Peng Chun (CFP)	Fan Yifei(IMG)

The Board of Directors of the China Investment Corp. (CIC), the country's $200-billion sovereign wealth fund, has appointed Peng Chun and Fan Yifei executive vice presidents. Fan was also assigned to the post of deputy chief operating officer.

Peng, 48, holds a doctor's degree in economics. He joined the Bank of Communications in January 1994 and was promoted to vice president of the bank in September 2004. Before that, he was assistant president of the bank, after serving as branch president in Urumqi, Nanning and Guangzhou. He quit all his posts in the bank in April.

Fan, 46, also holds a doctor's degree in economics. He was executive vice president of China Construction Bank between July 2005 and May this year. Before that, he successively served as general manager of the Finance and Accounting Department and the Planning and Finance Department and as assistant president of the bank.