Capt. Wei Jiafu, President and CEO of COSCO took charge of China Ocean Shipping (Group) Company (COSCO) in November 1998. Prior to that, he had been the senior executive in many subsidiaries of COSCO both at home and abroad. He had supervised COSCO's asset operations and management. During his tenure as the president of COSCO (Singapore) Ltd, he had managed to turn it into a public listed company in 1993, marking COSCO's first entrance into the international capital market.

With over ten years of seafaring experience and as a well-experienced captain, Capt. Wei Jiafu has rich knowledge in international shipping management and operation. He is a senior engineer with a doctor degree in ship and ocean structural design and manufacture and a master degree in shipping.

Capt. Wei was elected as Co-Chair of China Federation of Industrial Economics in early 2002. He was also elected as the member of the CPC Central Committee for Discipline Inspection on 14 November 2002, at the 16th National Congress of the Communist Party of China.

The other titles of Capt. Wei Jiafu at home and abroad include:

Panama Canal Authority Advisory Board, member
Baltic International Maritime Conference (BIMCO) Executive Committee, member
International Advisory Council of PSA Corporation, member
Boao Forum for Asia Board of Directors, member
China Shipowners' Association, chairman
Harvard Business School Asia-Pacific Advisory Board, member
China Enterprise Confederation, vice chairman
China Entrepreneurs' Association, vice chairman
China Shipowners Mutual Assurance Association, chairman
China Merchants Bank, vice chairman
China Federation of Industrial Economics, co-chairman,
National Guidance Commission of MBA Education, commissioner
American Bureau of Shipping (ABS), International Committee of Distinguished Shipping Personages, member.