Peng Chun

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Peng Chun is a Chinese bureaucrat and was the chairman of China Investment Corporation, one of China's sovereign funds.

Career

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

  1. 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.
  2. ↑ "China's CIC says Peng Chun appointed as chairman". Reuters . 2019-04-09. Retrieved 2023-07-09.
  3. ↑ He, Laura; Zheng, William (2019-04-02). "China Picks Career Bureaucrat to Head Sovereign Wealth Fund". South China Morning Post . Retrieved 2023-07-09.
  4. ↑ "PBOC Vice Governor to Take Charge of Chinese Sovereign Wealth Fund CIC". www2.yicaiglobal.com. Retrieved 2025-02-21.
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