Financial personnel are once again "rotating," with senior executives from social security, China Investment Corporation, and CITIC being reassigned to each other

Wallstreetcn
2025.06.09 08:11
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The personnel changes between China Investment Corporation, the National Social Security Fund, and CITIC Group have been initiated again. China Investment Corporation has appointed Zhang Shaoqing as the deputy general manager, previously serving at the National Social Security Fund Council. Meanwhile, Bao Jianmin will no longer serve as the executive committee member of China Investment Corporation and has been transferred to the position of deputy general manager at CITIC Group. Zhang Shaoqing has extensive experience in overseas investment management, while Bao Jianmin made significant contributions to investment management during his time at China Investment Corporation

China Investment Corporation, National Social Security Fund Council, and CITIC Group are all institutions with important investment management tasks under their purview, and personnel changes among them are also underway.

Recently, the China Investment Corporation website announced personnel appointments, with the board of directors approving the appointment of Zhang Shaoqing as the deputy general manager of the China Investment Corporation. It is reported that Zhang Shaoqing previously served at the National Social Security Fund Council.

On the same day, the China Investment Corporation also announced that Bao Jianmin would no longer serve as a member of the executive committee of the China Investment Corporation. The CITIC Group official website shows that Bao Jianmin has taken up the position of member of the Party Committee and deputy general manager of CITIC Group.

Zhang Shaoqing "Comes" to China Investment Corporation

According to official information, Zhang Shaoqing was born in 1974 and is 51 years old this year. He also holds a master's degree in economics and business administration.

Previously, Zhang Shaoqing held various positions at the National Social Security Fund Council, including director of the Overseas Compliance Division of the Legal and Regulatory Department, deputy director and director of the Overseas Investment Department. He is currently a member of the Party Committee and deputy general manager of the China Investment Corporation.

According to the National Social Security Fund Council's website, the Overseas Investment Department formulates overseas investment plans, develops asset allocation schemes, and executes direct and entrusted investment decisions. It selects overseas entrusted investment managers and monitors and evaluates the operation of overseas entrusted investments. It manages the operation of overseas transferred and directly held stocks and researches overseas alternative investments.

Executive Committee Member "Resigns"

On the same day, the personnel appointment and removal announcement from the China Investment Corporation indicated that, after board approval, Bao Jianmin would no longer serve as a member of the executive committee of the China Investment Corporation.

The China Investment Corporation highly praised and expressed heartfelt gratitude for Bao Jianmin's important work and outstanding contributions during his tenure, particularly in conducting non-public market investments, building the investment management system, enhancing the quality and efficiency of investment management, and strengthening autonomous investment capabilities.

Bao Jianmin Joins CITIC

The CITIC Group website indicates that Bao Jianmin has joined CITIC Group and has taken up the position of deputy general manager and member of the Party Committee of China CITIC Group Corporation. He currently also serves as deputy general manager of China CITIC Limited and China CITIC Corporation.

Information shows that Bao Jianmin was born in January 1968, holds a master's degree in engineering, and is a senior economist. He previously served as the director of the Investment Department I of China Investment Corporation, director of the Real Estate Investment Department, and director of the Private Equity Investment Department, as well as a member of the executive committee of China Investment Corporation.

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