THE China Investment Corp (CIC) sovereign wealth fund booked a 14.27 per cent net return on overseas investment in 2021 in US dollar terms, it said on Friday (Nov 11).
Its annualised accumulative net investment return on overseas investment for the decade ending 2021 was 8.73 per cent, beating the fund's performance target, it said.
CIC's unit Central Huijin, managed 5.58 trillion yuan (S$1,080.5 billion) worth of state-owned financial assets as of the end of 2021, up 7 per cent from the start of last year, according to its earnings report.
Central Huijin holds stakes in China's largest policy bank China Development Bank and largest commercial bank Industrial and Commercial Bank of China, as well as Chinese investment bank China International Capital Corporation.
CIC said its total assets reached US$1.35 trillion as of the end of 2021, with net assets of US$1.25 trillion. REUTERS