Is CIC a state-owned enterprise?

China Investment Corporation (CIC) is a state-owned investment company in China, established in 2007 and headquartered in Beijing. It is a super-large state-owned enterprise directly under the State Council, China, and wholly owned by the Ministry of Finance of People's Republic of China (PRC) and People's Republic of China (PRC). As one of the largest sovereign wealth funds in China, it is committed to supporting China's economic and social development through investment activities and accumulating more wealth for the country.

CIC's investment fields cover finance, energy, transportation, manufacturing and other industries. Its investment decision-making is independent of the government, but it is strictly supervised and guided by the state. Therefore, it can be said that CIC is one of the important tools for the China government to achieve the national economic strategic goals.

China Investment Corporation is a wholly state-owned company mainly engaged in the investment management of foreign exchange funds. The company's main tasks include: overseas equity investment, bond investment, alternative asset investment and currency management, so as to realize the preservation and appreciation of national foreign exchange funds.

As a state-owned enterprise, the shareholders and actual controllers of China Investment Corporation are People's Republic of China (PRC) and the State Council. The senior management of the company is appointed by the State Council and supervises its business activities. Therefore, China Investment Co., Ltd. is a state-owned enterprise with a national background and a national foreign exchange investment strategy.