CIC saw 10.6% investment return ratio in 2012
Updated: 2013-03-04 15:55
By Wang Xiaotian (Xinhua)
China Investment Corporation, China's sovereign wealth fund, registered a 10.6 percent return ratio on its investments last year, said Liang Xiang, executive vice-president of CIC on Monday.
"The performance is very comforting amid the backdrop of a complicated economic situation and financial markets last year," she said.
Liang said that half of CIC's portfolio was invested in the open market, while the other half was invested in long-term projects in the real economy.
"Real estate will not be a major target for our investments, but it will continue to be a part of our portfolio that provides sound returns," Liang said.
She made the remarks while attending the annual meeting of the Chinese People's Political Consultative Conference National Committee as a member.
CIC got a new round of investment worth $30 billion from the State Administration of Foreign Exchange last year, and is getting more involved in the property market.
United Kingdom media reported last October that CIC is in talks to buy Deutsche Bank's headquarters building in London for 250 million pounds ($403 million), and is also involved in some infrastructure projects in the UK.