Date
24 September 2017

CIC overseas investment yield seen off target, paper says

China Investment Corp. (CIC), a sovereign wealth fund responsible for managing the country’s foreign reserves, expects its 2013 overseas investments to have yielded 9 percent, Economic Information Daily reported Friday, citing estimates by executive vice president Li Keping. The growth could come in below expectations due to heavy investment in bulk commodities and emerging markets, among others, Li was quoted as saying. CIC is considering agriculture, property, infrastructure and private equity for future investment. Since its establishment in 2007, the fund has made a cumulative annualized return of about 5.6 percent, the report said.

– Contact HKEJ at [email protected]

MY/AC/RA

 

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