Created in 2007, CIC is tasked with helping the mainland invest its US$3.95 trillion-and-growing foreign exchange reserves. Photo: Screenshot from website
Chinese sovereign wealth fund mismanaged investments, audit finds
China Investment Corp failed to conduct adequate due diligence on overseas investments which led to losses, the mainland's auditor finds
Created in 2007, CIC is tasked with helping the mainland invest its US$3.95 trillion-and-growing foreign exchange reserves. Photo: Screenshot from website
