Company Overview of China Investment Corporation
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
Founded in 2007
Key Executives for China Investment Corporation
Chief Executive Officer, Chairman, and Member of Executive Committee
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
Jan 22 16
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
Dec 21 15
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
Nov 29 15
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.
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