China Investment Corporation (CIC) is the sovereign wealth fund for the People's Republic of China (China). CIC is headquartered in Beijing, China and was founded on 29 September 2007 in accord with China's Company Law. When CIC was founded it started with registered capital of USD 200 billion.
CIC aims to diversify China's foreign exchange holdings and seeks to maximise returns for its shareholders. CIC has three subsidiaries, CIC International Co Ltd (CIC International), CIC Capital Corporation (CIC Capital) and Central Huijin Investment Ltd (Central Huijin). CIC's overseas investment and management activities are undertaken by CIC International and CIC Capital.
As at 31 December 2018, CIC had total assets of USD 940.6 billion.
As a government owned corporation, CIC is not listed on any stock/securities exchanges.
Sovereign wealth fund - China Investment Corporation (CIC) acts as the People's Republic of China sovereign wealth fund, and does not report segments separately. For the year end 31 December 2018, CIC generated USD 67.8 billion in total investment income.
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