Zhu Changhong Has Resigned as SAFE Chief Investment Officer, Agency Says
January 28 2014 - 2:22AM
Dow Jones News
By Lingling Wei
BEIJING--A respected official who played a key role in managing
China's $3.8 trillion in foreign-exchange reserves has resigned,
according to China's foreign-exchange administrator.
A representative for China's State Administration of Foreign
Exchange said Tuesday that Zhu Changhong had resigned as the
agency's chief investment officer. His mission at the agency was
set to wrap up at the end of January, the representative said in a
statement to The Wall Street Journal.
Mr. Zhu played "an important and outstanding role" in managing
China's foreign-exchange reserves, the representative said. She
declined to comment further.
Mr. Zhu declined to comment and referred questions to SAFE.
Mr. Zhu formerly was a senior executive at investment firm
Pacific Investment Management Co., or Pimco, before joining SAFE in
late 2009.
Write to Lingling Wei at lingling.wei@wsj.com