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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

CIC sets its sights on major global role

Posted on 06 September 2016

China Investment Corporation is expected to become the world’s largest sovereign wealth fund in two years with assets totaling $1 trillion under management by that time. “We have laid solid foundations in the past nine years, and we will stick to our original aim of becoming a world leading and respectable sovereign wealth fund,” Ding Xuedong, chairman and CEO of China Investment Corporation, said.
China Investment Corporation had assets totaling more than $810 billion under management by the end of 2015, and its annualized growth rate of State-owned capital reached 15.3 percent since CIC’s inception, according to CIC’s financial report of 2015. “CIC’s assets under management will exceed $1 trillion in two years based on this growth,” said Ding………………………………………..Full Article: Source


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