20 August 2019

CIC return on overseas assets weakens, WSJ says

China Investment Corp. saw returns of more than 8 percent from its overseas assets last year, down from 10.65 percent in 2012, the Wall Street Journal reported Wednesday. “Though there was great volatility in the financial market last year, we adjusted our strategy in time and achieved a quite good result,” CIC executive vice president Liang Xiang was quoted as saying on the sidelines of the National People’s Congress, which opened its annual session on Wednesday. The sovereign-wealth fund, which invests part of the country’s foreign exchange reserves abroad, focused its investments on natural resources and the developing world, the report said.

– Contact HKEJ at [email protected]




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