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China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. China's largest sovereign fund , CIC was established in 2007 with about US$200 billion of assets under management , a number that grew to US$1.2 trillion in 2021 [ 4 ] and US$1.3 trillion in December 2024.
BEIJING — Treasury Secretary Janet Yellen kicked off her first full day of official meetings in China with discussion about overcapacity concerns and encouragement to pursue market-oriented reforms.
FRANKFURT (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday that the United States and Europe needed to respond to China's industrial overcapacity in a "strategic and united way" to ...
China's development of its sovereign funds was influenced by the experiences of the 1997 Asian Financial Crisis and the 2007-2008 global financial crisis. [1]: 11 According to researcher Zongyuan Zoe Liu, "The CPC leadership responded to these shocks by reexamining the boundaries of state-market relations in China and reinterpreting the Party's commitment to reform and opening up."
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
As China's economy stalls, Beijing is encouraging companies to ship excess production overseas. Beijing can’t wish away China’s overcapacity problem Skip to main content
GUANGZHOU, China (Reuters) -U.S. Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier He Lifeng agreed to launch exchanges on "balanced" economic growth, an effort to ...
CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping. [3] Its headquarters are in Chaoyang District, Beijing. [4]