Temasek Holdings Ltd, the Singapore based investment firm, announced the appointment of Dr Wu Yibing as its head for China. This appointment  would be effective starting October 1, 2013.

Dr Wu Yibing would succeed Mr. Ding Wei who would take the position of Advisory Senior Director for China. Dr. Wu would be working with Mr. Chia Song Hwee, the co head for China to expand Temasek's presence in China as one long term, active investor in successful enterprises. 

Dr Wu is the current Chairman and CEO of Goldstone Investment Co Ltd, which is the direct investment unit of CITIC Securities of China. He is also the current President of CITIC Private Equity Funds Management.  He is also the current non-executive director of Lenovo Group and NOL Group, as well as a member of the board of directors of China Social Entrepreneur Foundation.

He will be joining Temasek starting October 1, 2013 as Senior Managing Director.