BoCom VP to take helm soon at Central Huijin

BEIJING - Bank of Communications (BoCom) Vice-President Peng Chun will soon take the helm of Central Huijin Investment Ltd, the domestic investment arm of the country's $300 billion sovereign wealth fund, people with knowledge of the matter said.

Peng, 48, will replace Xie Ping, who stepped down as head of Central Huijin earlier, but remains a vice-president of China Investment Corporation (CIC), the entity managing the $300 billion fund, the source told China Daily on Friday.

In another appointment, Fan Yifei, vice-president of China Construction Bank (CCB), will transfer to CIC as a vice-president, the source said.