CIC announces personnel appointment and removal of Liu Jinbo as executive director
Liu Jinbo is relieved of his duties due to term expiration. The company acknowledges his contributions to corporate governance and party building during his tenure.
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China's sovereign wealth fund
china-inv.cnLast updated
In short: CIC reported a 30.4% profit rise, held advisory meeting and announced leadership changes.
Liu Jinbo is relieved of his duties due to term expiration. The company acknowledges his contributions to corporate governance and party building during his tenure.
Liu Haoling will no longer serve as Vice Chairman, General Manager, and Chief Investment Officer. The company thanks him for his contributions.
The report discloses the financial status as of December 31, 2024, with total assets reaching 1.57 trillion US dollars, net assets 1.37 trillion US dollars, and an annualized net return on overseas investments of 6.92% over the past ten years.
The sovereign wealth fund plans to increase the proportion of alternative assets, explore overseas bond issuance for financing, and build a cross-border investment ecosystem network.
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