中国投资无限义务公司

Governance

The Board of Directors (the Board) discharges its responsibilities as specified by China’s Company Law. Comprising executive director, independent director, non-executive director, and employee director, it is authorized to oversee the company’s operations, evaluate its overall performance, and make decisions on important matters in accord with the Articles of Association. Based on objectives and principles stipulated by the State Council, the Board reviews and approves the company’s development strategies, operational guidelines, and investment plans. It also decides on matters related to the implementation of corporate strategies, identifies major issues to report to the shareholder, appoints and removes senior executives, and decides on or authorizes the establishment of management bodies as necessary. The Board reviews the compensation policies for senior executives and oversees the execution of these policies through the Remuneration Committee organized under the Board.


The Board of Directors is supported by the Remuneration Committee and Executive Committee.


The Remuneration Committee assists the Board of Directors in examining and approving CIC's human resource strategies and remuneration mechanism; researches and establishes senior management's remuneration allocation system, reviewing their personal annual salary liquidation scheme; and supervises the implementation of senior management's remuneration policy.


The Executive Committee translates the guidance of the Board of Directors into detailed strategies and oversees CIC's day-to-day operations. It has the authority to make required operating decisions, including decisions on basic rules, institutional adjustments, operating mechanisms, performance evaluations, and remuneration.

Members

Peng Chun

Chairman and CEO

Mr. Peng Chun is Chairman and CEO of CIC. Immediately prior to this, he served as Chairman of the Board of Directors and Executive Director of Bank of Communications. Previously, he was Vice Chairman of the Board of Directors, Executive Director and President of Bank of Communications. Before that, he worked as Executive Vice President of CIC, Executive Director and President of Central Huijin. He also held several positions with Bank of Communications, including Executive Director and Executive Vice President; Executive Vice President; Director and Assistant to the President; General Manager of Urumqi Branch, Nanning Branch and Guangzhou Branch.

Mr. Peng, born in 1962, holds a master's degree in economics from School of Finance of People's Bank of China.

Mr. Peng Chun is Chairman and CEO of CIC. Immediately prior to this, he served as Chairman of the Board of Directors and Executive Director of Bank of Communications. Previously, he was Vice Chairman of the Board of Directors, Executive Director and President of Bank of Communications. Before that, he worked as Executive Vice President of CIC, Executive Director and President of Central Huijin. He also held several positions with Bank of Communications, including Executive Director and Executive Vice President; Executive Vice President; Director and Assistant to the President; General Manager of Urumqi Branch, Nanning Branch and Guangzhou Branch.

Mr. Peng, born in 1962, holds a master's degree in economics from School of Finance of People's Bank of China.

Ju Weimin

Vice Chairman and President

Mr. Ju Weimin is Vice Chairman and President of CIC. Previously, he served as Executive Vice President of CIC. Prior to joining CIC, he was Vice President and Chief Financial Officer of CITIC Limited. He held several positions at CITIC, including Executive Director, Vice President and Chief Financial Officer of CITIC Group, Chairman of CITIC Resources Holdings Limited and CITIC Trust Co., Ltd. as well as board member of China CITIC Bank Corporation Ltd. and CITIC Securities. Mr. Ju used to serve as Deputy Director General and Director General of CITIC Finance Department. Besides, he was Chairman of China Trustee Association as well.

Mr. Ju, born in 1963, holds a master's degree in economics from Renmin University of China.

Mr. Ju Weimin is Vice Chairman and President of CIC. Previously, he served as Executive Vice President of CIC. Prior to joining CIC, he was Vice President and Chief Financial Officer of CITIC Limited. He held several positions at CITIC, including Executive Director, Vice President and Chief Financial Officer of CITIC Group, Chairman of CITIC Resources Holdings Limited and CITIC Trust Co., Ltd. as well as board member of China CITIC Bank Corporation Ltd. and CITIC Securities. Mr. Ju used to serve as Deputy Director General and Director General of CITIC Finance Department. Besides, he was Chairman of China Trustee Association as well.

Mr. Ju, born in 1963, holds a master's degree in economics from Renmin University of China.

Ning Jizhe

Non-Executive Director

Mr. Ning Jizhe, Non-Executive Director of CIC, is Vice Chairman of the National Development and Reform Commission (Minister level) and Commissioner of the National Bureau of Statistics. Previously, he served as Deputy Director and then Director of Research Office of State Council, Deputy Head and then Head of Comprehensive Planning Department at the Western Region Development Office of State Council, and Deputy Director General of the Department of Development Planning at the State Development and Planning Commission.

Mr. Ning, born in 1961, holds a Ph.D. in economics from Renmin University of China.

Mr. Ning Jizhe, Non-Executive Director of CIC, is Vice Chairman of the National Development and Reform Commission (Minister level) and Commissioner of the National Bureau of Statistics. Previously, he served as Deputy Director and then Director of Research Office of State Council, Deputy Head and then Head of Comprehensive Planning Department at the Western Region Development Office of State Council, and Deputy Director General of the Department of Development Planning at the State Development and Planning Commission.

Mr. Ning, born in 1961, holds a Ph.D. in economics from Renmin University of China.

Zou Jiayi

Non-Executive Director

Ms. Zou Jiayi, Non-Executive Director of CIC, is Vice Minister of Finance. Previously, she served as a member of the National Supervisory Commission, Vice Minister of Supervision, and Chief Inspector of the Central Commission for Discipline Inspection at the Foreign Affairs Office of Central Committee of the Communist Party of China. Prior to that, she held several positions at the Ministry of Finance, including Assistant Minister of Finance, Director General of the International Economic Relations Department, Director General of the International Department, Head of the Foreign Financial and Economic Exchange Office, Executive Director for China at the World Bank, and Deputy Director General of the International Department.

Ms. Zou, born in 1963, holds a master’s degree in economics from Chinese Academy of Social Sciences.

Ms. Zou Jiayi, Non-Executive Director of CIC, is Vice Minister of Finance. Previously, she served as a member of the National Supervisory Commission, Vice Minister of Supervision, and Chief Inspector of the Central Commission for Discipline Inspection at the Foreign Affairs Office of Central Committee of the Communist Party of China. Prior to that, she held several positions at the Ministry of Finance, including Assistant Minister of Finance, Director General of the International Economic Relations Department, Director General of the International Department, Head of the Foreign Financial and Economic Exchange Office, Executive Director for China at the World Bank, and Deputy Director General of the International Department.

Ms. Zou, born in 1963, holds a master’s degree in economics from Chinese Academy of Social Sciences.

Ren Hongbin

Non-Executive Director

Mr. Ren Hongbin, Non-Executive Director of CIC, is Assistant Minister of Commerce. Previously, he held positions at Ministry of Commerce including Director General of the Department of Foreign Trade and Deputy Director General of the National Office for Import and Export of Mechanical and Electronic Products, Director General of the Department of World Trade Organization (WTO) Affairs and Director General of China WTO Notification and Enquiry Center, Vice President of Chinese Academy of International Trade and Economic Cooperation (Director General level), Economic and Commercial Counsellor of Chinese Embassy in Hungary (Deputy Director General level), and Deputy Director General of the Department of European Affairs.

Mr. Ren, born in 1966, holds a master’s degree in engineering from China University of Mining and Technology.

Mr. Ren Hongbin, Non-Executive Director of CIC, is Assistant Minister of Commerce. Previously, he held positions at Ministry of Commerce including Director General of the Department of Foreign Trade and Deputy Director General of the National Office for Import and Export of Mechanical and Electronic Products, Director General of the Department of World Trade Organization (WTO) Affairs and Director General of China WTO Notification and Enquiry Center, Vice President of Chinese Academy of International Trade and Economic Cooperation (Director General level), Economic and Commercial Counsellor of Chinese Embassy in Hungary (Deputy Director General level), and Deputy Director General of the Department of European Affairs.

Mr. Ren, born in 1966, holds a master’s degree in engineering from China University of Mining and Technology.

Zhu Hexin

Non-Executive Director

Mr. Zhu Hexin, Non-Executive Director of CIC, is Deputy Governor of People’s Bank of China. Previously, he was Deputy Governor of Sichuan Province. Prior to that, he was Executive Director and Executive Vice President of Bank of China. He also held several positions at Bank of Communications, including Executive Vice President, President of Beijing Branch, General Manager of Corporate Business Sector and Executive Deputy General Manager of Beijing Management Department, Director of Corporate Business Sector, President of Jiangsu Branch, President of Nanjing Branch, and President of Suzhou Branch.

Mr. Zhu, born in 1968, holds a bachelor’s degree in engineering from Shanghai University of Finance and Economics.

Mr. Zhu Hexin, Non-Executive Director of CIC, is Deputy Governor of People’s Bank of China. Previously, he was Deputy Governor of Sichuan Province. Prior to that, he was Executive Director and Executive Vice President of Bank of China. He also held several positions at Bank of Communications, including Executive Vice President, President of Beijing Branch, General Manager of Corporate Business Sector and Executive Deputy General Manager of Beijing Management Department, Director of Corporate Business Sector, President of Jiangsu Branch, President of Nanjing Branch, and President of Suzhou Branch.

Mr. Zhu, born in 1968, holds a bachelor’s degree in engineering from Shanghai University of Finance and Economics.

Lu Lei

Non-Executive Director

Mr. Lu Lei, Non-Executive Director of CIC, is Deputy Administrator of the State Administration of Foreign Exchange. Previously, he held several positions at the People’s Bank of China including Director General of the Financial Stability Bureau and Director General of the Research Bureau. Prior to that, he served as Vice President and President of Guangdong University of Finance.

Mr. Lu, born in 1970, holds a Ph.D. in economics from School of Finance of People’s Bank of China.

Mr. Lu Lei, Non-Executive Director of CIC, is Deputy Administrator of the State Administration of Foreign Exchange. Previously, he held several positions at the People’s Bank of China including Director General of the Financial Stability Bureau and Director General of the Research Bureau. Prior to that, he served as Vice President and President of Guangdong University of Finance.

Mr. Lu, born in 1970, holds a Ph.D. in economics from School of Finance of People’s Bank of China.

Li Jiange

Independent Director

Mr. Li Jiange is Independent Director of CIC. Previously, Mr. Li served as Vice Chairman of Central Huijin, Chairman of Shenyin & Wanguo Securities, Chairman of China International Capital Corporation, Deputy Director of the Development Research Center of the State Council, Deputy Director (Vice Minister level) of the Economics Restructuring Office of the State Council, and Vice Chairman of the China Securities Regulatory Commission. He also served as Director General of the Policy and Regulations Department at the Economic and Trade Office of the State Council, as well as Deputy Director General of the State Planning Commission.

Mr. Li, born in 1949, holds a master's degree in economics from Chinese Academy of Social Sciences.

Mr. Li Jiange is Independent Director of CIC. Previously, Mr. Li served as Vice Chairman of Central Huijin, Chairman of Shenyin & Wanguo Securities, Chairman of China International Capital Corporation, Deputy Director of the Development Research Center of the State Council, Deputy Director (Vice Minister level) of the Economics Restructuring Office of the State Council, and Vice Chairman of the China Securities Regulatory Commission. He also served as Director General of the Policy and Regulations Department at the Economic and Trade Office of the State Council, as well as Deputy Director General of the State Planning Commission.

Mr. Li, born in 1949, holds a master's degree in economics from Chinese Academy of Social Sciences.

Fan Yong

Employee Director

Mr. Fan Yong, an Employee Director, is Head of Human Resources of CIC. Immediately prior to this, he served as Director of Human Resources, Deputy Head and Head of Institutional Integrity of CIC. In his earlier career, Mr. Fan served as Deputy General Manager of Human Resources of China Galaxy Securities Co., Ltd., Deputy General Manager of Investment Management, Deputy Director General of President's Office and Head of Human Resources of China Economic Development Trust & Investment Company, and Principal Staff of Fiscal and Financial Department at the State Planning Commission.

Mr. Fan, born in 1961, holds a bachelor's degree in economics from Zhongnan University of Economics and Law.

Mr. Fan Yong, an Employee Director, is Head of Human Resources of CIC. Immediately prior to this, he served as Director of Human Resources, Deputy Head and Head of Institutional Integrity of CIC. In his earlier career, Mr. Fan served as Deputy General Manager of Human Resources of China Galaxy Securities Co., Ltd., Deputy General Manager of Investment Management, Deputy Director General of President's Office and Head of Human Resources of China Economic Development Trust & Investment Company, and Principal Staff of Fiscal and Financial Department at the State Planning Commission.

Mr. Fan, born in 1961, holds a bachelor's degree in economics from Zhongnan University of Economics and Law.

Former Directors

Details ↓ ↓

Lou Jiwei: Chairman & CEO (September 2007 to March 2013).

Ding Xuedong: Chairman & CEO (July 2013 to February 2017).

Gao Xiqing: Vice Chairman & President (September 2007 to February 2014).

Li Keping: Executive Director, Executive Vice President & Chief Investment Officer (July 2011 to February 2014), Vice Chairman, President & Chief Investment Officer (February 2014 to July 2016).

Tu Guangshao: Vice Chairman & President (July 2016 to March 2019).

Zhang Hongli: Executive Director, Executive Vice President and Chief Operation Officer (September 2007 to June 2011).

Fu Ziying: Non-Executive Director (September 2007 to March 2011).

Liu Shiyu: Non-Executive Director (September 2007 to March 2011).

Li Yong: Non-Executive Director (September 2007 to July 2014).

Chen Jian: Non-Executive Director (February 2011 to July 2014).

Wang Baoan: Non-Executive Director (July 2014 to January 2016).

Hu Xiaolian: Non-Executive Director (September 2007 toJuly 2016).

Zhang Xiaoqiang: Successively Non-Executive Director and Independent Director (September 2007 - June 2019).

Hu Zucai: Non-Executive Director (July 2014 to June 2019).

Shi Yaobin: Non-Executive Director (January 2016 to June 2019).

Zhang Xiangchen: Non-Executive Director (July 2014 to June 2019).

Pan Gongsheng: Non-Executive Director (January 2016 to June 2019).

Fang Shangpu: Non-Executive Director (February 2011 to June 2019).

Liu Zhongli: Independent Director (September 2007 to July 2014).

Wang Chunzheng: Independent Director (September 2007 to July 2014).

Jiang Weijin: Independent Director (July 2014 to June 2019).

Yu Erniu: Employee Director (September 2007 to July 2009).

Li Xin: Employee Director (July 2009 to January 2016).

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