Top 25 Market Movers
8
Lou Jiwei
Chairman, China Investment Corp.
Lou Jiwei, chairman of China's $200 billion sovereign wealth fund, backed away from more investments in the U.S. financial sector after getting burned in deals with Blackstone and Morgan Stanley. China is rethinking its investment strategy as its own economy cools. Recent investments by the CIC have been made in China's domestic banking sector.
Audio Commentary
"China can only save herself."
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Bio
Date of Birth: 12/24/1950
Hometown: Beijing
Education: B.S. in computer science, Tsinghua University, postgraduate work in econometrics at the Postgraduate School of the Chinese Academy of Social Sciences
Trivia
Lou, a former soldier and computer programmer, helped China develop its domestic bond market.