• Wed
  • Jul 23, 2014
  • Updated: 5:27am

China Investment Corp

China central bank, sovereign fund to get new bosses

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.

Thursday, 11 October, 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

CIC puts HK on its agenda for investment

China Investment Corp, the mainland's US$200 billion sovereign wealth fund, would invest in Hong Kong as part of a strategy that also includes alternative investments such as in private equity funds, a senior executive said.

4 Mar 2008 - 12:00am

CIC, Shenhua in talks for 15.8pc of Fortescue

Potential deal will see state fund diversifying from financials

China Investment Corp, the mainland's US$200 billion sovereign wealth fund, and China Shenhua Group, the mainland's largest coal mining firm, have been in informal talks to buy a 15.85 per cent stake in Fortescue Metals, Australia's third-largest iron ore miner, in a deal worth US$2 billion, sources said.

4 Feb 2008 - 12:00am

State fund to help Sinopec parent acquire overseas assets

China Investment Corp is planning to inject funds into China Petrochemical Corp (CPC), the parent company of Sinopec Corp, to help it acquire overseas assets, the China Business News reported yesterday.

22 Dec 2007 - 12:00am

Beijing flexes financial clout with move on Wall St bank

Morgan Stanley saviour gets in while world markets reel

A popular joke among mainland businessmen in recent weeks has it that although China exports toxic toys to the United States, the US exports something far more damaging: toxic financial waste.

21 Dec 2007 - 12:00am

CIC sets stringent standards

The country's sovereign wealth fund yesterday unveiled stringent requirements for overseas firms seeking to manage part of its assets in the global equity markets, showing Beijing's hope in shoring up returns after a setback in the fund's first investment.

14 Dec 2007 - 12:00am