China Sovereign Wealth Fund May Name New Co-Head, Executives Say

China Investment Corp. may name Li Keping, currently an executive at the country’s national pension manager, a new co-head of the sovereign wealth fund, said two CIC executives with direct knowledge of the matter.

Li, a vice chairman at the National Social Security Fund, has been working out of CIC’s offices in Beijing for the past few days, said the fund executives who declined to be identified as the matter is confidential. An official announcement may be made soon that Li will help oversee investments and be at an equal level with Vice Chairman and President Gao Xiqing, the officials said. Gao reports to Chairman Lou Jiwei. A CIC spokesman wasn’t immediately available to comment.