Abbreviation: CIC
 Assets under management:
 Headquarters: Beijing, China
 Origin: Non-commodity

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%.

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, 
Dongcheng District, 
Beijing, 100010

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


Back to Sovereign Wealth Funds details