Peng Chun
Peng Chun is a Chinese bureaucrat and was the chairman of China Investment Corporation, one of China's sovereign funds.
Career
[edit]Peng is a career bureaucrat and banker who spent decades rising through the ranks of China's Bank of Communications.[1]: 117
From April 2010 to September 2013, Peng served as the general manager and executive director of Central Huijin.[1]: 117
He later served as chairman of the Bank of Communications,[2] a post he resigned from shortly before being appointed China Investment Corporation's Chairman in April 2019.[3][1]: 117 As the Chair of CIC, Peng continued former Vice Chairman Tu Guangshao's strategy of forming cooperation funds to better satisfy Western countries' screening processes for foreign direct investment: in 2020, CIC formed the France-China Cooperation Fund, the China-Italy Industrial Cooperation Fund, the UK-China Cooperation Fund, and the Japan-China Industrial Cooperation Fund.[1]: 117–118
In November 2024, Peng was succeeded as Chair of CIC by Zhang Qingsong.[4]
References
[edit]- 1 2 3 4 Liu, Zongyuan Zoe (2023). Sovereign Funds: How the Communist Party of China Finances its Global Ambitions. The Belknap Press of Harvard University Press. doi:10.2307/jj.2915805. ISBN 9780674271913. JSTOR jj.2915805.
- ↑ "China's CIC says Peng Chun appointed as chairman". Reuters. 2019-04-09. Retrieved 2023-07-09.
- ↑ He, Laura; Zheng, William (2019-04-02). "China Picks Career Bureaucrat to Head Sovereign Wealth Fund". South China Morning Post. Retrieved 2023-07-09.
- ↑ "PBOC Vice Governor to Take Charge of Chinese Sovereign Wealth Fund CIC". www2.yicaiglobal.com. Retrieved 2025-02-21.