Ding, chairman and chief executive of China's sovereign-wealth fund China Investment Corporation CIC, will take over from Jin Liqun, who resigned, the bank said in a statement on Thursday.
As well as his new role, Ding will retain his current position at CIC, a person familiar with the sovereign fund told FinanceAsia. CIC has assets under management of $650 billion.
Central Huijin Investment, Chinese investment bank CICC’s largest shareholder...