Cash Injection to the CIC
Established in 2007, the China Investment Corporation (CIC) originally had US$ 200 billion in registered capital from China’s Ministry of Finance. The government of China is deploying more reserves to the CIC to augment financial returns. After the Chinese New Year holiday, the China Investment Corporation received an undisclosed amount from the People’s Bank of China. Before the injection, the fund had around US$ 410 billion. The CIC has been seeking capital to expand its investment portfolio and generate higher returns.
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