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)
