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Sovereign Wealth Funds Briefing - Categorized | People, Performance

China sovereign fund president says it’s met state expectations

Posted on 10 June 2013

China Investment Corp., the nation’s $482 billion sovereign wealth fund, has met the government’s expectations by delivering 5 percent annualized returns in the five years since its creation, the official Xinhua News Agency reported, citing the fund’s president.
CIC, which is seeking a new chairman after Lou Jiwei was named China’s finance minister in March, achieved an 11 percent investment return on its overseas portfolio last year, compared with a loss of 4.3 percent in 2011 , Gao Xiqing, also a vice chairman of the fund, said according to Xinhua……………………………………….Full Article: Source


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