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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$1,200 billion in 2021 [ 4 ] and US$1,350 billion in 2023.
China's sovereign funds are part of China's "national team" of institutional investors that can buy depressed assets to add liquidity to the market and improve its stability. [1]: 17. China's sovereign funds also help finance state procurement of assets overseas, support Chinese enterprise in engaging in mergers and acquisitions abroad, and ...
In 1945, China cofounded the International Monetary Fund (IMF) with 34 other nations. China was initially represented by the Republic of China. [1] In April 1980, representation transferred to the People's Republic of China. The Chinese-IMF relationship mainly operates around affairs associated with IMF governance and the IMF Special Drawing ...
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
The China Internet Investment Fund (CIIF; Chinese: 中国互联网投资基金; pinyin: Zhōngguó Hùliánwǎng Tóuzījījīn), is a China Government Guidance Fund.The fund focuses on the internet sector including cybersecurity, artificial intelligence, big data, cloud computing and other services that are in line with national strategies and help develop the digital economy of China.
According to preliminary data released by the authorities, China's GDP in 2023 was CN¥126.06 trillion (US$ 17.89 trillion) [33] with a real GDP increase of at least 5.2% from 2022. [34][35] China is the world's largest manufacturing industrial economy and exporter of goods.
A China Government Guidance Fund (Guidance Fund) is an investment vehicle set up as a public–private partnership that aims to further China's industrial policy goals. It may either invest directly in companies or tangible projects, or invest indirectly by investing in other investment funds (known as sub-funds) through a fund of funds approach.
The largest shareholders of the fund include the Ministry of Finance, China Development Bank, China Tobacco, China Mobile, and China Electronics Technology Group Corporation, which are government agencies and state-owned enterprises. [4] [5] [7] [10] The fund has a very low profile and does not even have its own website.