January 23, 2017 8:54 PM 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 invests in consumer and industrial sectors. It also considers direct investments in logistics, healthcare and telecom. The firm invests in the recapita...

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: 56
President and Vice Chairman
President of CIC International
Chief Information Technology Officer, Head of Investment Operations, and Member of Executive Committee
Managing Director and Head of Special Investments
Compensation as of Fiscal Year 2016.

China Investment Corporation Key Developments

CIC Mulls Acquisitions In US

China Investment Corporation (CIC) is planning to make an investment in United States. The Chairman of CIC, Ding Xuedong said that the company is looking to raise alternative investments in US. He added that CIC may also look into investing in U.S. infrastructure projects and the manufacturing industry.

Global Logistic Properties Undertakes Strategic Review

Global Logistic Properties Limited (SGX:MC0) is undertaking a strategic review of options available to enhance shareholder value, following a request from its largest shareholder GIC Pte. Ltd. It has appointed JP Morgan (SEA) Limited as its financial advisor and constituted a special committee, consisting of four independent directors, to oversee the strategic review. "As part of the strategic review, Global Logistic Properties through JPMorgan is in the process of making preliminary approaches to various parties to evaluate the viability of options available for its business," Global Logistic Properties said. But it added that there is no assurance that any transaction will materialise from the strategic review and the company will make an appropriate announcement in the event of any material developments. Its clarification filing followed a Bloomberg article the same day, which reported that GLP is working with JPMorgan to review strategic options after drawing unsolicited interest from an investor group including China Investment Corporation; Hillhouse Capital Management, Ltd.; HOPU Jinghua (Beijing) Investment Consultancy Co., Ltd. But GLP made no mention of this unsolicited interest in its clarification announcement. When contacted by Business Times, a GLP spokeswoman declined to comment.

CIC Reportedly Weighing Bid For Global Logistic Properties

Global Logistic Properties Limited (SGX:MC0) (‘GLP’) has attracted takeover interest from an investor group that includes China’s sovereign fund, people with knowledge of the matter said. China Investment Corporation (‘CIC’), HOPU Jinghua (Beijing) Investment Consultancy Co., Ltd. and Hillhouse Capital Management, Ltd. have held talks about making a joint offer for GLP according to the people. The suitors have reached out to potential partners to weigh their interest in joining the consortium, one of the people said, asking not to be identified because the information is private. A spokeswoman for GLP declined to comment, while CIC didn’t immediately respond to a request for comment. Officials at the consortium members declined to comment or didn’t immediately respond to requests for comment.

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Office Tower at 1 New York Plaza in the Financial District
 

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