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China Investment Corporation

From Simple English Wikipedia, the free encyclopedia
China Investment Corporation
Company typeSovereign wealth fund
IndustryInvestment service
FoundedBeijing, China (2007)
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

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.