China's sovereign fund mismanaged some investment: audit

BEIJING (Reuters) - China's $575-billion sovereign wealth fund mismanaged some of its overseas investments between 2008 and 2013 that led to losses, the country's top auditor said on Wednesday, without specifying the size of the loss.

China's sovereign fund mismanaged some investment: audit

BEIJING (Reuters) - China's $575-billion sovereign wealth fund mismanaged some of its overseas investments between 2008 and 2013 that led to losses, the country's top auditor said on Wednesday, without specifying the size of the loss.

Sovereign wealth fund CIC boasts 10.6% return in 2012

BEIJING: Sovereign wealth fund China Investment Corp (CIC) boasted a 10.6 per cent return on its global investment portfolio in 2012 according to the company's annual report.

Chinese firm looks to buy big office complex in London

Beijing: China Investment Corp, (CIC) a USD 410 billion Chinese sovereign wealth fund has evinced interest in buying an 800 million pound (USD 1.3 billion) London office complex, in what could become the latest in an increasing number of international property deals by Chinese buyers.

UPDATE 1-China's CIC eyes up to $2 bln stake in Alibaba Grp - sources

HONG KONG, May 24 (Reuters) - Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo Inc.

China's CIC brushes aside Merkel investment plea

(Reuters) - The head of China's $410 billion sovereign wealth fund CIC brushed aside a call by German Chancellor Angela Merkel to buy European government debt, saying such investments were "difficult" for long-term investors.

China’s CIC to Invest $1 Billion in Kremlin-Backed Fund

China Investment Corp., the nation’s sovereign-wealth fund, agreed to contribute $1 billion to a Russian private-equity vehicle, the first foreign commitment to a project championed by President Dmitry Medvedev.

Beijing-based CIC, which oversaw $409.6 billion by end-2010, plans to invest in a new Russia-China Investment Fund, Kirill Dmitriev, head of the Russian Direct Investment Fund that will co-manage the new vehicle, said by phone from Beijing yesterday, where the agreement was signed during a visit by Prime Minister Vladimir Putin.

Chinese sovereign wealth funds should dump US stocks, report says

Chinese sovereign funds such as Safe Investment Company and CIC should consider dumping and even shorting US retail stocks during US economic downturns, if they want to adopt an integrated asset and liability management process when making investment decisions, according to a new paper by the Edhec-Risk Institute

The Edhec-Risk Institute in Singapore has recommended that Chinese sovereign entities hold no exposure to the stocks of US retail companies or that they short such stocks to hedge against appreciation of the renminbi as well as hedging a fall in US consumer demand.

China's sovereign wealth fund names new CIO

Li Keping, vice-chairman of China's national pension fund, has been named executive director and chief investment officer of the country's $300 billion sovereign wealth fund which directs investments from China's huge stockpile of foreign exchange reserves.

Li replaces Gao Xiqing, who remains as president, a statement on the website of China Investment Corp (CIC) said. Sources told Reuters on June 17 of the impending personnel change.