China Investment Corp & Its Record Year in 2009

Filed in archive Investments on July 24, 2010

© PremierofAlberta

As the global markets rebound, China Investment Corp. (CIC) is set to release a record year for 2009 after it boosted investments in commodities. CIC is China's sovereign wealth fund is expected to produce its upcoming statement with a reported rutrn of well over 10 percent for its global portfolio. Close to $10 billion was pumped into commodity-based firms by CIC Chairman Lou Jiwei to take advantage of the recovering global economy.

Commodities have rallied well which could mean that CICs results should be very good too. Overall, CIC had been quite conservative, and this had helped it during the financial crisis of 2008. Nevertheless, CIC is requesting the Chinese government for more funds for investment as its cash holdings have dropped from its global portfolio.