China Investment Corporation has taken stakes and put cash in pockets around the globe.
China Investment Corp’s investments reach into energy and utilities, but also unexpected crevices, such as a $1-billion stake in a Manhattan skyscraper at 1221 Avenue of the Americas. Credit: Tdorante10, Creative Commons
China Investment Corporation (CIC) is the world’s second largest sovereign wealth fund, with more than $1 trillion in assets, a global portfolio and control over a large investment vehicle at home called Central Huijin.CIC oversees Central Huijin, a major Chinese investor in state-owned enterprises (SOEs) that manages $686 billion. Historical conversion from the 4.78 trillion RMB cited in CIC’s 2019 annual report. Central Huijin has taken stakes in 18 SOEs since its formation in 2003.
Al
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Fish farming in Xinjiang is being sold as proof that technology can overcome geography. The reality is more complicated: a desert seafood boom built on political control, imported feed and a food system that masks its real burdens.
Sanctions and export controls failed to contain the rise of Yangtze Memory Technologies Corp. Now the national champion is riding the AI boom to a record IPO.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
