Chairman of the Advisory Committee of National Energy Committee, Chairman of China Industrial Overseas Development and Planning Association
Mr. Zhang Guobao is the Chairman of the Advisory Committee of National Energy Committee and the Chairman of China Industrial Overseas Development and Planning Association .
Mr. Zhang used to serve as the Vice Chairman of the World Energy Council, a member of the Standing Committee and the Economic Committee of the 11th CPPCC National Committee. From 2003 to 2008, he was the Vice Chairman of the Economic Committee of the National Development and Reform Commission, Director of the Office of the Leading Group of Revitalizing the North East China and other Old Industrial Basis (minister level), and the Director-General of National Energy Administration. He used to serve as the Director of Industry Division, then the Deputy Director General of the Investment Department of the State Planning Commission, Deputy Secretary General and Vice Chairman of the State Planning Commission.
Mr. Zhang graduated from Xian Jiaotong University and holds a Master’s degree in engineering. He is a senior engineer.
With increasing foreign exchange reserves, China is now capable of and needs investment overseas. When these investments are made by equity investment companies completely funded by the state, it may cause many concerns and some doubts in certain countries. Therefore,the establishment of a private investment company not only finds foreign investment opportunities for the increasingly growing number of private enterprises, and it is also a great supplement for equity investments.
Over the 36 years of China's reform and opening up, the year 2014 is a milestone. If we say in the first 30 years,China's reform and opening up is featured by introducing in foreign capital and technologies, China's foreign investments have surpassed its introduced capital in 2014.The establishment of CMIG also complies with such a big international trend.