China Investment Corporation

China Investment Corporation, established in 2007, is China's sovereign wealth fund, aiming to diversify the investment of foreign exchange reserves and achieve long-term returns. It has three subsidiaries: CIC International, CIC Overseas, and Central Huijin, covering public equities, fixed income, alternative assets, and direct investments.

A leading global sovereign wealth fund focused on long-term investment and risk diversification.

Product categories. Sovereign wealth fund investments · Equity investments · Fixed income investments · Alternative investments · Direct investments

• 2014

  Audit Office reports overseas investment losses; Blackstone investment paper loss exceeds 80%

  A 2014 audit by the National Audit Office found that China Investment Corporation’s overseas investments had problems including insufficient due diligence, inadequate post-investment management, and managerial dereliction of duty; some projects suffered losses, and clues involving suspected crimes and disciplinary violations were transferred to relevant authorities. In 2007, CIC invested US$3 billion in Blackstone and at one point had a paper loss of about 83%. CIC rectified the issues; in 2018 it cleared out its Blackstone shares.

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• Unconfirmed

  Eurazeo, CIC and BNP Paribas launch the Sino-French Cooperation Fund[4]欧瑞泽、中投公司与法国巴黎银行启动中法合作基金hy.stock.cnfol.com

  Eurazeo, China Investment Corporation and BNP Paribas jointly launched the Sino-French Cooperation Fund, which aims to help French and European companies develop in China.

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1. 1Audit Office reports overseas investment losses; Blackstone investment paper loss exceeds 80%jjckb.xinhuanet.com
2. 2Audit Office reports overseas investment losses; Blackstone investment paper loss exceeds 80%finance1.ce.cn
3. 3Audit Office reports overseas investment losses; Blackstone investment paper loss exceeds 80%news.sina.com.cn
4. 4欧瑞泽、中投公司与法国巴黎银行启动中法合作基金hy.stock.cnfol.com