2018 was a bad year for CIC, China behemoth sovereign fund

2018 was a bad year for CIC, China behemoth sovereign fund

CIC’s genesis: A Temasek’s style sovereign fund in charge of managing the foreign exchange reserves China Investment Corp. (CIC, 中国投资有限责任公司) was established in 2007, carved out of China’s then-ballooning foreign exchange reserves, and dedicated to its management. The...