positions at the PBOC, including Director-General of the Financial Stability Bureau and Head of the Research Institute (Director- General level).
Mr. XUAN, born in 1967, holds a Ph.D. in finance from the University of Texas at Austin.
Mr. XUAN Changneng, Non-Executive Director of CIC, is Deputy Governor of the People's Bank of China (PBOC). Previously, he served as Deputy Administrator of the State Administration of Foreign Exchange, and Assistant to the Chairman of the China Securities Regulatory Commission. Prior to that, he held several positions at the PBOC, including Director-General of the Financial Stability Bureau and Head of the Research Institute (Director- General level).
Mr. XUAN, born in 1967, holds a Ph.D. in finance from the University of Texas at Austin.
Non-Executive Director
Mr. LU Lei, Non-Executive Director of CIC, is Deputy Governor of the People’s Bank of China. He has served as Non-Executive Director of CIC since he was Deputy Administrator of the State Administration of Foreign Exchange. Previously, he held several positions at the People's Bank of China including Director General of the Financial Stability Bureau and Director General of the Research Bureau. Prior to that, he served as Vice President and President of Guangdong University of Finance.
Mr. LU, born in 1970, holds a Ph.D. in economics from the School of Finance of People's Bank of China.
Mr. LU Lei, Non-Executive Director of CIC, is Deputy Governor of the People’s Bank of China. He has served as Non-Executive Director of CIC since he was Deputy Administrator of the State Administration of Foreign Exchange. Previously, he held several positions at the People's Bank of China including Director General of the Financial Stability Bureau and Director General of the Research Bureau. Prior to that, he served as Vice President and President of Guangdong University of Finance.
Mr. LU, born in 1970, holds a Ph.D. in economics from the School of Finance of People's Bank of China.
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.
