China Investment Corporation

From Simple English Wikipedia, the free encyclopedia
China Investment Corporation
Company typeSovereign wealth fund
IndustryInvestment service
FoundedBeijing, China (2007)
Headquarters
Beijing
,
China
Key people
Ding Xuedong (Chairman and CEO)
Li Keping (Vice Chairman, President and CIO)
Increase US$ 118.012  billion (2019)
Increase US$ 110.313  billion (2019)
Total assetsIncrease US$ 1.2  trillon (2019)
Total equityIncrease US$ 946.934  billion (2019)
Number of employees
689 (2019)
SubsidiariesCentral Huijin Investment
Websitewww.china-inv.cn

China Investment Corporation (CIC; Chinese: 中国投资有限责任公司; pinyin: zhōngguó tóuzī yǒuxiàn zérèn gōngsī) is a sovereign wealth fund responsible for managing part of the People's Republic of China's foreign exchange reserves. CIC was established in 2007 with approximately US$200 billion of assets under management. At the end of 2017, the CIC had over US$941 billion in assets under management. It is China's largest largest sovereign wealth fund, reportedly managing an asset pool worth north of $1 trillion.