China’s Trillion-Dollar Sovereign Wealth Fund

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

Subscribe or login to read the rest.

Subscribers get full access to:

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.

Face-Off: U.S. vs. China

A podcast about the turbulent relationship between the world's two superpowers, the two men who run them, and the vital issues that affect us all.

US Ambassador Nicholas Burns recently served in Beijing for three years. In this episode of Face-Off: US vs. China, host Jane Perlez talks to Burns about how he got Americans out of Chinese jails, how security operatives stopped American cultural groups from performing, and how China agreed to limits on AI in nuclear weapons.

The Wire China

China’s Trillion-Dollar Sovereign Wealth Fund

China Investment Corporation has taken stakes and put cash in pockets around the globe.

The Silicon State

What is StepFun?
By Noah Berman

Zhou Bo On Whether We Should Fear China
By Andrew Peaple

LISTEN NOW

Face-Off: U.S. vs. China
A podcast about the turbulent relationship between the world's two superpowers, the two men who run them, and the vital issues that affect us all.

The Wire China Archives

What is StepFun? By Noah Berman

Zhou Bo On Whether We Should Fear China By Andrew Peaple

Face-Off: U.S. vs. ChinaA podcast about the turbulent relationship between the world's two superpowers, the two men who run them, and the vital issues that affect us all.

The Wire China Archives

What is StepFun?
By Noah Berman

Zhou Bo On Whether We Should Fear China
By Andrew Peaple

Face-Off: U.S. vs. China
A podcast about the turbulent relationship between the world's two superpowers, the two men who run them, and the vital issues that affect us all.