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China Sovereign Wealth Fund’s Profit Spikes In 2014

Posted by: : Paul EbelingPosted on: July 3, 2015 China Sovereign Wealth Fund's Profit Spikes In 2014

China Sovereign Wealth Fund’s Profit Spikes In 2014

China Investment Corporation (CIC), the sovereign wealth fund, reported a huge net profit increase in Y 2014 in the company’s annual report, released Friday.

Net profits hit US$89.1-B last year, 2-B $’s more than in Y 2013.

CIC branches abroad reported a net investment profit margin of 5.47% in Y  2014, lower than the annual average rate of 5.66% registered since the founding of the company in Y 2007.

The company’s total assets surpassed US$740-B, that according to the report.

Ding Xuedong, CIC chairman and CEO, said the company intensified risk control, optimized its structure of investment combinations and promoted long-term investments during last year.

By the end of last year, open market stocks and long-term assets accounted for 44.1% and 26.2% separately of its overseas investment portfolio, said the company.

The CIC has 3 subsidiaries: CIC International and Central Huijin Investment Ltd. and CIC Capital Corporation.

Have a terrific holiday weekend.


Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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