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China Investment Corporationi

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.

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The decision by China Investment Corp to divest its holdings in US private equity powerhouse Blackstone has been done with little elaboration by either party. But coming as trade tensions rise between Washington and Beijing, any significant move by either side will be put under the microscope

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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.

Sovereign wealth fund China Investment Corp 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.

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 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.

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.