Governance
The Board of Directors discharges its responsibilities as specified by China’s Company Law, including: mapping out the company’s development strategies, operational guidelines, and investment plans；preparing the annual budget and final accounts; providing coordination and guidance on resolving issues the company faces in its operation; formulating risk management and internal control policies and overseeing their implementation; appointing and removing senior executives; deciding on or authorizing the establishment of internal management bodies.
The Board of Directors comprises Executive Directors, Non-Executive Directors, Independent Directors and Employee Directors, and the Remuneration Committee and the Executive Committee are organized under it.
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
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.
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.
Executive Director and Executive Vice President
Mr. Shen Rujun is Executive Director and Executive Vice President of CIC. Prior to this, he served as Executive Director and Executive Vice President of Bank of Communications. Previously, he held several positions with the Industrial and Commercial Bank of China (ICBC), including President of Shandong Branch, General Manager of Finance Accounting Department, Vice President of Beijing Branch, and Deputy General Manager of Planning and Finance Department.
Mr. Shen was born in 1964 and holds a Ph.D. in Management from Technology and Economics School of Hohai University and was accorded Senior Accountant by ICBC.
Mr. Shen Rujun is Executive Director and Executive Vice President of CIC. Prior to this, he served as Executive Director and Executive Vice President of Bank of Communications. Previously, he held several positions with the Industrial and Commercial Bank of China (ICBC), including President of Shandong Branch, General Manager of Finance Accounting Department, Vice President of Beijing Branch, and Deputy General Manager of Planning and Finance Department.
Mr. Shen was born in 1964 and holds a Ph.D. in Management from Technology and Economics School of Hohai University and was accorded Senior Accountant by ICBC.
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 1956, 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 1956, holds a Ph.D. in economics from Renmin University of China.
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 and Vice Minister of Supervision. 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 and Vice Minister of Supervision. 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.
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 National Mechanic and Electronic Import and Export Office, Director General of the Department of World Trade Organization (WTO) Affairs and Director General of China WTO Notification and Inquiry Center, Vice President of China Academy of International Trade and Economic Cooperation (Director General level), Commercial Counsellor (Deputy Director General level) in China’s Embassy in Hungary, 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 National Mechanic and Electronic Import and Export Office, Director General of the Department of World Trade Organization (WTO) Affairs and Director General of China WTO Notification and Inquiry Center, Vice President of China Academy of International Trade and Economic Cooperation (Director General level), Commercial Counsellor (Deputy Director General level) in China’s Embassy in Hungary, 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.
Non-Executive Director
Mr. Zhu Hexin has been Non-Executive Director of CIC since his tenure as Vice Governor of People's Bank of China. He now serves as Chairman of CITIC Group Corporation, CITIC Limited and CITIC Corporation Limited. Previously, he served as Vice Governor of People's Bank of China, Vice Governor of Sichuan Province, Executive Director and Vice President of Bank of China, and Vice President of Bank of Communications.
Mr. Zhu, born in 1968, holds a bachelor's degree in engineering from Shanghai University of Finance and Economics and is accorded Senior Economist.
Mr. Zhu Hexin has been Non-Executive Director of CIC since his tenure as Vice Governor of People's Bank of China. He now serves as Chairman of CITIC Group Corporation, CITIC Limited and CITIC Corporation Limited. Previously, he served as Vice Governor of People's Bank of China, Vice Governor of Sichuan Province, Executive Director and Vice President of Bank of China, and Vice President of Bank of Communications.
Mr. Zhu, born in 1968, holds a bachelor's degree in engineering from Shanghai University of Finance and Economics and is accorded Senior Economist.
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.
Independent Director
Mr. Li Jiange, Independent Director of CIC, is the Chairman of the Board of Trustees of Sun Yefang Foundation. He was Vice Chairman of Central Huijin, Chairman of ShenYin & WanGuo Securities co., Ltd., Chairman of China International Capital Corporation Limited CICC), Vice Minister of Development Research Center (DRC) of the State Council, Vice Minister of the State Council Office for Restructuring the Economic System, Vice Chairman and then Executive Vice Chairman of China Securities Regulatory Commission, Chief of Staff of the Securities Commission of the State Council. He had also worked as Deputy Director General and then Director General of the Department of Policy and Regulation of the State Economic and Trade Commission, Deputy Director General of Policy Research Office 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, Independent Director of CIC, is the Chairman of the Board of Trustees of Sun Yefang Foundation. He was Vice Chairman of Central Huijin, Chairman of ShenYin & WanGuo Securities co., Ltd., Chairman of China International Capital Corporation Limited CICC), Vice Minister of Development Research Center (DRC) of the State Council, Vice Minister of the State Council Office for Restructuring the Economic System, Vice Chairman and then Executive Vice Chairman of China Securities Regulatory Commission, Chief of Staff of the Securities Commission of the State Council. He had also worked as Deputy Director General and then Director General of the Department of Policy and Regulation of the State Economic and Trade Commission, Deputy Director General of Policy Research Office of the State Planning Commission.
Mr. Li, born in 1949, holds a master's degree in economics from Chinese Academy of Social Sciences.
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.
