10.06.2013 - China sovereign fund president says itís met state expectations
China Investment Corp., the nationís $482 billion sovereign wealth fund, has met the governmentís expectations by delivering 5 percent annualized returns in the five years since its creation, the official Xinhua News Agency reported, citing the fundís president. CIC, which is seeking a new chairman after Lou Jiwei was named Chinaís 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
Print