At the end of 2021, the total value of assets under management (AUM) by the China Investment Corporation (CIC) amounted to 1.35 trillion U.S. dollars. Headquartered in Beijing, China, the CIC was established as a sovereign wealth fund (SWF). SWFs are state-owned investment funds, the use of these funds and their investment strategy varies depending on the needs of the state. The CIC is used to manage a portion of China's foreign currency reserves, generating returns through diversifying China's foreign exchange holdings.
FAQs
China Investment Corporation: total AUM 2021 | Statista? ›
At the end of 2021, the total value of assets under management (AUM) by the China Investment Corporation (CIC) amounted to 1.35 trillion U.S. dollars.
What is the total assets of China Investment Corporation? ›Headquartered in Beijing, China Investment Corporation (CIC) was incorporated in September 2007 under the Company Law of China with a registered capital of USD 200 billion, raised through government bond issuance of CNY 1.55 trillion. As at the end of 2022, CIC's total assets stood at approximately USD 1.24 trillion.
How big is the China Investment Corporation? ›As of the end of 2021, the total state-owned financial assets under the management of Central Huijin reached CNY 5.58 trillion, up 7% from the beginning of the year. CIC's total assets grew to USD 1.35 trillion, with net assets of USD 1.25 trillion.
What is the AUM of CIC China? ›The report showed that CIC's AUM slumped to $1.24 trillion at the end of 2022, from $1.35 trillion in end-2021.
How much is the China investment fund worth? ›China's largest sovereign fund, CIC was established in 2007 with about US$200 billion of assets under management, a number that grew to US$1,200 billion in 2021 and US$1,350 billion in 2023.
Who owns the China Investment Corporation? ›China Investment Corporation (CIC) was established on September 29, 2007, by the Chinese government in compliance with the Company Law of the People's Republic of China. It is wholly owned by the Chinese government and has its own corporate entity status.
Who are the 5 largest investors of FDI in China? ›Hong Kong, the Virgin Islands, Japan, Singapore and the United States are among the major investors (data U.S. Trade Administration). Investments are mainly oriented towards manufacturing, real estate, leasing business and services, and computer services.
Who is the CEO of China Investment Corporation? ›Chairman and CEO
Mr. PENG Chun is Chairman and Chief Executive Officer of CIC. Immediately prior to this, he served as Chairman and Executive Director of the Bank of Communications. Previously, he was Vice Chairman, Executive Director, and President of the Bank of Communications.
BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023. Headquartered in New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries.
Who is the largest shareholder of Bank of China? ›Central Huijin Investment (a state owned investment company) holds a majority share of 64.02%. Bank of China's complete shareholder structure can be viewed here.
Has China's CIC crowned world's largest sovereign fund? ›
(CIC) has dethroned Norway's government pension fund to become the world's largest sovereign wealth fund by assets, according to a new report. CIC had $1.35 trillion in assets under management (AUM) by the end of 2022, according to a Jan.
What is best investment corporation China? ›Best Investment Corporation operates as a financial firm offering investment services. The Company offers various financial services to clients throughout China. Best Investment also provides financial advisory services.
Does China have a sovereign wealth fund? ›China is home to one of the world's largest sovereign funds, China Investment Corporation. CIC's total assets under management reached about $1.24 trillion at the end of 2022, bigger than Saudi Arabia's 2022 GDP (about $1.1 trillion). Saudi Arabia was the 17th largest economy in the world in 2022.
How much is China invested in the US? ›China's FDI in the United States (stock) was $28.7 billion in 2022, down 7.2 percent from 2021.
Why is China's investment so high? ›Labor's share of income in China is much lower than those in either Japan or the United States, which is why the country's return to capital is higher. This is very intuitive: when labor receives less compensation, capital will earn more, which leads to a higher return to capital.
Where is China investing most? ›However, more than 60 percent of the total FDI volume in 2022 was transferred to Asia's financial hub, Hong Kong, and around ten percent to the Cayman Islands and British Virgin Islands, which makes it difficult to identify final investment destinations.
How much money does China have invested in USA? ›China's FDI in the United States (stock) was $28.7 billion in 2022, down 7.2 percent from 2021.
What is the total assets of China Construction Bank? ›As of 2022, China Construction Bank had total assets of RMB34,601.9 billion. In 2022, it had total operating income of RMB822. 5 billion, net profits of RMB323. 2 billion and customer deposits of RMB25,020.8 billion.