The State Council decided to appoint Comrade Zhang Qingsong as the chairman of China Investment Co., Ltd. and remove Peng Chun from the post of chairman of China Investment Co., Ltd. During his tenure, Comrade Peng Chun kept integrity, innovated, and carried out his duties conscientiously, leading China Investment Corporation to unswervingly follow the path of financial development with Chinese characteristics, promote the construction of a financial power with its own high-quality development, and actively integrate into the overall situation of Chinese-style modernization. Under Comrade Peng Chun's leadership, China Investment Corporation has focused on advancing the reform of the foreign investment system and mechanism, continuously innovating and developing the “Huijin Model”, promoting enterprises directly managed by the system to improve their core competitiveness and steadily address various major risks and challenges. Sovereign wealth funds have further strengthened their strategic support role in leading leveraging and state-owned financial capital, showing strength and responsibility in serving the country's overall development. China Investment Corporation highly praised and sincerely thanked Comrade Peng Chun for his outstanding contributions in building a first-class sovereign wealth fund, building a fiduciary management agency for state-owned financial capital under the new situation, and promoting the high-quality development of the company.

The State Council decided to appoint Comrade Zhang Qingsong as the chairman of China Investment Co., Ltd. and remove Peng Chun from the post of chairman of China Investment Co., Ltd. During his tenure, Comrade Peng Chun kept integrity, innovated, and carried out his duties conscientiously, leading China Investment Corporation to unswervingly follow the path of financial development with Chinese characteristics, promote the construction of a financial power with its own high-quality development, and actively integrate into the overall situation of Chinese-style modernization. Under Comrade Peng Chun's leadership, China Investment Corporation has focused on advancing the reform of the foreign investment system and mechanism, continuously innovating and developing the “Huijin Model”, promoting enterprises directly managed by the system to improve their core competitiveness and steadily address various major risks and challenges. Sovereign wealth funds have further strengthened their strategic support role in leading leveraging and state-owned financial capital, showing strength and responsibility in serving the country's overall development. China Investment Corporation highly praised and sincerely thanked Comrade Peng Chun for his outstanding contributions in building a first-class sovereign wealth fund, building a fiduciary management agency for state-owned financial capital under the new situation, and promoting the high-quality development of the company.