Beijing is expected to announce appointments to key financial positions in the near future as the new leadership prepares to take bolder steps towards financial reforms.
Tu Guangshao, executive vice-mayor of Shanghai, will be named chairman of the mainland's US$500 billion sovereign wealth fund, China Investment Corp, more than two months after Lou Jiwei left the post to become finance minister, sources said.
CIC was not available for comment yesterday. The Shanghai municipal government would not comment on the personnel change.
via Business feed http://www.scmp.com/business/banking-finance/article/1234975/shanghai-vice-mayor-set-cic
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