Liu Haoling Appointed CIO of China Investment Corp.

The China Investment Corp., the largest sovereign wealth fund in China, announced on Monday the appointment of Liu Haoling to the roles of vice chairman, president and CIO, succeeding Ju Weimin in each role.

“We acknowledge and appreciate the extraordinary contributions made by Mr. Ju Weimin during his tenure at CIC in terms of corporate strategies, comprehensive risk management, reform of investment management system, institutional investment capacity building, and international communication and cooperation,” the fund’s announcement stated.

CIC managed $1.24 trillion in assets as of December 31, 2022, according to the firm’s most recent annual report. The fund returned an annualized 10-year return of 6.43%. CIC manages the foreign exchange holdings of China across its three subsidiaries, CIC International, CIC Capital Corp. and Central Huijin Investment Co.

Previously, Liu was executive vice president and chief risk officer of the CIC. He also held multiple positions at the Central Huijin Investment Co. He earned an M.S. in finance from London Business School and an L.L.M. from the University of Iowa.