Peng Chun Explained

Peng Chun is a Chinese bureaucrat and 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]

From April 2010 to September 2013, Peng served as the general manager and executive director of Central Huijin.

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] As the Chair of CIC, Peng has 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.

Notes and References

  1. Book: Liu, Zongyuan Zoe . Sovereign Funds: How the Communist Party of China Finances its Global Ambitions . . 2023 . 9780674271913 . 10.2307/jj.2915805 . jj.2915805.
  2. News: 2019-04-09 . China's CIC says Peng Chun appointed as chairman . en . . 2023-07-09.
  3. Web site: He . Laura . Zheng . William . 2019-04-02 . China Picks Career Bureaucrat to Head Sovereign Wealth Fund . 2023-07-09 . . en.