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The board of directors of the China Investment Corp (CIC), the nation's sovereign wealth fund, passed the resolution to appoint 48-year-old Peng Chun as the company's executive vice president and 46-year-old Fan Yifei as the executive vice president and deputy chief operations officer, according to the company's website.
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CIC now has five executive vice presidents: Zhang Hongli, Peng Chun, Fan Yifei, Xie Ping and Wang Jianxi. Meanwhile, Zhang is chief operations officer and Wang Jianxi chief risk officer.