Statistics

CIC 2009 net profit rises to $41.7b

(Agencies)
Updated: 2010-07-29 14:56

China Investment Corp, the country's $300 billion sovereign wealth fund, increased its net profit last year to $41.66 billion from $23.1 billion in 2008, China Central Television quoted the fund as saying.

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CIC, founded in late 2007, made a positive return on its overseas investments last year of 11.7 percent, the television report said.

The fund made new overseas investments last year of $58 billion, it added.