https://www.scmp.com/rss/308016/feed China Investment Corporation (CIC)is a sovereign wealth fund responsible for managing part of China's foreign exchange reserves. It was established in 2007 with approximately US$200 billion of assets under management. In June 2013 a CIC official said total assets had grown to US$500 billion in 2012 from US$482 billion in 2011. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com China’s sovereign wealth fund has divested its holdings in US private equity powerhouse Blackstone. Since there has been little elaboration from either party, analysts have been left to speculate on the reasons. At a time of rising trade tensions, any significant move by either side  will be put under the microscope. It may well be that China Investment Corp (CIC), the world’s second largest sovereign fund, is readjusting its portfolio. After all, the investment had been controversial as it was... https://www.scmp.com/comment/insight-opinion/article/2138784/sovereign-funds-move-scrutinised?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2138784/sovereign-funds-move-scrutinised?utm_source=rss_feed Sun, 25 Mar 2018 00:52:26 +0000 China Investment Corp (CIC), the country’s sovereign wealth fund, has sold its holding in private equity firm Blackstone Group LP, exiting from an 11-year-old investment as trade tensions intensify between China and the US. Financial details of the sale were not disclosed in a regulatory filing by Blackstone. Reuters reported that CIC had an around 4.5 per cent stake in Blackstone as of the end of last year. With Blackstone’s market capitalisation at around US$42 billion, the sale could be worth... https://www.scmp.com/business/companies/article/2137118/china-sovereign-fund-cic-exits-blackstone-investment?utm_source=rss_feed https://www.scmp.com/business/companies/article/2137118/china-sovereign-fund-cic-exits-blackstone-investment?utm_source=rss_feed Wed, 14 Mar 2018 04:35:21 +0000 A new catalogue of risks has surfaced as we march into the new year, posing new challenges to the management of investments. The first risk is uncertainty. We don’t know what we don’t know, as the cliché goes. So we cannot be certain what those uncertainties are. When and how uncertainties - political, social, economic, technological disruptions - play out is beyond prediction. The odds of success or failure in investment decisions based on these uncertainties depend as much on judgment as luck.... https://www.scmp.com/business/companies/article/2126166/how-do-you-manage-risk-when-you-cant-be-certain-about?utm_source=rss_feed https://www.scmp.com/business/companies/article/2126166/how-do-you-manage-risk-when-you-cant-be-certain-about?utm_source=rss_feed Fri, 29 Dec 2017 09:27:13 +0000 China’s sovereign fund China International Corporation (CIC) achieved a 6.22 per cent net return on outbound investment in 2016, reversing the 2.96-per cent loss recorded for 2015, its annual report issued on Tuesday showed. With total asset value surpassing US$813.5 billion according to the report, CIC has become the world’s second largest sovereign wealth fund, after Norway’s $960 billion sovereign fund. Net profit rose to US$75.3 billion in 2016 from US$73.9 billion a year earlier. Its... https://www.scmp.com/business/banking-finance/article/2102210/chinas-sovereign-wealth-fund-reverses-investment-loss-2016?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2102210/chinas-sovereign-wealth-fund-reverses-investment-loss-2016?utm_source=rss_feed Tue, 11 Jul 2017 11:54:21 +0000 China Investment Corporation (CIC), the sovereign wealth fund, is stepping up its overseas investment, focusing on targets closely tied to the country’s economic development. Qi Bin, CIC’s deputy general manager, revealed the move, while speaking at the private equity firm Hony Capital’s annual general meeting in Shenzhen on Monday. “This will be the future trend for CIC. Any investment must be closely tied to Chinese industry and serve in its economic transition ,” he said. A gradual... https://www.scmp.com/business/article/2045819/chinese-sovereign-wealth-fund-cic-raise-overseas-investment?utm_source=rss_feed https://www.scmp.com/business/article/2045819/chinese-sovereign-wealth-fund-cic-raise-overseas-investment?utm_source=rss_feed Mon, 14 Nov 2016 11:07:23 +0000 Chinese financial institutions have outpaced their global peers in terms of changing fortunes when it comes to assets under management in 2015, according to global research on investment trends. China Investment Corporation, China’s sovereign wealth fund, ranked as the biggest gainer, as its assets under management rose by US$94 billion during the year, according to a report published last week by the Official Monetary and Financial Institutions Forum (OMFIF). The gains elevated China Investment... https://www.scmp.com/business/global-economy/article/1983185/go-figure-chinese-financial-institutions-both-lose-and-win?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/1983185/go-figure-chinese-financial-institutions-both-lose-and-win?utm_source=rss_feed Wed, 29 Jun 2016 11:39:15 +0000 Dalian Wanda Group has thrown down the gauntlet to the Walt Disney Company by opening the first of a series of planned tourist theme parks on the mainland. The 20-billion-yuan Wanda Cultural Tourism City in Jiulonghu, a new development zone 15km outside Nanchang ( 南昌 ), capital of Jiangxi (江西) province, is the first of at least eight parks that Wanda Group hopes will transform it from the country’s largest private property developer and cinema chain operator into the world’s biggest... https://www.scmp.com/business/investor-relations/article/1958020/wanda-takes-shanghai-disney-series-new-theme-parks?utm_source=rss_feed https://www.scmp.com/business/investor-relations/article/1958020/wanda-takes-shanghai-disney-series-new-theme-parks?utm_source=rss_feed Sat, 28 May 2016 18:01:25 +0000 China Investment Corp sold part of its stake in Noble Group, sending shares in the commodity trader tumbling and sparking fears the mainland sovereign wealth fund will eventually move to offload most of its holding. CIC, the second-biggest shareholder, sold shares equivalent to 4.5 per cent of the commodity trader. The shares were sold at S$1.32 (HK$8.04), the bottom of an indicative range that topped out at S$1.35, raising S$396 million. It was not clear why CIC was selling the stake, but... https://www.scmp.com/business/companies/article/1604470/china-sovereign-wealth-fund-sell-s405m-noble-shares?utm_source=rss_feed https://www.scmp.com/business/companies/article/1604470/china-sovereign-wealth-fund-sell-s405m-noble-shares?utm_source=rss_feed Tue, 30 Sep 2014 03:30:45 +0000 Sovereign wealth fund China Investment Corp (CIC) risks sinking deeper into the quagmire of its investment in Bumi Resources, Indonesia's biggest coal miner, which is beset by financial woes and allegations of environmental damage. Bumi is Indonesia's largest thermal coal producer and one of the top three largest thermal coal exporters by tonnage globally. In September 2009, CIC lent US$1.9 billion to Bumi, a risky move since Bumi has incurred a lot of debt over the past decade. Bumi defaulted... https://www.scmp.com/business/money/markets-investing/article/1587473/sovereign-wealth-fund-cic-risk-bumi-investment?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1587473/sovereign-wealth-fund-cic-risk-bumi-investment?utm_source=rss_feed Sun, 07 Sep 2014 20:13:00 +0000 Agricultural businesses from South American farms to Dutch dairies may soon find themselves in the sights of a new mega investor - China Investment Corp. The mainland's US$480 billion sovereign wealth fund is seeking to diversify its portfolio after encountering hurdles in sectors including real estate and technology, sources say. CIC has been reviewing opportunities to invest in agriculture-related businesses, a field it had previously shown less interest in. Since its founding in 2007, CIC has... https://www.scmp.com/business/china-business/article/1499747/china-state-investor-shifts-sights-agribusiness-worldwide?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1499747/china-state-investor-shifts-sights-agribusiness-worldwide?utm_source=rss_feed Tue, 29 Apr 2014 02:30:30 +0000 China Investment Corporation is set to buy Chiswick Park, a west-London office development, from US private equity group Blackstone for about £800 million (HK$9.93 billion), the Financial Times reported, citing people familiar with the matter. The talks are at an advanced stage, and a deal could be finalised before the end of this month, the newspaper said. If successful, the deal would be the second acquisition by CIC in the British property market,  after it bought Deutsche Bank’s City of... https://www.scmp.com/business/companies/article/1353217/china-investment-corp-buy-london-office-park-blackstone?utm_source=rss_feed https://www.scmp.com/business/companies/article/1353217/china-investment-corp-buy-london-office-park-blackstone?utm_source=rss_feed Mon, 11 Nov 2013 03:02:22 +0000 China Investment Corp, the mainland's US$480 billion sovereign wealth fund whose chairmanship had been left vacant for months, finally confirmed last night that a senior cabinet official had been appointed to the post. Ding Xuedong, a former deputy secretary general of the State Council, was officially named CIC's new chairman in a brief statement posted on the fund's website, confirming a report by the South China Morning Post on June 29 about the expected appointment. "In accordance with the... https://www.scmp.com/business/china-business/article/1276389/ding-xuedong-officially-named-cic-chairman?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1276389/ding-xuedong-officially-named-cic-chairman?utm_source=rss_feed Fri, 05 Jul 2013 16:00:00 +0000 The new boss of China Investment Corp, the mainland's US$480 billion sovereign wealth fund whose chairmanship had been vacant for about five months, faces two immediate challenges - making more money from the fund's overseas investments and finding additional capital. The two challenges may have been reflected in the months of internal debate and jockeying for the chairmanship of one of the world's largest sovereign funds, even with some candidates reportedly hesitant to accept the post due to... https://www.scmp.com/business/money/markets-investing/article/1274227/new-boss-china-sovereign-fund-cic-ding-xuedong?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1274227/new-boss-china-sovereign-fund-cic-ding-xuedong?utm_source=rss_feed Tue, 02 Jul 2013 16:00:00 +0000 Beijing will soon officially announce the new chairman for China Investment Corp – ending months of internal debates and power struggles over who will manage the US$480 billion sovereign fund of the world's second largest economy. Ding Xuedong, currently deputy secretary-general of the State Council, China’s cabinet, is expected to be officially named the new CIC chairman, two sources familiar with the hiring process said. Ding, 53, is the youngest ever deputy secretary-general. He was also vice... https://www.scmp.com/news/china/article/1270930/exclusive-senior-cabinet-official-ding-xuedong-be-named-new-boss-chinas?utm_source=rss_feed https://www.scmp.com/news/china/article/1270930/exclusive-senior-cabinet-official-ding-xuedong-be-named-new-boss-chinas?utm_source=rss_feed Fri, 28 Jun 2013 04:14:40 +0000