Abbreviation: CIC
 Assets under management:
US$200bn
 Established:
2007
 Headquarters: Beijing, China
 Origin: Non-commodity
 Website: http://www.china-inv.cn/cicen

Foreign Investments

  • Morgan Stanley (USA)
    9.9% stake
    $5bn deal

  • Blackstone Group (USA)
    9.4% stake
    $3bn deal

  • Visa (USA)
    0.1% stake  
    ca. $100 mln from Initial Public Offering

 Domestic Investments²

  • Bank of China
  • Industrial and commercial Bank of China
  • China Construction Bank

China Investment Corporation

Fund details

Manages 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%.

Investments
China Investment Corporation primarly invests in US treasury bonds and focuses its overseas investment mainly on equity, fixed-income, and alternative assets¹. 

Location
New Poly Plaza, 
1 Chaoyangmen Beidajie, 
Dongcheng District, 
Beijing, 100010

References
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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