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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

China’s CIC loses 4.3pct on global portfolio

Posted on 27 July 2012

China’s sovereign wealth fund suffered its worst year ever in 2011, losing 4.3 per cent on its global investment portfolio. In an annual report that has become the focal point of its efforts to portray itself as a transparent institution, China Investment Corp also confirmed that it had received a $30bn capital injection from the government at the end of last year, boosting its investment firepower.
CIC was established in 2007 with money carved out from China’s foreign exchange reserves and given a mandate to make investments that would generate higher returns………………………………………..Full Article: Source


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