CIC（China Investment Corporation）

Headquartered in Beijing, China Investment Corporation (CIC) was founded on 29 September 2007 as a wholly state-owned company incorporated in accord with China's Company Law, with registered capital of US $200 billion. The company was established as a vehicle to diversify China's foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance. As of the end of 2015, CIC's total assets surpassed US $810 billion; the annualized growth rate of state-owned capital had reached 15.30% and CIC’s overseas investment achieved a net cumulative annualized return of 4.58% since CIC's inception.

CIC has three subsidiaries, CIC International Co., Ltd. (CIC International), CIC Capital Corporation (CIC Capital) and Central Huijin Investment Ltd. (Central Huijin).

The overseas investment and management activities of CIC are undertaken by CIC International and CIC Capital. Both CIC International and CIC Capital are market-oriented commercial entities with a specialized mandate and global reach.

CIC International was established in September 2011, with a mandate to invest and manage overseas assets. It took over the entire portfolio and mandate for overseas investment from CIC. CIC International conducts public market equity and bond investments, hedge funds and real estate investments, private equity fund investments, co-investments and minority investments as a financial investor.

CIC Capital was incorporated in January 2015 with a mandate to specialize in making direct investments to refine CIC's overall portfolio management and enhance investment on long-term assets.

Central Huijin makes equity investments in key state-owned financial institutions in China. Without interfering with the day-to-day operations of its investee institutions, Central Huijin exercises its shareholder rights and performs its obligations to the extent of its capital contribution, in order to preserve and enhance the value of state-owned financial assets.

For more information, please refer to CIC’s website at www.china-inv.cn.