CIC sees $41.66 billion net profit, denies Central Huijin spinout
China Investment Corp, the country's leading SWF, reportedly increased its net profit last year to $41.66 billion, up from $23.1 billion in 2008, 11.7% of it made from offshore investments.
CIC has been aiming to increase its overseas investment to 20% in the longer term. As for private equity, CIC’s chairman Dai Xianglong said the SWF will also increase its allocation to private equity...
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