State Council appoints Liu Haoling as CSRC vice chairman

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Recently, the State Council decided to appoint Liu Haoling as Vice Chairman of the China Securities Regulatory Commission (CSRC). The Organization Department of the Central Committee of the Communist Party of China notified that Comrade Liu Haoling has been appointed as a member of the Party Committee of the CSRC.

Related report: Liu Haoling, General Manager of CIC, Appointed Vice Chairman of CSRC!

Recently, the State Council decided to appoint Liu Haoling as Vice Chairman of the China Securities Regulatory Commission (CSRC). The Organization Department of the Central Committee of the Communist Party of China notified that Comrade Liu Haoling has been appointed as a member of the Party Committee of the CSRC.

Public records show that Liu Haoling, born in 1971, holds a Bachelor of Arts in English from Peking University, a Bachelor of Laws from China University of Political Science and Law, a Master of Laws from the University of Iowa in the United States, and a Master of Science in Finance from London Business School, University of London.

In March 2008, Liu Haoling joined the China Investment Corporation (CIC), where he served successively as Business Supervisor and Senior Manager in the Legal and Compliance Department. Subsequently, he joined a CIC subsidiary, Central Huijin Investment Ltd., holding positions including Deputy Director of the Comprehensive Management Department, Director of the Comprehensive Management Department/Banking Institution Management Department II, Director of the Equity Management Department II, and Member of the Executive Committee of CIC and Deputy General Manager of Central Huijin. In February 2024, Liu Haoling was appointed Vice Chairman, General Manager, and Chief Investment Officer of CIC, concurrently serving as Deputy Party Committee Secretary, Deputy General Manager, and Chief Risk Officer.

According to its official website, CIC was established in September 2007 with the mission of achieving diversified investment of national foreign exchange assets, maximizing shareholder value within acceptable risk parameters, and supporting the needs of national macroeconomic development and the deepening of financial system reform. CIC operates through three subsidiaries: CIC International (Hong Kong) Co., Ltd., CIC Capital Corporation Ltd., and Central Huijin Investment Ltd.

CIC's annual report indicates that as of December 31, 2024, the company's ten-year annualized net return on overseas investments, calculated in US dollars, stood at 6.92%, exceeding the performance target by 61 basis points. Since inception, the cumulative annualized net return has been 6.39%. Additionally, as of the end of 2024, Central Huijin managed state-owned financial capital amounting to RMB 6.87 trillion, an increase of 6.44% from the beginning of the year. CIC's total assets reached USD 1.57 trillion, with net assets of USD 1.37 trillion.

(Source: CSRC Website)