China Investment Corp

Well-trained managers the SAFE way to manage assets

London Business School

The manager of the world's largest foreign exchange reserves appears to have finally come to a valuable conclusion - if you want to manage your assets well, you must first know how to manage your people.

Monday, 21 October, 2013, 8:19am

Central bank eyes new agency for forex investment

Central bank eyes new agency for forex investment

The People's Bank of China (PBOC) is working on a plan to establish a new government agency to invest its US$3.5 trillion of foreign exchange reserves abroad more efficiently.

7 Aug 2013 - 8:19am

China Investment fund reverses loss to earn 11 per cent on foreign assets

Gao Xiqing. Photo: Bloomberg

China's sovereign wealth fund, China Investment Corp (CIC), says its return on overseas investment was about 11 per cent last year, reversing a loss in 2011, in part due to its diversified investment portfolio.

9 Jun 2013 - 8:46am

Power struggle in Beijing leaves CIC leaderless

Huang Qifan, Chongqing Mayor

The chairman's office at China Investment Corp (CIC) has been empty for about three months since former chairman Lou Jiwei , who helped establish CIC in 2007, was promoted to become finance minister as part of the Communist Party's once-a-decade leadership transition earlier this year.

27 May 2013 - 6:32am 2 comments

Shanghai vice-mayor set for China Investment Corp

Tu Guangshao, tipped to head CIC. Photo: Bloomberg

Beijing is expected to announce appointments to key financial positions in the near future as the new leadership prepares to take bolder steps towards financial reforms.

11 May 2013 - 4:22am

CIC bullish on gold in face of price slump

Jin Liqun says gold will rebound.

A senior official at China Investment Corp says the US$500 billion sovereign wealth fund has exposure to gold, although "not on a big scale", and the fund is confident that gold prices will rise in the long run owing to limited global supply.

18 Apr 2013 - 5:52am

Ex-wealth fund guru Lou Jiwei to be finance minister

Lou Jiwei. Photo: Bloomberg

Lou, known for his reformist outlook and preference for a market-oriented economy, was a deputy finance minister for 10 years before becoming head of China Investment Corp (CIC), the mainland's sovereign wealth fund, in 2007. His career has now turned a full circle with his appointment as finance minister.

17 Mar 2013 - 7:01am

CIC president cautious but warming to US

Gao Xiqing, vice chairman, president and chief investment officer of China Investment Corp. Photo: Bloomberg

China's US$500 billion sovereign wealth fund is more optimistic about the United States economy than those of Europe and Japan, although it is generally cautious about the outlook for major economies.

7 Mar 2013 - 6:17am

Business Digest, January 8, 2013

Cathay, Dragonair bundle airline tickets

CIC eyes Daimler stake, People's Daily reports

8 Jan 2013 - 4:21am

Briefs, October 20, 2012

Earnings disappoint at Microsoft, McDonald's

WTO upholds its ruling China broke trade rules

The World Trade Organisation has upheld its ruling in June that China violated global trade rules by imposing anti-subsidy and anti-dumping penalties on more than US$200 million of flat-rolled electrical steel products from the United States. Bloomberg  

Hutchison 3G may have to sell assets in Europe

20 Oct 2012 - 2:35am

China central bank, sovereign fund to get new bosses

Zhou Xiaochuan (left), Lou Jiwei (centre) and Dai Xianglong will play roles in shaping the new financial hierarchy. Photos: Bloomberg, Reuters

As Beijing's once-in-a-decade leadership transition looms, a rare reshuffle of top finance-related government jobs is set to unfold next year, including likely new heads at both the central bank and the sovereign wealth fund.

11 Oct 2012 - 11:00am

Wealth fund arm may be restructured

Beijing is mulling whether to spin off the domestic arm of the nation's sovereign wealth fund and inject an additional US$100 billion of capital into a new entity that focuses on overseas investments.

2 Sep 2011 - 12:00am

SAFE to give CIC a run for its money

Beijing seen hoping to lift investment returns

Foreign critics of Beijing's state investments beware: the mainland now has two sovereign wealth funds on the hunt for global assets.

17 Apr 2008 - 12:00am

CIC tipped to balloon to US$625b

The mainland's US$200 billion sovereign wealth fund is projected to swell to US$625 billion within three years, with US$344 billion to be ploughed into foreign securities, according to a new report.

15 Apr 2008 - 12:00am

Ping An, CIC among investors in Visa IPO

Not just China Life Insurance but its rival Ping An Insurance and the mainland's new sovereign fund China Investment Corp (CIC) are said to be among mainland financial institutions sitting on paper profits from investing in Visa, which completed the world's largest initial public offering last week.

26 Mar 2008 - 12:00am