China’s Sovereign Wealth Fund Posts Strong 2024 Results
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China’s sovereign wealth fund reported strong results in 2024, delivering a roughly 41% jump in investment income and a 30% rise in net profit despite global market volatility.
Investment income reached $130 billion, while net profit rose to $141 billion, according to China Investment Corp.’s (CIC) latest annual report released Tuesday.
CIC’s 10-year annualized net return improved to 6.92%, exceeding its target by 61 basis points.
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- China Investment Corp. reported a 41% rise in investment income to $130 billion and a 30% increase in net profit to $141 billion in 2024.
- The fund's 10-year annualized net return improved to 6.92%, surpassing its target by 61 basis points.
- The portfolio emphasized alternatives and IT equities, with Central Huijin managing $1 trillion in domestic financial capital.
- China Investment Corp.
- China Investment Corp. (CIC) reported a strong performance in 2024, with investment income rising to $130 billion and net profit increasing by 30% to $141 billion. The sovereign wealth fund's 10-year annualized net return reached 6.92%. CIC allocates its portfolio primarily to public equities, fixed income, and alternatives, with information technology as its largest equity sector.
- Central Huijin Investment Ltd.
- Central Huijin Investment Ltd. is the domestic investment arm of China Investment Corp. (CIC). It manages nearly 7 trillion yuan ($1 trillion) in state financial capital and holds stakes in 19 major financial institutions in China.
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