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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

China wealth fund CIC returns to profit growth in 2012

Posted on 29 July 2013

China’s $500 billion sovereign wealth fund, China Investment Corp (CIC), returned to profit growth in 2012, citing growing traction in the global recovery at the end of the year and a steady improvement in risk asset prices.
CIC was created in 2007 to earn higher returns from riskier investments such as commodities, private equity and hedge funds for part of China’s $3.4 trillion foreign exchange reserves. In 2011, the fund reported its first-ever decline in profit due to market weakness amid Europe’s debt crisis………………………………………..Full Article: Source


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