According to some inside sources, the China Investment Co. Ltd.
expects to be officially established this week.
The source said that Lou Jiwei, Gao Xiqing, Zhang Hongli, Xie
Ping and Hu Zuliu were on the top management list of the new
company.
Managing Director of Goldman Sachs (Asia) Hu Zuliu, recently in
Dalian, didn't directly answer the question of the China
Securities Journal whether he had joined the China Investment
Co. Ltd. But Hu said that he believed that professional, commercial
and independent operations are essential for the China Investment
Co. Ltd. He also stressed that emphasis shouldn't be focused on
specific investments, but rather on building institutions.
Regarding the size of the whole investment team, he said that
the magnitude of the team depends upon the scale of the assets and
the subsequent management model. If the company adopts an internal
management system, it would require about 1,000 backup personnel,
IT, risk management and law personnel altogether, along with
100-200 investment professionals.
For more details, please read the full story in Chinese. (http://www.cs.com.cn/xwzx/02/200709/t20070910_1191209.htm)
(China.org.cn September 10 2007)
