China Investment Corp

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.

Tuesday, 4 March, 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

CIC promises patience amid strong pressure to earn profit

The nation's new sovereign wealth fund may have to struggle to generate enough profit to pay interest due to its backers but the company will take a patient approach to building its investment portfolio around the globe, fund general manager Gao Xiqing said.

12 Dec 2007 - 12:00am

China Investment Corp allays fears on role in world markets

Beijing's US$200 billion sovereign fund will be a stabilising force rather than a threat to the world's markets as it was created for the country's need to soak up excess liquidity, according to the head of the fund.

30 Nov 2007 - 12:00am

Pussycat or tiger?

How should the mainland's new sovereign wealth fund, China Investment Corp (CIC), spend its US$200 billion? Its launch has concentrated the minds of foreign investors and western politicians, who are increasingly uncomfortable with the murky investment strategies and motivations of sovereign wealth funds.

2 Nov 2007 - 12:00am

China Investment Corp forecast to zoom in on HK stocks

Hong Kong share prices could be bid higher this week on expectations that the mainland's US$200 billion sovereign fund will make the local market a 'top priority' when it starts building its foreign investment portfolio, said Michael Wong, a research director at Hantec Investment International.

2 Oct 2007 - 12:00am

CIC set to take baby steps as investment giant

The newly established giant China Investment Corp (CIC) will have to brave rough weather due to uncertainties on the international financial markets and lack of expertise.

1 Oct 2007 - 12:00am

Investment giant to tread carefully

The opening of the US$200 billion China Investment Corp has sent tremors of unease around the financial world. But although the CIC is likely to grow one day into an international investment giant, in its early days the new fund will tread extremely carefully in global markets.

1 Oct 2007 - 12:00am

Bonds to raise 200b yuan for CIC

The Ministry of Finance announced yesterday the sale of 200 billion yuan of special bonds to fund China Investment Corp (CIC), a state-owned overseas investment unit expected to be launched this week.

The ministry said on its website that the special bonds would help curb excess liquidity in the economy and cool lending growth.

11 Sep 2007 - 12:00am

Beijing investment vehicle may buy into blue-chip companies

China Investment Corp may use some of its US$200 billion in funds to buy stakes in domestic blue-chip companies, a sign Beijing is struggling to find profitable investments abroad as world markets tumble and the yuan continues to appreciate.

28 Aug 2007 - 12:00am

Rough sailing awaits investment flagship

From the start, Beijing's decision to invest its huge foreign reserves has stirred controversy at home and abroad, with global financial markets closely looking for any hint of how Chinese policymakers would decide in managing its US$1.33 trillion stockpile.

20 Aug 2007 - 12:00am