CIC Refines Decision-Making Process for Overseas Investments
Posted on 01/19/2021
The China Investment Corporation (CIC) is keen on increasing its exposure to international credit investments, similar to its Asian peers in China and South Korea. Earlier in January, the CIC restructured part of its decision-making process by forming two committees to approve investments in public and non-public assets. These committees replaced bodies at CIC Capital and CIC International, which had overlapped responsibility. CIC’s overseas portfolio, which is the non-bank holdings, is targeting to be worth more than US$ 300 billion by the end of 2021. This number was a 2018 AUM target.
