China Investment Co., Ltd. is a wholly state-owned company established in accordance with the Company Law with a registered capital of 200 billion US dollars.
China Investment Co., Ltd. began preparations in March this year, and all the work is basically ready at present. Lou Jiwei is the chairman, Gao Xiqing is the general manager and Hu is the supervisor. At present, CIC's foreign exchange investment business mainly focuses on overseas financial portfolio products. The company will implement the separation of government and enterprise, independent operation and commercial operation, and maximize the long-term investment income within the acceptable risk range.
Taking overseas operation as the main business to realize the preservation and appreciation of foreign exchange reserves
In addition to maintaining and increasing the value of the country's foreign exchange reserves, China Investment Corporation also works part-time to reduce the liquidity of the current financial system and combat macroeconomic fluctuations. Therefore, it is destined to focus on overseas operations.
According to Hong Kong media reports, China Investment Co., Ltd., which holds $200 billion in entrusted investment and is backed by the government's $65,438 +0.3 trillion foreign exchange reserves, has a successful imitation blueprint-Singapore Temasek.
Temasek used financial funds as leverage to run 10% of Singapore's GDP, but CIC obviously did not have such confidence. The China administration played down the company's "threat". In the first payment before the formal establishment, Blackstone's non-voting shares were bought at a good price, which showed that the company "only made money, regardless of things".
Since Temasek was founded in Singapore, more than half of its investment has been in Singapore. However, China Investment Co., Ltd. should not only maintain and increase the value of the country's foreign exchange reserves, but also shrink the liquidity of the current financial system part-time to combat macroeconomic fluctuations. Therefore, it is destined to focus on overseas operations.