Statistics

CIC 2009 net profit rises to $41.7b

(Agencies)
Updated: 2010-07-29 14:56
Large Medium Small

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.

Related readings:
CIC 2009 net profit rises to $41.7b China's sovereign wealth fund to absorb new int'l talent
CIC 2009 net profit rises to $41.7b CIC starts new round of global hiring with 64 jobs
CIC 2009 net profit rises to $41.7b China's CIC may post record yearly gain in 2009
CIC 2009 net profit rises to $41.7b China's CIC may spin off Huijin unit

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.