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China Sovereign Fund CIC Profit Rises On Record Overseas Returns

by dealstreetasia.com posted 4months ago 49 views
China‘s sovereign wealth fund China Investment Corp (CIC) posted a 37.55 percent rise in 2017 net profit, boosted by record-high returns from its overseas portfolio. In the past, CIC has invested in several overseas companies ranging from Airbnb, Canadian mining company Teck Resources to U.S. PE house Blackstone.