China’s $1 Trillion Wealth Fund Shuffles Some Leadership Roles

  • Li Tao returns to become head of asset allocation, people say
  • Public relations head Liu Fangyu fills Li’s role in Hong Kong

Zhao Haiying, executive vice president of China Investment Corp. 

Photographer: David Paul Morris/Bloomberg
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China’s $1 trillion sovereign wealth fund shuffled some leadership roles including in asset allocation, following a revamp of its investment decision-making committees, according to people familiar with the matter.