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February 10, 2016 4:57 AM ET

Capital Markets

Company Overview of China Investment Corporation

Company Overview

China Investment Corporation is a sovereign wealth fund of the Government of China. The firm was established with the issuance of special bonds by the Ministry of Finance. It manages a part of the country’s foreign exchange reserves. The firm invests in the public equity, fixed income markets, and alternative assets in both developed and emerging markets. It seeks to make alternative investments in hedge funds, private equity, commodities, and real estates. The firm seeks to make fund of funds investments in private equity and hedge funds. It also considers direct investments in logistics, healthcare and telecom. The firm invests in the recapitalization of domestic financial institutions. It...

New Poly Plaza

1 Chaoyangmen Beidajie

Dongcheng District

Beijing,  100010

China

Founded in 2007

Phone:

86 10 8409 6277

Fax:

86 10 6408 6908

Key Executives for China Investment Corporation

Chief Executive Officer, Chairman, and Member of Executive Committee
Age: 55
President of CIC International
Chief Information Technology Officer, Head of Investment Operations, and Member of Executive Committee
Managing Director and Head of Special Investments
Managing Director, and Investment Manager
Compensation as of Fiscal Year 2015.

China Investment Corporation Key Developments

China State Shipbuilding Corporation and China Investment Corporation Signs a GBP 2.6 Billion Luxury Cruise Building and Operation Cooperation Agreement with Carnival

China State Shipbuilding Corporation and China Investment Corporation signed a GBP 2.6 billion luxury cruise building and operation cooperation agreement with Carnival. The three parties will set up an international cruse joint venture in Hong Kong and will order cruises from Shanghai Waigaoqiao Shipbuilding with CNY 25 billion. Design of the first luxury cruise China independently builds will complete in 2016; the cruise will come under building in 2017 and will be delivered to Carnival in 2020. Waigaoqiao is preparing equipment and fundamental facilities for building made-in-China luxury cruises.

China Investment Corp. Opens New York Representative Office and Closes Toronto Office; Appoints Zhai Fan as Chief Representative

China Investment Corp. announced that it opened a representative office in New York. The office was opened Dec. 14 and Zhai Fan was named as chief representative. The company also announced that it closed its Toronto office, which operated for more than five years, due to an internal restructuring.

Chinese Reportedly Eye InterContinental

Chinese bidders are understood to be eyeing a bid for Intercontinental Hotels Group plc (LSE:IHG). The sources said that Shanghai Jin Jiang International Hotels (Group) Company Limited (SEHK:2006), HNA Group Co., Ltd. and China Investment Corporation will now likely turn their attention to IHG, though no approach has yet been made.

Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
December 17, 2015
OJSC Detsky Mir Group
Private Placement
November 23, 2015
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Private Placement
November 18, 2015
TutorGroup
 

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