China's CIC sees 9.3% gain on overseas investments in 2013
China Investment Corporation (CIC) saw a 9.3% return on its international portfolio in 2013 as strong stock market performance saw the sovereign fund’s exposure to public equities rise at the expense of other assets classes, including long-term investments like private equity.
Ding Xuedong - who succeeded Lou Jiwei as chairman of CIC last year, while Li Keping took over from Gao Xiqing as vice chairman and president earlier this year - contrasted "the smooth succession of a...
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