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China CIC sheds $111bn in assets after 2022 investment losses

Shusi He
Sovereign wealth fund China Investment Corporation's total assets under management dropped to $1.24 trillion at the end of 2022. But, it still managed to achieve its 50% alternative asset allocation target for overseas investments.
China CIC sheds $111bn in assets after 2022 investment losses

One of the world’s largest sovereign wealth funds, China Investment Corporation (CIC) recorded a $111 billion drop in its total assets under management (AUM) after suffering investment losses in 2022, according to its latest annual report released on December 1.

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