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China Investment Corporation (CIC) has recently been making a push for overseas institutions to enjoy the benefits of investing in the world’s second largest economy, with GDP at US$ 18 trillion. China announced that Chairman Peng Chun and David Solomon, Chairman of Goldman Sachs, have been meeting with Chinese authorities including Yi Huiman, known for…
TDT | Manama The Daily...
The country’s largest sovereign wealth funds saw its assets decline last year, while returns over the last decade remain ahead of its benchmark.
Like many of its global peers, China’s sovereign wealth fund went through a bad patch in 2022 as a trilemma of higher interest rates, inflation and volatility rocked stock and bond returns.
China Investment Corp (CIC) has hired a new North America head for its New York office, two people familiar with the matter said, filling a months-long vacancy and showing the sovereign wealth fund wants to maintain the outpost despite flaring U.S.-Sino tensions. New York is the $1.35 trillion fund's only office outside mainland China besides Hong Kong. Since then, Washington has cracked down on many Chinese investments it deems a national security risk.