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China Investment Corporation
China Investment Corporation (CIC) is China's sovereign wealth fund, established on 29 September 2007 under the Company Law of China with registered capital of...
China Investment Corporation
China Investment Corporation (CIC) is China's sovereign wealth fund, established on 29 September 2007 under the Company Law of China with registered capital of USD 200 billion raised via government bond issuance. Headquartered in Beijing, CIC diversifies China's foreign exchange holdings and seeks maximum returns for its shareholder within acceptable risk tolerance (per CIC official website and Annual Report 2024). It operates through three subsidiaries: CIC International Co., Ltd. and CIC Capital Corporation for overseas investments (public equities, fixed income, alternatives including private equity/credit, real estate, infrastructure, resources, hedge funds, and bilateral funds), and Central Huijin Investment Ltd. for domestic equity stakes in state-owned financial institutions without intervening in day-to-day operations, separated by strict firewalls. As of year-end 2024, total assets exceeded USD 1.57 trillion with net assets of USD 1.37 trillion; the 10-year annualized cumulative net return on overseas investments was 6.92% in USD terms (per CIC Annual Report 2024 release and PDF). CIC adheres to long-term, commercial, responsible investing principles, implements the Santiago Principles, maintains Board of Directors, Board of Supervisors, and Executive Committee governance, and has offices in Hong Kong, New York, and London. It aims to become a world-class sovereign wealth fund.
General information
Firm type
Sovereign Wealth Fund
Year founded
2007
AUM
$1.57T (YE 2024)
Location
Region
Asia
Country
China
City
Beijing
Corporate office
Beijing, China
Additional offices
Hong Kong · New York · London
Principals
ZHANG Qingsong
Chairman and CEO
LIU Jinbo
Executive Director
GUO Xiangjun
Executive Vice President and Chief Strategy Officer, Deputy Chief Investment Officer
PAN Yuehan
Chief Inspector
CHEN Zhong
Executive Vice President
ZHANG Shaoqing
Executive Vice President and Deputy Chief Investment Officer
Sector focus
Frequently asked questions
When and why was China Investment Corporation established?
CIC was founded on 29 September 2007 under China's Company Law as a sovereign wealth fund with USD 200 billion registered capital to diversify China's foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance (per official website and Annual Report 2024).
What is CIC's most recent reported assets figure?
As of year-end 2024, CIC's total assets stood at approximately USD 1.57 trillion, with net assets of USD 1.37 trillion (per CIC Annual Report 2024 and official press release dated 9 December 2025).
How is CIC structured and what does it invest in?
CIC invests overseas via CIC International and CIC Capital (public equities, fixed income, alternatives such as PE/credit, real estate, infrastructure, resources, hedge funds, bilateral funds) and domestically via Central Huijin in state-owned financial institutions, with strict firewalls separating the activities (per official Who We Are page and Annual Report 2024).
Who leads China Investment Corporation?
ZHANG Qingsong serves as Chairman and CEO; other key executives include Executive Director LIU Jinbo, EVPs GUO Xiangjun (CSO and Deputy CIO), CHEN Zhong, ZHANG Shaoqing (Deputy CIO), WU Yingchun (CRO), and Chief Inspector PAN Yuehan (per official Leadership and Executive Committee page, updated with 2026 appointments).
Where is CIC headquartered and does it have overseas offices?
Headquarters are in Beijing (Building 3, No. 9, Dongzhimenwai Xiejie, Dongcheng District); it maintains CIC International (Hong Kong), New York Representative Office, and London Representative Office (per official Contact Us and Who We Are pages).
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