Chapter 18

China Investment Corporation: China’s Sovereign Wealth Fund

Yuwei Hu,    BBVA, 618 Tower 2, Bright China Chang An Building, No. 7, Jianguomen Nei Avenue, Beijing, China    E-mail: yu-wei.hu@hotmail.com

Abstract

The China Investment Corporation (hereinafter referred to as CIC) with assets under management (AUM) USD $575 billion (2012) is arguably one of the most secretive sovereign wealth funds in the world. Research on this entity has been unfortunately scarce, albeit the increasing public interest in this institution. In this chapter we first conduct an in-depth analysis on the organizational structure and investment strategy of the CIC. A thorough investigation is then utilized to ascertain the current problems associated with the ...

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