China Investment Corp spent billions on commodity companies in the years after its inception in 2007. Photo: Visual China China Investment Corp spent billions on commodity companies in the years after its inception in 2007. Photo: Visual China
China Investment Corp spent billions on commodity companies in the years after its inception in 2007. Photo: Visual China

China’s US$1 trillion sovereign wealth fund sets up special team to divest stakes in soured assets

  • China Investment Corp has set up a special team led by managing director Benjamin Bao to tackle growing pile of troubled investments
  • Some of CIC’s failed investments include Noble Group, Teck Resources and Chesapeake Energy

Topic |   China economy
China Investment Corp spent billions on commodity companies in the years after its inception in 2007. Photo: Visual China China Investment Corp spent billions on commodity companies in the years after its inception in 2007. Photo: Visual China
China Investment Corp spent billions on commodity companies in the years after its inception in 2007. Photo: Visual China
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