China Investment Corporation
Fund detailsManages a part of China's foreign exchange reserves.
Source of funds
China's Ministry of Finance issued up 1.55tn yuan ($200bn) in special treasury bonds to purchase foreign exchange from China's central bank. Issued in few tranches, bonds had a maturation periods of 10 and 15 years, with coupon rates ranging from 4.3% to 4.68%.
China Investment Corporation primarly invests in US treasury bonds and focuses its overseas investment mainly on equity, fixed-income, and alternative assets¹.
New Poly Plaza,
1 Chaoyangmen Beidajie,
1. Generally Accepted Principles and Practices, IMF International Working Group of Sovereign Wealth Funds, page 36
2. CIC says it's been buying shares in 3 biggest state-owned banks, Trading Markets, 16 January 2009
Last Updated: 17.01.2009
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