Xinhua| Editor: Liangyu | 2017-07-11:
BEIJING, July 11 (Xinhua) – China’s sovereign wealth fund China Investment Corporation (CIC) said Tuesday that its overseas investment returned to profit in 2016 despite uncertainties in the global investment environment.
CIC posted a U.S. dollar-denominated net return of 6.22 percent in overseas investment last year, compared with a loss of 2.96 percent in 2015.
The year 2016 was an extraordinary year for the fund, CIC Vice Chairman and President Tu Guangshao said in its annual report.
Facing a complex global landscape fraught with uncertainties, CIC achieved encouraging results through internationalized, market-oriented and professional operations, Tu said.
The fund has seen a net cumulative annualized return of 4.76 percent in overseas investment since its establishment, according to the report.
Its total assets had grown to 813.5 billion dollars by the end of last year.
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