CIC's assets grew by 23% last year

Jul 27, 2011

China's sovereign wealth fund posted an 11.7% return on its international portfolio in 2010 and continues to move into new asset classes and investment types.

China Investment Corporation’s assets under management grew by 23% to $410 billion in 2010, and its profits by 24% to $52 billion, according to the sovereign wealth fund's 2010 annual report, released yesterday.

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