Published: July 19th, 2021,
Last updated: July 19th, 2021
Shang Yanchun and Lu Man have left China’s sovereign wealth fund China Investment Corporation. Shang Yanchun headed one of two investment teams: the departments of technology, media and communications. Lu Man was a senior manager in the department of direct investment. According to Bloomberg, the fund is facing an „exodus of senior executives.“ In the past five years, 20 team leaders and managing directors left the sovereign wealth fund.