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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

China wealth fund CIC says net profit up 60 pct y/y in 2012

Posted on 29 July 2013

China’s sovereign wealth fund, China Investment Corp., reported a 2012 net profit of $77.4 billion, up 60 percent from the previous year when it had posted its first-ever dip in profit.
CIC’s return on overseas investment reached 10.6 percent in 2012, compared to a negative 4.3 percent in 2011. Earlier this month China formally named career bureaucrat Ding Xuedong as the new chairman of CIC, ending a months-long search for a head of the $500 billion fund………………………………………..Full Article: Source


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