Bao is currently the managing director of CIC Capital Corporation, a subsidiary of CIC, responsible for overseeing investment projects in infrastructure, energy, oil and gas, minerals and related investment funds at CIC Capital since 2015.

Bao joined CIC in 2011 when he managed North American fund investments and private credit market investments in the Private Equity Department at CIC. Prior to joining CIC, Bao held the position of Vice President at the Beijing branch of HSBC Bank (China) Company Limited and various senior positions in the Global Investment Banking Division of HSBC China from 2006 - 2010.

There is no specific term or proposed length of service for Bao as a NED but he will be subject to retirement and re-election at the annual general meeting of the company in accordance with the articles of continuation of the company.